VideoVideo
$52M Plan to Save 8 Towns
Visual explainer on the $52M plan to save 8 towns through AI-powered economic development.
~10 min
$52M Plan to Save 8 Towns
Transcript: $52M Plan to Save 8 Towns
So what does it really take to save a forgotten town?
Well, we're about to dive into a pretty fascinating answer.
It involves a single founder, a $52 million plan,
and a really bold attempt to build an AI-powered economic engine
for eight towns, right in the American Heartland.
And that's the big question, isn't it?
This isn't about some small grant or a simple little program.
We're talking about architecting a complete economic turnaround
against some pretty incredible odds.
So how do you actually pull that off?
You know, you have to start by understanding
just how big the missed opportunity is.
This number, 13 million, that's how many tourists
drive right through the Southern Black Hills every single year
on their way somewhere else.
It's like this massive river of economic potential.
And right now, it's all just flowing right on by.
And here's the problem in a nutshell.
Just 20 minutes up the road.
Rapid City has this well-funded group
that's created thousands of jobs.
But these eight towns, they've been trying
to get by with nine different chambers of commerce
and absolutely no unified strategy.
It's been a total economic black hole, at least until now.
This is the proposed solution, a $52 million private capital
raise to do what decades of public money just hasn't.
And that's the key.
This isn't a government grant.
It's a full on private sector intervention
designed to completely rewire the region's economy
from the ground up.
So how does that money actually get put to work?
Well, it's through the six-part structure,
the Black Hills Consortium.
You've got a nonprofit to get everyone on the same page,
attack campus to be the physical hub,
a startup accelerator to grow new ideas,
a media arm to tell the story,
and even an AI software company
focused on the cannabis industry.
Every single piece is designed to help the others,
creating this self-sustaining economic system.
The scale of the impact here is just staggering.
And it's immediate.
This isn't some 10-year projection.
The goal is to create 58 full-time jobs
with a $6.6 million payroll almost overnight.
That would make this consortium
the biggest employer in the town of Custer
since the new deal.
Think about that.
Of course, you can have all the money
and structure in the world,
but you can't revitalize a region without people.
So that brings us to the first pillar of the whole strategy,
a people engine called Settle the West.
And it's designed specifically to attract new talent
and new families to the area.
And look, this isn't just some wishful thinking.
It's based on a playbook that's already been proven to work.
A similar program, Tulsa Remote,
has a documented 4.5 times return on investment.
That means for every single dollar
they spent on relocation incentives,
it generated $4.50 in local economic impact.
This model flat out works.
So what makes the offer so irresistible?
The plan basically combines four things
that are incredibly attractive in today's world,
the freedom of remote work,
a dramatically lower cost of living,
access to powerful AI productivity tools.
And of course, an unmatched quality of life
out there in the black hills.
I mean, listen to that pitch.
It's just so powerful.
It's a value proposition that's almost impossible
for a remote worker in a city like San Francisco
or New York to ignore.
You get a massive financial upgrade
and a huge lifestyle upgrade, all at the exact same time.
But attracting people, that's really just step one.
It's what kicks off this growth flywheel.
See, it starts when new people arrive,
which creates immediate demand for things like housing
and services.
That demand then signals developers to start building.
More capacity allows even more people to relocate,
spinning that flywheel faster and faster,
and eventually transforming the entire regional economy.
OK, but where do all these new people work?
Where do they connect?
Let's take a look at the physical heart of the project,
the Grow Campus.
It's a 15-acre tech hub that's already partially built.
And what they're building here
goes way beyond just desks and Wi-Fi.
We're talking about daily team brunch, rotating food trucks,
and a workspace where you might literally
see deer walking through a field while you have your morning
coffee.
The whole idea is to create a destination,
a place people actually want to be.
A really key part of that destination
is this thing called the OPP.
It's the on-campus cafe and merch shop,
but here's the clever part.
It's structured as its own self-sustaining company.
So staff gets subsidized coffee and gear,
but any walk in traffic from locals or tourists pays retail.
That makes it a profit center, not a cost center.
Pretty smart.
This really captures the whole philosophy perfectly.
Every little detail from the coffee people drink
to the sweatshirts they buy, it's all designed
to build culture and community.
A simple daily routine becomes this powerful marketing
opportunity.
This detailed planning, it even extends
to how they raise money.
Potential investors don't just get a slide deck over zoom.
Nope.
They get a curated three-day immersive experience.
They get picked up in a cyber truck.
They dine at James Beard recognized restaurants.
All before they even talk about the final investment.
This quote really speaks to the project's unique position.
It's referencing a time when Jay-Z's rock nation
wanted to put millions into a cannabis tech company
that never even got off the ground.
The argument here is that this project has not only
the tech they wanted, but it also has
the essential things they were missing, a powerful story,
a media platform, and a real sense of place.
All right, let's zoom out for a second,
because the ambition here isn't just to save eight towns.
It's to create a repeatable model, a blueprint
that could potentially be used to revitalize rural communities
all across the country.
A huge piece of that long-term vision
is reversing brain drain.
The plan includes training over 5,000 local K-12 students
on the exact AI tools that are going to define their careers.
This creates a homegrown talent pipeline.
So the next generation of builders can stay and work
right there at home.
And here's the five-year goal for that Settle the West program.
Bring 2,000 new remote workers and their families to the region.
Now, in a place with a combined population of just 25,000,
that is a truly transformational number.
So what's the projected result of that influx?
Over $170 million in direct economic impact in just five years.
This is the real tangible outcome of spinning that growth flywheel
we talked about, new jobs, new businesses,
and a revitalized tax base for everyone.
So this is the formula.
It's this unique combination of all these factors
that makes the whole plan so viable.
It lines up perfectly with the biggest trends in how we work
and live today, that desire for flexibility,
for a financial freedom, and for a better quality of life.
And it all comes down to this, this provocative idea
that AI can be the tool that saves a small town.
The playbook isn't some corporate secret.
It's being built out in the open for everyone to see.
This isn't just an investment pitch.
It's an open invitation to join a movement.
It's a fascinating and incredibly ambitious blueprint
for the future of rural America.