Watertown Investors Raise Over $750,000 to Help Local Entrepreneurs and Startup Companies

Watertown entrepreneurs have a new resource to help them take their concept
from dream to reality. The Watertown Development Company, in partnership with
the South Dakota Enterprise Institute (EI), is launching Kampeska Capital, LLC,
which will provide financial resources for local startup companies that exhibit
potential for growth and high economic impact.

“We’re very excited about Kampeska Capital, which is the first of its kind in
Watertown,” said Craig Atkins, President and Executive Director of the
Watertown Development Company, which is also one of the local investors in the

“Kampeska Capital allows us to provide Watertown entrepreneurs with startup
capital so they can secure additional funding and financial resources to get off
the ground,” Atkins said. “This fund fills a void and allows us to help small
businesses that we were not able to help before.”

Kampeska Capital, LLC is completely funded with local money from accredited
private investors in the Watertown area and will only be used for those
companies wanting to start in Watertown.

The South Dakota Enterprise Institute, a South Dakota non-profit entrepreneur
development company, organized Kampeska Capital and will help administer it.

“These funds—often referred to as angel funds—play an important role in the
financing chain of start-up companies in South Dakota,” said Enterprise Institute
executive director Tim Weelborg.

“Kampeska Capital is going to be a great tool for economic development in
Watertown and the visionary leadership and support of Craig Atkins, the
Watertown Development Company board and Don Roby at H20-20 are what
really made this angel fund a reality.”

The creation of Kampeska Capital is one of the action steps identified in the H20-
20 vision plan for Watertown. The successful launch of the Kampeska fund
means one more objective of the strategic vision will be implemented.

Ryan Boschee, co-chair of the H20-20 Vision Implementation Committee, says
Kampeska Capital will complement other forms of traditional financing and
provide more opportunities for local entrepreneurs.

“The launch of Kampeska Capital really exemplifies the progressive forward
thinking nature of the Watertown community.”

Boschee went on to say, “The WDC’s efforts in creating this angel fund provides
a solid foundation for implementing a key goal of the H20-20 vision plan’s goal of
Diversity of Employment Opportunities.”

Tom Eitreim, Angel Fund Manager at the Enterprise Institute says, “These angel
funds help to create new opportunities and broaden the entrepreneurial
ecosystem in South Dakota, something that is vital to the continued growth of our

To date, Watertown investors have contributed over $750,000 to the Kampeska
Capital fund but Atkins is hopeful they will raise over $1 million in the coming

Entrepreneurs in the Watertown area that need investment capital are
encouraged to apply by contacting the Watertown Development Company at
605.884.0340, Enterprise Institute at 605.697.5015 or the Small Business
Development Center at 605.882.5115.

Watertown to Have a South Dakota Certified Ready Site



PIERRE, S.D. – The Pheasant Ridge Industrial Park in Watertown has been approved
as a South Dakota Certified Ready Site, announced Pat Costello, Commissioner,
Governor’s Office of Economic Development (GOED).

“I couldn’t be more pleased that the Watertown Development Company took the
initiative to apply to have a South Dakota Certified Ready Site,” said Costello. “This
site will provide prospective buyers with well-packaged information making it
easier to pursue development at the Pheasant Ridge Industrial Park.”

The program launched in 2012 and has semi-annual application deadlines of May 1
and Nov. 1.

“We are extremely pleased by the recognition. Our success is the result of efforts
from many sectors in the community and the state,” said Craig Atkins, Executive
Director, Watertown Development Company. “We are a progressive community that
is serious about its economic growth. Solid economic development efforts such as
the site certification for Pheasant Ridge enhances our ability to provide reliable
information to site consultants and prospects so they know what they are getting –
the site is shovel ready and it provides the data required to help avoid costly issues.”

Ryan Boschee, Group President of Great Western Bank in Watertown and co-chair of
the H2O-20 vision group for Watertown added, “This is a huge win for the
community, and it moves us forward with one of the goals of the H2O-20 vision plan
to pursue site certification for primary development opportunities. This was done
through a lot of hard work from the Watertown Development Company and from
the community.”
“We want to thank the Governor’s Office of Economic Development for the
certification and putting Watertown in the best position possible to attract
prospective businesses in a very competitive market” noted Atkins.

