Economic Impact Study of South Dakota’s Ethanol Industry reveals tremendous benefits to state
The South Dakota Corn Utilization Council (SDCUC) will host a news conference on Monday, Feb. 27, to release the results of a comprehensive scientific study detailing the economic impact the ethanol industry has on South Dakota.
Date: Monday, Feb. 27, 2006
Time: 2:15 p.m.
Sioux Falls Holiday Inn City Centre – on the corner of 8th St. and Phillips Ave.
The study was conducted by Randall Stuefen, a consultant and professor emeritus of business at the University of South Dakota. His goal was to estimate the economic impact of ethanol as an industry to the state’s economy. Stuefen’s findings reveal a reach of benefits to countless segments of the economy from the creation of jobs, to dollars churning through communities, to utility savings for city residents and rural stability.
“Never before has a more comprehensive study been done that looks at the ethanol industry’s economic impact on South Dakota,” said Brian Woldt, president of the SDCUC. “The numbers are staggering, proving that South Dakota as a whole has benefited from the ethanol industry in the state. It has created new wealth which in turn has helped to keep South Dakota economically healthy.”
Representatives of the story of South Dakota’s ethanol industry will be available for interviews at the press conference on Feb. 27 at 2:15 p.m. Present at the press conference will be corn producers, ethanol manufacturers, utility professionals, businesses that have grown because of the industry and employees who have returned to South Dakota for jobs the ethanol industry created in the state.