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Smithfield Foods will relocate its pork-packing plant from downtown Sioux Falls to Foundation Park, starting construction in 2027. The investment exceeds $1 billion, with no direct state funding. GOED provided $12 million for land and infrastructure preparation.

The move is expected to create more jobs and utilize advanced technology. The project aligns with South Dakota's 2024 foreign ownership law, permitting operations by foreign entities under specific conditions.