Wednesday,  Sept. 18, 2013 • Vol. 15--No. 65 • 22 of 42

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Corps pays back Sioux Falls $10 million for levees

• SIOUX FALLS, S.D. (AP) -- Ten years after work started on the Sioux Falls levee system, the city's getting about $10 million from the U.S. Army Corps of Engineers.
• The public works director says the project was a partnership between the city and corps.
• To ensure it was completed, the city advanced the money in 2009 after several years of little federal funding and changes to the city's flood insurance rate maps. The corps now has received money to reimburse the city for that advancement.

South Dakota's poverty rate below national average

• SIOUX FALLS, S.D. (AP) -- New Census figures show that South Dakota's poverty rate is below the national average.
• About 12.8 percent of the state's residents were below the poverty line in 2012, which is the 32nd-highest rate among states and lower than the national average of 15 percent.
• About 17 percent of the state's population saw income that was less than 125 percent of poverty level, which gives South Dakota the 33rd-highest rate among the states. The national average is 19.7 percent.
• Mississippi has the highest rate of poverty, while New Hampshire has the lowest.

Judge allowing SD beef plant to hire banking firm

• SIOUX FALLS, S.D. (AP) -- A federal bankruptcy judge is allowing an idled South Dakota beef packing plant to employ an investment banking firm to pursue a sale.
• Judge Charles Nail on Monday approved Northern Beef Packers' hiring of Lincoln International, which will seek a "stalking horse" bid in which one potential buyer makes an initial offer to set the floor for an auction.
• Northern Beef Packers opened its $109 million state-of-the-art facility on a limited basis in 2012 after years of delays. But its owners filed for Chapter 11 bankruptcy protection less than a year later, saying they didn't have enough money to buy cattle for slaughter.
• Nail last week approved the plant's request to borrow $512,000 to pay bills. Its

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