Timeline

History of Elevate Rapid City

1886

Rapid City Chamber of Commerce is founded.

Rapid City Economic Development Foundation is Founded

Rapid City Economic Development Foundation is founded to act as a vehicle for the development of the Rushmore Industrial Park receiving federal funds earmarked rebuilding infrastructure and expanding real estate opportunities after the flood of 1972.

Rapid City Economic Development Partnership is Founded

Rapid City Economic Development Partnership is founded to improve the efforts of the Foundation and address retention and expansion of industry.

Rapid City Economic Development Loan Fund is Created

1998

Expansion of the Rushmore Business Park

Black Hills Business Development Center Opens

Black Hills Business Development Center opens on South Dakota School of Mines & Technology campus

First formal tenant occupies office space at Black Hills Business Development Center: Evans & Sutherland R&D.

February

Black Hills Regional Angel Fund, LLC launches.

Chamber of Commerce Board Focus Group concludes a streamlined economic development effort is needed.

Representatives from the Chamber of Commerce and Rapid City Economic Development Partnership boards discussed the possibilities of an aligned economic development effort.

January
Chamber of Commerce board approved the creation of a new independent organization via a joint venture agreement with the Rapid City Economic Development Partnership.

April
Branding and campaign development for Elevate Rapid City begins.

September
Strategic vision for Elevate Rapid City and 5-year goals established.

November 2017

108 E. Main St.

Rapid City Foundation’s acquisition of property at 108 E. Main St. from City approval.

March
Strategic vision for Elevate Rapid City and 5-year goals established.

April
Elevate Rapid City goes Public.

October
Economic Development Partnership and Economic Development Foundation boards vote to merge under Elevate Rapid City.

June 2018

Ascent Innovation

Black Hills Business Development Center re-brands to Ascent Innovation

April
Chamber of Commerce, Economic Development Partnership, and Elevate Rapid City merge to one organization.

September
Tom Johnson hired as Elevate Rapid City President & CEO

October
Groundbreaking of Ascent Innovation Campus

March
Elevate Rapid City creates Emergency Bridge Loan Program in response to COVID-19; Inaugural issue of Elevate Magazine is released.