Fosheim joins LAIC as Executive Director

PRESS RELEASE Members of the media requesting more information should contact the LAIC office.

The Lake Area Improvement Corporation is happy to announce the position of executive director will be filled by Eric Fosheim. He will begin his duties Feb. 25.

Fosheim is a graduate of the University of South Dakota with a Bachelor of Science degree in Business Management. Although he began his career in the banking industry, he has worked for the state of South Dakota in economic development since 2015, holding positions in the Governor’s Office of Economic Development and the Department of Agriculture.

“The LAIC board is looking forward to welcoming Eric as our new executive director," said Mike Malone, LAIC President. "We are confident his broad experiences will ensure he hits the ground running. The LAIC board is excited for him to start, expand on his existing local relationships, and become part of our community.”

Fosheim said that while working for the state, he was impressed with Madison, the community’s emphasis on economic development and the number of people involved in helping to build a strong community through economic development. The industrial park and infrastructure already in place are among the projects which enticed him.

“The reputation of Madison’s business-friendly climate and positive community connections are what convinced me to be a part of the team for Madison’s future growth,” he said.

Fosheim's primary focus at the state has been on working with existing companies that were considering expansion and with recruiting new production and manufacturing jobs. Among the projects he has been involved in are Novita, an animal protein nutrition company in Aurora, Glacial Lakes Rubber and Plastics in Watertown, and the Hendrix Genetics commercial turkey hatchery in Beresford.

Because cultivating relationships is an important part of his approach to economic development, Fosheim is looking forward to “working at the local level, working with a board and having that local support. We can take advantage of those things Madison has in place.”

Like his predecessors, Fosheim said housing will be a priority in his new role, for both the growing workforce and for students.

“With the growth that is happening in Madison, I see real opportunities for developers,” he said.

He also said that workforce development is going to be important, especially with the growth plans of Dakota State University as well as truShrimp’s Madison Bay Harbor.

“I look forward to working closely with DSU to retain some of the talented student body and grow the technology business sector in Madison. Workforce development is crucial to a growing community and focusing on the needs projected by the local businesses as well as new business, will be an important focus,” said Fosheim.

Fosheim and his wife Jane have a three-year-old daughter and are adopting a son who is due in late March.

LAIC is a non-profit economic development organization dedicated to the growth and prosperity of Madison and the communities that reside within Lake County.

Lake Area Improvement Corporation is an equal opportunity provider, lender and employer.

Lake Area Improvement Corporation © 2019. Developed by Intuvio Solutions.

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