082917_YKMV_A9.pdf








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August 29, 2017 • Page 9
USDA Invests In Rural
Electric Infrastructure
WASHINGTON – Assistant to the
Secretary for Rural Development
Anne Hazlett has announced that
USDA is providing loans to help cooperatives and utilities in 10 states
improve and expand rural electric
infrastructure.
“Investing in electric infrastructure is critical to the success of businesses, residents and farmers in our
small towns and rural areas,” Hazlett
said. “These loans will help provide
reliable electricity to rural areas in
more efficient and sustainable ways
than ever before.”
The loans are being provided
through USDA Rural Development’s
Electric Program. They will support
the construction and improvement
of nearly 1,200 miles of transmission and distribution line in rural
parts of Idaho, Kentucky, Minnesota,
Missouri, Montana, North Dakota,
Oklahoma, South Dakota, Virginia
and Wyoming.
Electric Program loans can
make a significant difference in
rural areas. In 2015, for example,
the Jackson Electric Membership
Corporation in Jefferson, Georgia,
used a $140 million loan to facilitate
the expansion of the Kubota Manufacturing Plant of America’s facility
in Gainesville, Georgia. The improve-
ments that USDA financed for
Jackson’s Hagan Creek substation
brought 650 jobs to Hall County.
Kubota makes lawn and garden
mowers and tractors, and tractor
implements such as backhoes and
front loaders.
In 2014, North Carolina’s Roanoke Electric Membership Corporation used a $6 million loan to help its
customers make energy efficiency
improvements. The customers
reduced their energy usage by 20
percent on average.
USDA is providing more than
$200 million in infrastructure loans
in today’s announcement. This
includes $12 million for smart grid
technologies. Smart grid increases
the reliability and efficiency of electric power by helping utilities better
manage power needs and supply
and improve operational efficiencies. It includes metering, substation
automation, computer applications,
two-way communications, geospatial information systems and other
improvements.
The loan recipients in South
Dakota are:
• Butte Electric Cooperative – $12
million to build and improve 154
miles of line and make other system
improvements. The loan includes
$83,719 for smart grid projects.
• Oahe Electric Cooperative –
$5.9 million to build and improve 47
miles of line and make other system
improvements. The loan includes
$128,046 for smart grid projects.
• H-D Electric Cooperative – $3.6
million to build a new headquarters
facility, including an office and warehouse to better serve members in
South Dakota and Minnesota.
USDA’s Electric Program is the
successor to the Rural Electrification Administration. It makes loans
and loan guarantees to nonprofit
and cooperative associations, public
bodies and other utilities to help
finance the construction of electric
distribution and generation facilities
in rural areas.
USDA Rural Development
provides loans and grants to help
expand economic opportunities
and create jobs in rural areas. This
assistance supports infrastructure
improvements; business development; homeownership; community
services such as schools, public
safety and health care; and highspeed internet access in rural areas.
For more information, visit www.
rd.usda.gov.
State Treasurer To
Return to State Fair
The State Treasurer’s Unclaimed Property Division will
set up a booth at State Fair to return unclaimed property to
the rightful owners. They will be located in the Expo Building on the fairgrounds from 9 a.m. to 8 p.m. Aug. 31 through
Sept. 3, and 9 a.m. to 6 p.m. on Monday, Sept. 4.
Unclaimed property refers to accounts in financial institutions, businesses and government agencies that have had
no activity for three years or longer.
Currently, the Unclaimed Property Division is holding
over $379 million in unclaimed funds. This year alone we
have already given back over $27 million. The state holds
the money in a custodial capacity until the money can be
returned to the rightful owners.
“Our goal is to put money back into the hands of South
Dakotans,” Treasurer Rich Sattgast said. “That money
ultimately makes its way into our economy which is good
for our state.”
To check for unclaimed property, visit www.sdtreasurer.
gov or call the unclaimed property hotline at 1-866-357-2547
to talk to an unclaimed property representative directly.
YOUR VOICE WILL
BE HEARD
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Beacom College At
DSU A Step Forward
For South Dakota
By Gov. Dennis Daugaard
South Dakota is full of “hidden gems.” One secret we’ve
kept too well is Dakota State University. DSU is one of the
nation’s leading schools for cybersecurity, and it is rising to
a new level of excellence.
Earlier this month, I went to Madison for a ribbon cutting for the Beacom Institute of Technology. This new facility at Dakota State was built through the generosity of Miles
and Lisa Beacom and T. Denny Sanford, and it will house
several of DSU’s cutting-edge programs.
The day brought another surprise, however: a second
gift from Sanford and the Beacoms. Their surprise $30
million pledge will newly name the Beacom College of
Computer and Cyber Sciences. The state will contribute an
additional $10 million, and DSU has agreed to leverage the
gift for $20 million in federal support. All told, this will create a $60 million impact on DSU.
The Beacom College will build on Dakota State’s record
of excellence. DSU already holds four prestigious Center of
Excellence designations from the National Security Agency
and the Department of Homeland Security, including the
most technical (for Cyber Operations) and the most prestigious (as a Cyber Defense Consultative Regional Resource
Center). Dakota State is one of only four universities in the
nation to have this latter distinction – and one of only two
universities in the country with four or more designations.
Now Beacom College at DSU will rise to a new level.
With this new gift, the university will break ground next
spring on “MadLabs,” a Sensitive Compartmented Information Facility that allows students and faculty to work upon
confidential and proprietary information without leaving
campus. This significant gift will also fund student scholarships and support for additional faculty and staff.
South Dakota’s young people, and their parents, need to
know that they do not need to leave our state to receive a
world-class education in the high-need, high-tech fields of
computer and cyber sciences. U.S. Sen. Mike Rounds, who
is the chairman of the Senate Armed Services Subcommittee on Cybersecurity, played an important role in planning
for last Sunday’s surprise. As he explained that day, cybersecurity is perhaps the most significant national security
issue facing our nation, and these skills are in high demand
in government and in the private sector.
The Beacom College will create new opportunities for
our young people, and new employers will be attracted to
hire employees with old-fashioned South Dakota work ethic
combined with world-class cybersecurity training.
It was over 30 years ago that Gov. Bill Janklow proposed
converting Dakota State from a normal school to a “computer school.” It was a visionary change to make in 1984.
Now, the Beacom College of Computer and Cyber Sciences
is taking another huge step forward, thanks to the vision of
Denny Sanford, Miles and Lisa Beacom, Dakota State President José-Marie Griffiths, and many other South Dakota
leaders. It’s time we set aside our South Dakota humility,
and express our pride about this “hidden gem.”
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