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EB-5 Program Raises Questions

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EB-5 Program Raises Questions

The South Dakota Attorney General’s office is continuing its investigation into the Governor’s Office of Economic Development. Attorney General Marty Jackley has said his office does not have a conflict of interest while looking into activity of the department during the administration of former Governor Mike Rounds. Much of the investigation apparently is focused on the financing of the now bankrupt Northern Beef Packers in Aberdeen. Much of that funding came through foreign investors using the EB-5 program.

House Minority Leader Bernie Hunhoff of Yankton says this all needs a closer look…

 

Hunhoff says there should at least be a public audit of the related development programs…

 

Hunhoff says republicans and democrats cooperated in the last legislative session on a new economic development program…

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