Manufacturer creates new jobs with move to Elk Point
A company's move to Elk Point created six new jobs, with the potential of additional positions opening in the next two to three years.
SmithCo Manufacturing, a manufacturer of side dump trailers, announced today that the company will relocate its corporate headquarters to Elk Point from Le Mars, Iowa.
"SmithCo Manufacturing is at the leading edge of trailer technology," Gov. Dennis Daugaard said. "I am confident the transition to Elk Point will be a positive move for the company and will result in future economic growth for the community, state and SmithCo."
The company is wrapping up the construction of their new space. The South Dakota Governor's Office of Economic Development is providing low interest loan assistance for the building costs of the new corporate headquarter space.
"Our company has a strong working relationship with Le Mars and the State of Iowa, and has every intention of maintaining the bulk of our manufacturing in the state where SmithCo started, but from a corporate office perspective, South Dakota was our best option," Greg Smith, SmithCo president said. "Our new corporate headquarters will have a dual purpose, also serving as a new sales outpost for SmithCo in South Dakota. This is something our customers wanted and we're responding to them."