RAPID CITY, S.D. — With support from state leaders and business communities across South Dakota, a new public-private initiative is helping the state broaden its presence on the international stage.
South Dakota Trade (SDT), established in 2023 through efforts led by the Governor’s Office of Economic Development and business advocates in Rapid City, Sioux Falls and beyond, is focused on growing the state’s role in global commerce. The organization has already supported more than $10 million in new international sales for South Dakota companies in its first two years.
“Our mission is simple but significant—to help South Dakota businesses navigate international trade,” said Jesse Fonkert, President and CEO of South Dakota Trade.
International trade makes up approximately 10% of South Dakota’s gross domestic product and supports more than 20,000 jobs statewide. SDT was selected shortly after its formation as the official administrator of the State Trade Expansion Program (STEP) Grant, backed by the U.S. Small Business Administration and the State of South Dakota. Its initial grant round produced a 28-to-1 return on investment, with two more rounds launched since.
While agriculture remains a major strength—South Dakota ranks second nationally in per-capita agricultural exports—leaders at SDT are pushing to expand non-agricultural exports, where the state currently ranks 47th.
“We’re not only doubling down on agriculture but also building out our manufacturing and service exports,” said Fonkert.
This year, SDT has increased its global engagement through business-focused trade missions. In June, a delegation led by Governor Larry Rhoden returned from Israel, following up on a 2024 visit. A second mission is set for August, with stops in Ireland and the United Kingdom. Businesses interested in joining may contact Kallie Ruland at [email protected]. STEP grant funding may be available to assist participants.
With strong momentum and support from both government and private sectors, South Dakota is positioning itself as a growing force in international trade, driven in part by the leadership and innovation emerging from Rapid City and the Black Hills region.
