Jon Hansen on Corporations

	Jon Hansen on Corporations

No more corporate welfare; let's get back to free market

Hansen said he plans to stop offering "corporate welfare." Republican lawmakers for decades have invested millions of tax dollars to entice businesses to build and expand in the state. That includes funding for larger investments such as Tru Shrimp.

Hansen cited the Tru Shrimp deal as an example of "corporate welfare." State and local officials committed $6.5 million in taxpayer money for a low-interest loan 6 years ago for Tru Shrimp to build a facility in Madison. The company has not built the facility, even though it was expected to break ground in 2024. The company, which has since changed its name to Iterro, announced it's "more than halfway" to its fundraising goal to begin the Madison project earlier this year.

"I think it's just unnecessary government mingling. It's risky business, & they're wasting our taxpayer dollars to do it," Hansen said of the deal. "It's that sort of stuff that we want to say 'no more' to. Let's just get back to the free market, low tax & low regulation."

Source: S.D.Searchlight on 2026 South Dakota Gubernatorial race , Apr 24, 2025

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