Sioux Falls Business Roundup: Key Developments in Local Economy
The Sioux Falls area economy is experiencing significant growth. Many new business developments are currently underway. This report provides a concise overview of recent local commerce news. It highlights key changes in retail, finance, and healthcare sectors.
Hy-Vee Unveils Innovative “Wall to Wall” Store
Hy-Vee has opened an advanced new grocery store. It is located at 61st Street and Louise Avenue in Sioux Falls. This store features a unique “Wall to Wall” concept. It offers an expanded range of fresh food departments. Shoppers can find diverse options, including fresh sushi, made-to-order pizza, and an extensive bakery. A dedicated health market area provides wellness products. A registered dietitian is on staff for expert advice. The store also includes a Starbucks, a full-service pharmacy, and a Market Grille Express.
MetaBank Rebrands to Pathward
Meta Financial Group is undergoing a major rebranding initiative. The company will now be known as Pathward. This change applies to the bank, its holding company, and all subsidiaries. The new name will officially take effect in the first quarter of 2023. This rebranding reflects a renewed company mission. Pathward aims to foster financial inclusion. It seeks to provide clear pathways to financial well-being for its customers.
Sanford Health and Intermountain Healthcare Merger Plans End
Sanford Health and Intermountain Healthcare previously discussed a potential merger. However, these discussions have now concluded. Both healthcare organizations mutually decided not to proceed. They cited “unforeseen challenges” as a key factor. Changing economic landscapes also influenced the decision. The organizations released separate statements confirming the outcome.
Avera Health and Orthopedic Institute Partner on New Facility
Avera Health and the Orthopedic Institute are collaborating on a new project. They are jointly constructing a new medical office building. This facility will be located in Harrisburg. It is designed to house clinics for both partnering organizations. In addition, it will offer comprehensive rehabilitation services. Completion of the new building is anticipated between late 2023 and early 2024.
Sioux Falls Retail and Restaurant Expansion Continues
The Sioux Falls retail and restaurant landscape continues to expand. The Original Pancake House plans a second location. It will open near 69th Street and Western Avenue. Dunkin’ has secured a construction permit for a new store. This new site will be on Arrowhead Parkway. Meanwhile, Dutch Bros Coffee is building its third area location. It is situated at 26th Street and Sycamore Avenue. Costco Gas Station is also expanding its fuel pumps. This upgrade is at its Marion Road location. Jersey Mike’s Subs will add a third Sioux Falls location. It will be positioned on Minnesota Avenue. Furthermore, Nothing Bundt Cakes has opened a new store at Empire Place. Giliberto’s Mexican Taco Shop is also expanding. It will open a second restaurant on West 41st Street. In industrial news, Sturdevant’s Auto Parts is growing. They are constructing a 13,000-square-foot facility. This new build is within the Foundation Park industrial complex.
Outlook for Sioux Falls Business
The Sioux Falls economy remains robust and dynamic. Numerous businesses are making significant investments. This sustained growth provides more choices for residents. The area continues to demonstrate strong economic development and investment.
