Mitchell earmarked for $1 million economic loan
SIOUX FALLS, S.D. (KELO) — Mitchell will get an expected $1 million boost from a USD loan and grant program to develop a new industrial park.
The Mitchell Area Development Corporation (MADC) said in a Friday news release it had received preliminary approval for the $1 million no interest loan.
Keeping Farmers Farming for generations to come
The loan is for 10-years, Mike Lauritsen, the CEO of MADC said in the release.
The industrial park will be located in the city's southwestern corner. MADC has already signed a purchase agreement, according to the new release. Construction of paved roads, water and sewer lines, and an electrical network is set to start yet this year.
The loan and industrial park are part of an overall plan to grow the city, Lauritsen said in the release. MADC its partners has had success with a program that offers and incentive for families to move to Mitchell. MADC is also working to add 100 new homes to the community.
The city of Mitchell is doubling water capacity by 2027 and tripling sewer capacity by 2026 in anticipation of growth, according to the news release.
Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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These systems play a crucial role in ensuring the safe and efficient operation of gas-powered equipment, ranging from residential heaters and stoves to large-scale industrial machinery. Market Segmentation and Key Components By Product Type The market comprises a range of components, with Ignition Control Modules leading the segment by accounting for around 30% of total market share. These modules are essential in ensuring precise timing and safety during ignition processes, especially in modern gas appliances. The ongoing transition toward smart home ecosystems continues to elevate the demand for these intelligent modules. Gas Flame Sensors, which detect the presence or absence of flame to prevent gas leaks or explosions, represent 25% of the market. Their usage is rapidly expanding as safety becomes a top priority, particularly in automated and industrial settings. Control Valves, responsible for regulating gas flow and pressure, hold a 20% share and are seeing growing interest due to innovations enhancing precision and sustainability. Ignition Transformers, with a 15% share, are primarily used in industrial applications and are critical for producing the high-voltage sparks needed for ignition. By Application In terms of application, residential heating systems dominate with nearly 40% of total usage. Consumers increasingly prefer energy-efficient and eco-friendly gas heating solutions, which has driven innovation in ignition controls tailored for home appliances. Commercial applications, including restaurants and food service equipment, account for around 30%, where high efficiency and compliance with health and safety codes are essential. Industrial usage holds approximately 20% of the market and focuses on heating and process control systems in manufacturing facilities. The segment benefits from automation and process reliability. Meanwhile, the automotive sector, though smaller at 10%, is gradually expanding as hybrid and natural gas vehicles become more prevalent and fuel systems evolve to meet emission standards. By End User and Technology Among end users, the residential sector leads in terms of market share, driven by the increasing adoption of gas-based heating and cooking systems in households. Commercial and industrial users follow closely, with growing emphasis on automation, safety, and operational efficiency. In terms of technology, innovations such as Electronic Ignition, Hot Surface Ignition, and Piezoelectric Ignition have transformed performance benchmarks, enabling real-time system responsiveness and safer ignition cycles. Browse full Report - Market Segmentation By Product Type: Ignition Control Modules Gas Flame Sensors Control Valves Ignition Transformers By Application: Residential Heating Commercial Appliances Industrial Processes Automotive By End User: Residential Commercial Industrial By Technology: Piezoelectric Ignition Electronic Ignition Hot Surface Ignition By Region: North America Latin America Europe Asia-Pacific Middle East & Africa Key Market Drivers The steady growth of the gas ignition control market can be attributed to several crucial factors. One of the foremost drivers is the increasing emphasis on safety. Whether in households or heavy industries, users are prioritizing systems that minimize the risk of gas leaks and explosions. Advanced ignition control mechanisms offer not only improved safety but also enhanced operational reliability. Secondly, the integration of smart technologies and IoT features is reshaping the market. 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