SIOUX FALLS, S.D. (KELO AM) - According to a report from George Mason University, the apartment industry in South Dakota had an economic impact of over $2 billion dollars in 2011. The Executive Director of the South Dakota Multi Housing Association of South Dakota, Dan Siefken, says the multi housing industry spent $47 million statewide on apartment construction. Siefken says that generated almost $80 million dollars in supporting 785 jobs. And South Dakota's over 75,000 apartment residents spent almost $870,000 on goods and service creating an impact of $1.8 billion dollars supporting 47,000 jobs. Siefkin says the eye-opening report show just how important apartments and their residents are to South Dakota's economy.
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