Strategy I:
Innovation & Entrepreneurship

GOAL:

Create high-paying jobs in the local economy by incubating, nurturing and growing local start-up companies

Objective 1 – Provide The Physical And Administrative Backbone To Facilitate Ideas To Market

  • Support the construction and governance of the new Innovation Center in the East of 5th District.

Objective 2 – Generate Momentum And Acceleration For Catalytic Growth

  • Provide seed money and equity positions for high growth potential applicants through the Incubator and Accelerator programs.
  • Support codes, highest and best uses, and incentives for the Rapid City Innovation District, as identified within the City’s new Downtown Master Plan.

Objective 3 – Strengthen And Assist The Engagement Of The School Of Mines And SURF

  • Embed the Honors program and Alumni portal within the business community.
  • Support tech transfer from academia/labs to generate knowledge jobs.