Business & Growth
Economic Development
Why Castlewood?
Located in northeastern South Dakota, Castlewood combines small-town quality of life with convenient regional access.
- Just 8 miles from Interstate 29
- 15 minutes from Watertown and 35 minutes from Brookings
- Access to utilities, infrastructure, and workforce
- Strong community support for local businesses
Castlewood offers a unique balance of opportunity, affordability, and community connection, making it an ideal place to start or grow a business.
Business Opportunities
Castlewood is actively seeking new and expanding businesses to meet community needs and support continued growth.
Opportunities include:
- Skilled trades (plumbing, HVAC, electrical)
- Childcare services
- Housing and rental development
The city also offers available industrial park lots, ready for development with utilities in place and room for expansion.
Incentives & Support
Castlewood is committed to helping businesses succeed, not just in getting started, but in growing for the long term. Financial incentives and support programs are available to help move your project forward.
Explore available funding options and see how Castlewood can support your investment.
A Community That Supports You
In Castlewood, businesses are more than storefronts, they are part of the community. Local leadership, organizations, and residents are invested in helping businesses grow and succeed.
From your first inquiry to opening day and beyond, you’ll find a network of support ready to help you move forward.
Get Started
Whether you're launching a new venture, expanding your operations, or exploring relocation, Castlewood is ready to help you take the next step.
Connect with the Castlewood Economic Development Board to learn more about available opportunities and resources.
Phone: 605-520-4035
Email: cwdevelopment@hotmail.com