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Tru Shrimp Spending South Dakota Corporate Welfare in Minnesota

Eager reader Eve Fisher notes that there’s every kind of shrimp: lemon shrimp, coconut shrimp, pepper shrimp, pork shrimp, skinned shrimp, Minnesota Tric Shrimp

State and local officials committed $6.5 million in taxpayer dollars for a low-interest loan for the Tru Shrimp project this winter, including $5.5 million directly from the governor’s Future Fund. Weeks after the Future Fund money was approved, Tru Shrimp announced it was building in Madison and moving away from previous plans to build its first plant in Luverne, Minnesota.

Money from state and local agencies, however, has not been enough to justify starting. It will help Tru Shrimp prepare for the Madison site, and is being used to help cover research and development costs at Tru Shrimp’s Balaton, Minnesota-based facility, Brink-Thordson said [Patrick Anderson, “Tru Shrimp Plans Delayed in Madison, But Company Says it Remains Committed,” that Sioux Falls paper, 2019.06.25].

Read that carefully, friends and fellow South Dakota taxpayers. “Tru” (ah, that’s why they left off the e, to avoid false advertising charges) Shrimp not only hasn’t followed through with its promise to build a shrimp factory in Madison this summer, but it also has found a way to collect South Dakota tax dollars and pump them directly into the Minnesota economy.

Governor Tim Walz must be laughing.

5 Comments

  1. 96Tears 2019-07-02 12:04

    Let’s hope Governor Walz sends a “thank you” note to Kristi.

  2. Debbo 2019-07-02 15:31

    Tru Scammers.

  3. Eve Fisher 2019-07-02 16:07

    Thanks, Cory. Hope to have more information on this one soon. Think road trip.

  4. Jenny 2019-07-02 16:33

    Hasn’t this happened In SD Before? Wasn’t there some kind Pizza factory That was going to set up shop in Howard And then they never showed up? If I recall this happened in the 90s and there was a new building built in Howard for this company but it fell through So the building just sat vacant. Can you recall this Cory or one of your readers from out that way?

  5. Buckobear 2019-07-02 20:07

    Wonder who will die in a “hunting accident?”

Comments are closed.