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South Dakota Board of Technical Education Report May 2026

Wells Fargo Funds STC Wells Fargo Homebuilding Lab

$2 millionLake Area Technical CollegeWELLS FARGOMay 1, 2026

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Description

Wells Fargo awarded a $2 million grant to Southeast Technical College to build the Wells Fargo Homebuilding Lab, scheduled to open in spring 2027. The new facility will give students hands-on construction experience while supporting affordable housing in Sioux Falls.

Contract Details

Contract Amount

$2 million

Vendor

WELLS FARGO

Agency

Lake Area Technical College, SD

Contract Type

OTHER

Document Date

May 1, 2026

Contract Term

Grant supporting construction of Wells Fargo Homebuilding Lab, facility set to open spring 2027

Renewal Info

Capital grant for facility construction; no renewal provisions mentioned.

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