FINANCIAL_SERVICESAPPROVED

City of Sioux Falls Awards Financial Services Contract to Smithfield Package Meats Corp (March 2026)

The Sioux Falls City Council approved a Development Agreement with Smithfield Package Meats Corp. for up to $89,900,072 in Tax Increment Financing to support eligible expenses for the new Foundation Park project. The ordinance enables reimbursement per the Project Plan and SD Codified Law.

Status
APPROVED
Document date
March 15, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Smithfield Package Meats Corp
Agency
City of Sioux Falls · SD

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
up to $89,900,072
Contract type
FINANCIAL_SERVICES
Renewal
Reimbursement is limited to the stated not-to-exceed amount under the Project Plan and law; any amendments would require further council approval.
Document type
Agenda
Source document
City of Sioux Falls City Council Meeting Agenda March 2026

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Sioux Falls?

Smithfield Package Meats Corp was awarded this financial services contract by City of Sioux Falls, as recorded on March 15, 2026. The contract value is up to $89,900,072.

How much is the Smithfield Package Meats Corp contract with City of Sioux Falls worth?

The Smithfield Package Meats Corp contract with City of Sioux Falls is valued at up to $89,900,072, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record.

Where was this contract approved?

This contract appears in City of Sioux Falls City Council Meeting Agenda March 2026 (Agenda), dated March 15, 2026 from City of Sioux Falls. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Smithfield Package Meats Corp hold?

Smithfield Package Meats Corp may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Smithfield Package Meats Corp's profile

What is City of Sioux Falls currently buying?

Explore City of Sioux Falls's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View City of Sioux Falls's profile

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