Colton Economic Development Group receives $15K from Sioux Valley Energy

Sioux Valley Energy presents $15,000 inaugural investment to the Colton Economic Development Group. Pictured left to right are: Seth Sando, City of Colton Finance Officer; Brandon Lane, Sioux Valley Energy; Charles (Chaz) Foster, Colton City Councilor; Jay Buchholz, Sioux Valley Energy; Trevor Bunde, City of Colton Mayor, Tim McCarthy, Sioux Valley Energy; Monte Koopman, Vice President of Colton Economic Development Group; Jesse Fonkert, Sioux Metro Growth Alliance President & CEO; Roger Burgers, Member of Colton Economic Development Group; Jerrit Pedersen: City of Colton Superintendent of Public Works. /Sioux Valley Energy

One area community has formed an economic development group thanks to an investment from Sioux Valley Energy. The City of Colton formed the group with 15-thousand dollars in funding from Sioux Valley Energy’s REVIVE 2030 program. The program is designed to partner with local communities to assist with growth and development.

Colton Mayor Trevor Bunde said this type of early financial boost will make a big difference as the city begins to develop land for the Geraets Addition. The first phase of the housing development includes 70 acres and 49 homes.

Sioux Valley Energy CEO, Tim McCarthy, said that this financial investment is also in partnership with other organizations like Sioux Metro Growth Alliance.

“Successful economic development requires strong partnerships. Sioux Valley Energy has demonstrated this time after time with the support they offer their members and communities. We’re excited to support the work of the Colton Economic Development Group and know this gift will be well utilized,” said Jesse Fonkert, President & CEO of Sioux Metro Growth Alliance.

Communities within the Sioux Valley Energy service territory footprint are invited to take part in the Cooperative’s REVIVE 2030 program.

For more information, call Brandon Lane or Jay Buchholz at 800-234-1960.

January 12, 2023