CIF Loan Helps Bring European Technology to Rural South Dakota Zorba is coming to Beresford, SD. Tons and tons of zorba. The word might not mean anything to you now, but it will mean big things for Beresford in the future. Zorba is recognized as “a mix of shredded and pre-treated non-ferrous scrap metals.” This is generally the stuff you find in landfills and junk yards. By next spring, an innovative recycling/sorting company in Beresford—one of the first of its kind in the United States—will be sorting through shipments of zorba to separate out small particles of copper, lead, brass, magnesium, nickel, tin, zinc and precious metals for re-use in new materials. The company, operating as Dakota Metals, chose the rural community of just over 2,000 people after visiting several locations in Iowa, Minnesota and Nebraska. The facility will add up to fifty full-time jobs to the area. “Anytime a small town has an opportunity to bring in a facility like this, it’s exciting,” said Beresford City Administrator Jerry Zeimetz. “To be one of the first places in the United States to offer this type of technology is really special. They told us the business climate of South
Dakota, the vitality of our community and the package we brought to the table helped them make the decision to call Beresford home.” Dakota Resources is proud to be part of that package, as the City of Beresford utilized a $570,000 Capital Investment Fund loan to help in the construction of Dakota Metals’ new 39,000 square foot sorting facility. The building will be built on 8.5 acres of land in the industrial park, with an opportunity to expand another 39,000 square feet in the future. The flexible, low-interest loan was the first CIF loan used by the City. “We heard about Dakota Resources and the Capital Investment Fund through the Governor’s Office of Economic Development (GOED) and through knowing Beth Davis,” said Zeimetz. “We didn’t have a need to borrow money before this opportunity, but when the time came, we knew who to call.” Once the facility is built, it will house Magnetic Density Separation (MDS) technology purchased from Liquisort,™ a company in the Netherlands. The technology is extremely environmentally-friendly, with low C02 emissions, zero waste and high purity production. “It was exciting to be part of an expansion of this nature and to see multiple entities within the state come together to create opportunities for the community of Beresford,” said Jay Headley of Dakota Resources. “My interactions with leaders within the community and the passion they have for their work show me that Beresford has a lot to be proud of and a bright future in front of it.” Several sources aided the project, including a Reinvestment Payment from the GOED, funding from Dakota Business Finance and the Small Business Administration. Reprinted with permission of Dakota Resources.
ARENS ENGINEERING municipal engineering water & wastewater engineering storm drainage - municipal streets Vernon Arens, PE 230 Capitol St. j Yankton, SD j 57078 605-665-2002 j Fax 605-260-2140 arenseng@iw.net
JANUARY 2016
31
