Rookie Watertown city councilman and Kristi Noem’s son-in-law Kyle Peters is living up to his in-laws’ family name, helping businesses secure government favors. Bob Mercer reports that Peters lobbied for a rail loan that will boost Huron’s Advanced Sunflower make more money:
The $401,085 loan will help pay for the construction of a new railroad siding where Advanced Sunflower plans to load edible products into boxcars and hopper cars.
The state board made the loan to East Central Regional Railroad Authority. Terms are 2% interest for 20 years, with a balloon payment due in seven years, which have been standard on other rail loans. The siding would be owned by Rapid City, Pierre & Eastern Railroad.
Speaking in support of the loan request Wednesday were Danny Dale, Advanced Sunflower’s chief executive officer, as well as East Central chair Jeff Tschetter and Kyle Peters from A1 Development Solutions, a consultant on the project.
Peters had also spoken on Advanced Sunflower’s behalf during the state board’s August 16 meeting. He is the husband of Governor Kristi Noem’s oldest daughter, Kassidy. The governor appoints the state Railroad Board’s members [Bob Mercer, “Helped by Noem Son-in-Law, Huron Project Gets State Loan,” KELO-TV, 2023.09.20].
There may be a conflict of values between the professed capitalist values of the Noem–Peters family and their advocacy of socialist assistance in the marketplace, but there’s absolutely no conflict of interest, says Peters, who makes his money with former members of state government helping businesses get money from the state government that his mother-in-law runs:
A1 Development Solutions was founded in 2017 by Paul Kostbooth of Sioux Falls, who had been a division director in the state Department of Agriculture, and Mark Mickelson, a Sioux Falls businessman and attorney who at that time presided as speaker in the state House of Representatives.
KELOLAND News asked Peters and the governor’s communications director whether Peters’ involvement in the Advanced Sunflowers loan request was a conflict of interest.
“There is no conflict of interest as A1 is a third-party consultant to Advanced Sunflower,” Peters said. “A1 is not receiving any funds from the state of South Dakota nor are we receiving compensation tied to these funds in any way.”
“The governor’s office will not be commenting on this matter,” Ian Fury, the governor’s communications director, said [Mercer, 2023.09.20].
If you need a loan to float your business boat, call Kyle Peters, the Governor’s son-in-law, today! For the right consulting fee, he’ll make sure his mother-in-law’s appointees approve all the socialist assistance for your capitalist enterprise that he can!