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Is Shrimp Delayed, Shrimp Denied? A Minnesota/South Dakota shrimp farm has big plans and a few orders, but no funds to build. In January 2019, South Dakota Gov. Dennis Daugaard made big news in Minnesota: Balaton, Minnesota-based Tru Shrimp Co. relocated its planned site to build an indoor shrimp farm from Luverne, Minnesota, to Madison, South Dakota. At the time, CEO Michael Ziebell said that the company’s decision was driven by timing: They could start building sooner in South Dakota. There was also the incentive of $6.5 million in low-interest loans from South Dakota. The concept called for construction that summer. But more than two years later, nothing has been built, and it remains unclear when construction might start. The $500 million facility has been scaled back significantly. Tru Shrimp is now working to raise $70 million in equity and debt. As of early March, it had raised $5 million. ....
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truShrimp 're-energizing' their investor drive for Madison facility | KQSF FM Q95.7 The Most Music q957.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from q957.com Daily Mail and Mail on Sunday newspapers.
truShrimp Project Downscaled For New Investor Push wnax.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wnax.com Daily Mail and Mail on Sunday newspapers.