2019 culminated in an unprecedented decade of growth for the Spearfish community.
Last year, 356 building permits were issued with a total valuation exceeding $36.7 million. Since 2010, Spearfish added nearly $400 million in building valuation — their biggest decade ever. During the last five years, average annual growth was more than $45 million, representing the most robust and consistent five-year period in the city’s history.
2019 saw record-breaking growth in municipal sales tax revenues. Added to that was a record $705,000 in hospitality tax collections, marking the first year the city has topped $700,000.
2019 was also an exciting year for the Spearfish Business Park and the SEDC-managed Atlas Building with expansions from Interstate Engineering and ONEOK, as well as the arrival of Black Hills Moto to the Spearfish community.
In 2020, SEDC will remain increasingly focused on growing a diverse local economy, facilitating private sector investment, creating quality jobs and achieving the objectives outlined in the newly updated SEDC Strategic Plan. The future looks bright for Spearfish and the entire Black Hills area.