You are browsing the archive for northern beef packers.

Rounds says he was aware of $30M loan but not involved in the details

October 15, 2014 in Uncategorized

Former Gov. Mike Rounds said he was generally aware that $30 million in financing was being lined up for a faltering Northern Beef Packers in 2010, but also said he was not directly involved in the deal.

During an interview conducted in March 2014…continue reading on

Northern Beef’s $30M loan hinged on $10 million in state funds, no taxes

October 15, 2014 in Uncategorized

When a $30 million loan from unidentified off-shore funds was put together for Aberdeen’s Northern Beef Packers in 2010, part of the deal was a requirement that the state of South Dakota promised to kick in an additional $10 million.

On page 51 of…continue reading on

A guide to the EB-5 program investigation in SD

August 27, 2014 in Uncategorized

Republican and Democratic lawmakers hope to delve deeper into the scandal involving an investment-for-green-card program at the Sept. 24 Government Operations and Audit Committee meeting in Pierre. Here’s a look at key elements of the investigations …continue reading on

New CEO of idled Aberdeen beef plant optimistic

August 17, 2014 in Uncategorized

ABERDEEN (AP) — The man in charge of resurrecting a scandal-marred beef plant that has sat idle since 2012 is optimistic about the Aberdeen facility’s future.

Doug Cooper, CEO of the renamed New Angus plant, said he is working on a five-year p…continue reading on

Jackley to brief lawmakers on economic probe

July 29, 2014 in Uncategorized

PIERRE (AP) — Attorney General Marty Jackley plans to brief lawmakers Tuesday on his investigation into potential financial misconduct at the Governor’s Office of Economic Development.

He’ll address the South Dakota Government Operations and A…continue reading on

State help for Northern Beef was about $4.3M

April 16, 2014 in Uncategorized

By Dirk Lammers

SIOUX FALLS (AP) — U.S. Senate candidates talking about the idled Northern Beef Packers plant in northeast South Dakota have tossed out figures for taxpayer losses ranging from nothing to $80 million, but a breakdown from state…continue reading on

GOP candidates: Northern Beef/EB-5 will be campaign issue

April 11, 2014 in Uncategorized

The finances and bankruptcy of Northern Beef Packers in Aberdeen will be an issue in South Dakota’s crowded Republican U.S. Senate primary, the candidates say.


Former Gov. Mike Rounds holds a commanding lead in early opinion polls and f…continue reading on

Before Northern Beef built, key state program turned for-profit

April 8, 2014 in Uncategorized

A state economic development office’s spin-off into a for-profit company is under the microscope as lawmakers vow to look further into the state’s role in financing the bankrupt Northern Beef Packers.

The for-profit company, created in January 200…continue reading on

GOED investigations lead state government to enact further fraud protections

March 17, 2014 in Uncategorized

PIERRE — People applying for some positions in the Governor’s Office of Economic Development would need to pay for criminal background checks under a new requirement approved by Legislature.

That change, which awaits a decision from the governor…continue reading on

SD lawmakers begin look at economic development programs

March 7, 2014 in Uncategorized

PIERRE (AP) — A South Dakota legislative panel is holding its first hearing on the state’s economic development agency and its involvement in issues related to a failed beef packing plant.

The Government Operations and Audit Committee will rev…continue reading on

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