The South Dakota Certified Ready Sites Program is an economic development tool
available to all counties, cities, townships, planning districts, business improvement
districts and economic development groups.

The South Dakota Certified Ready Sites Program is operated under the supervision
of the Governor’s Office of Economic Development (GOED) for the purpose of
providing consistent information on sites available throughout the state. For more
information on the South Dakota Certified Ready Sites program, visit

Safe & Attractive Neighborhoods & Business Districts Releases New Document


This is WHY, HOW and WHAT we want to look like in 2020…our part is Safe and Attractive Neighborhoods and Business Districts

There are 5 components to the H2O 2020 Vision:

•commitment to public education
•diversity of employment opportunities
•safe and attractive neighborhoods and business districts
•vibrant cultural and recreational amenities
•welcoming, family-friendly, and appealing to all ages
This document highlights each of these components.  Please share.

Community U Announces Spring Schedule


WATERTOWN, SD – Community U, a series of fun introductory classes, has released the spring schedule today with a wide variety of topics being offered to the public. Community U is a combined project of Lake Area Technical Institute, Watertown H2O-20, and the community of Watertown.

Community U classes for this session will begin Tuesday, February 4 and run through April. Most classes will be held on Tuesdays at 6:30 in the evening. Each class is an introduction to a skill, hobby or interest and is presented by local community members at area businesses.
Registration will take place through the Lake Area Tech website or interested students can call Lake Area Tech at 882-5284 ext 320.  The registration fee for each class is $5. For a complete description of the classes or to register, visit www.lakeareatech.edu and click on the Community U logo.   The next session of classes will begin fall of 2014.
See the full class schedule here:

2013 Holiday Yard of the Month Winners

Ward A - Dean & Dorette Clark at 1225  Cherry St NE (back view)Ward A - Dean & Dorette Clark at 1225 Cherry St NE (front view)

Ward A, Dean and Dorette Clark, 1225 Cherry St. NE, 882-3257

Ward B - Connie & Rosie Bridge at 1181 - 3rd St NW

Ward B, Connie and Rosie Bridge, 1181  3rd St. NW, 886-1075


Ward C - Randy & Lynn Sadergaski at 417 - 2nd St SE

Ward C, Randy and Lynn Sadergaski, 417 2nd St. SE, 882-0241


Ward D - Curtis & Sherry Crawford at 128 - 18th St NE

Ward D, Curtis and Sherry Crawford, 128  18th St. NE, 882-3423

Ward E - Matt & Amy Moyer - 434 - 29th St NW

Ward E, Matt and Amy Moyer, 434  29th St. NW, 868-9461

2013 Holiday Yard of the Month

Do you go above and beyond the Christmas Call of Duty?  Your efforts may soon be rewarded through the first-ever H2O-20 Keeping Watertown Beautiful annual “Holiday Yard of the Month” competition.

Keeping Watertown Beautiful began rewarding residents and businesses for their outstanding efforts to beautify their yard, in the summer of 2013.  It’s time now, to nominate your house or business, or your neighbor’s, for the first Holiday Yard of the Month.

To be considered for the award, a committee made up of volunteer master gardeners, citizens, and those who travel the city extensively will look to see if the property is well-decorated, festive, and attractive.  The property must have “passerby” appeal that shows the business/homeowner has Christmas spirit shared through their landscape and property decorations.

To nominate a yard for the Holiday Yard of the Month, you simply need to grab a piece of paper, fill out the form provided in the newspaper, or use a form provided at each of the nomination drop boxes.  The information needed to nominate a yard is: Name of the person(s) who owns the property, address of the property, Ward property is in, the nominee’s phone number, and e-mail (if known).  Citizens can nominate their own yard as well. Then simply drop the form into one of the conveniently located Yard of the Month drop boxes.  The drop boxes are located at County Fair Foods, HyVee, and the Watertown Regional Library. The deadline for submitting your nomination for Holiday Yard of the Month is December 11.

Winners of the Holiday Yard of the Month will receive a specially designed “Yard of the Month” sign placed in their front yard for one month, a certificate of recognition signed by the Mayor, acknowledgement on the City of Watertown website, H2O-20 Website and Facebook page and recognition in the local newspaper and radio stations.

H2O-20 Holiday Yard of the Month Nomination Form: