213: How a Town of 30,000 Competes (and Wins) in Economic Development with Tim Hanigan

About this episode

Dane Carlson interviews Tim Hanigan about how Aberdeen, a rural community, excels in economic development through various strategies.

In this episode of the Econ Dev Show, Dane Carlson talks with Tim Hanigan, CEO of the Aberdeen Development Corporation in Aberdeen, South Dakota, about how a rural community of 30,000 punches above its weight in economic development. Tim explains how Aberdeen leverages entrepreneurship, regional workforce draw, and value-added agriculture to build one of the most diverse micropolitan economies in the U.S. The conversation dives into practical tools like revolving loan funds, shovel-ready site development, and tight-knit community coordination, along with lessons learned from winning and losing projects. Tim also shares how rural economic developers must wear many hats, from childcare advocacy to housing and workforce development, and why knowing your limits and leaning into your strengths is key to long-term success. 10 Actionable Takeaways for Economic Developers Build your own toolbox early - Start small with tools like a revolving loan fund. Even modest contributions compound into real leverage over time. Have product ready before the prospect shows up - Shovel-ready sites win deals. If you're waiting until an RFI arrives, you're already behind. Sell your labor shed, not just…

People in this episode

Host: Dane Carlson

Guest: Tim Hanigan

Topics covered

• economic development
• rural communities
• entrepreneurship
• workforce development
• community coordination
• value-added agriculture

Keywords

• economic development
• Aberdeen
• entrepreneurship
• workforce
• community
• revolving loan funds
• shovel-ready sites
• housing
• agriculture

Mentioned in this episode

Organizations: Aberdeen Development Corporation

Places: Aberdeen, South Dakota, U.S.

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