Two Rapid City organizations rally to pass a law - KOTA Territory News

Two Rapid City organizations rally to pass a law

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Two Rapid City organizations rally together to endorse the passage of a South Dakota referred law.

The Rapid City Area Chamber of Commerce Board of Directors and the Rapid City Economic Development Partnership collaborate to pass referred law 14.

If passed, the law would take 22% of contractor's excise tax revenue and transfer it from the state general fund to a large project development fund. The fund would be used to provide grants for the construction of large economic development projects, such as such as laboratories and manufacturing facilities.

The partnering organizations say the law will attract more business to South Dakota, but not everyone is in agreement.

"We can't afford cooperate giveaways we've got to keep our money at home, educate our kids, take care of our seniors, if we were flush we could be giving money away," said Democratic Party Chairman Mike Wilson. "We don't have that money to give away."

Wilson says it's the opposite of what Robin Hood would do. He says it takes money from the many and gives to the few.

But the Rapid City Area Chamber of Commerce Board of Directors and the Rapid City Economic Development Partnership say big business would have other benefits. "We use economic growth to create great jobs, and careers to add to our tax base which provides funding for schools and communities and law enforcement and diversify and strengthen South Dakota's economy." said Chamber of Commerce and Industry President David Owen

Referred law 14 is up for vote on November 6th.

 

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