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� <br />� <br />u <br />�.q„ �. n �er <br />MidAmerica Mutual iife Insurance, <br />� i90-employce Rpsevi!!e cnmganY� <br />P1ans to move m�c� of its operation <br />to South l�akota, <br />"Sauth Dakota has no corAmrate in. <br />ctimc tax �nd its unempl4y��ny and <br />workcr coenpensation taxes ar� �a <br />f3�ac�ion of what the� are in Minnesa <br />�a," �i�d MidAm�nca gen�raj coun- <br />set Mclissa Mil[er. <br />'"'W� �nticipate hiring !'or some fur',c- <br />tis�ns in Watertown. It wo�ld t�e pne- <br />meturc to tell you that we wouldn't <br />rotain some parts or al) of snme func- <br />tians here." <br />MidAmcrica last month told W�ter- <br />t°�, S,D., afiicials that it will break <br />ground on a 50,000 square-foot <br />buitding that wouid employ up tQ <br />200 Fcapie over thc r�ext fivo yc�rs, <br />according to South Dakota p�ess re- <br />Rorts. Thc campnny is advertising <br />openi�ngs at a new atiiiiace, �lmeric�n <br />Delt� �,ifc. I� has Icased a�c� space. <br />����as c.ou�ander 4�, chief �x�cu� <br />tiv� af 10gidAmerica since I���;, �n: <br />nounFed ihe move last mont�p at � <br />�re$s conference, accor�3ing tc�, t1�e <br />��t��m� Public 4pinion.' <br />South aakoia repartedly wit! pr����. <br />at lea,st $6SO,OU4 ta� faeilitatc�, ih� <br />mo+�e a�r�d tra�ining of new emplqye�, <br />T'hP A�tinnesc�t� Cornmerce I3�p�. <br />m�nt, which r�gt�lat�s insurers; said `' <br />ft had no �otiee �of MidAm�rri�t's <br />intentions, That wouldn't be r�� <br />sary ii it simply shifted, sopnc or a11 <br />aPer�tyoas to a new stack compamy. <br />MidAmcric�, is considcr�d a C�n- <br />servative, hi � . d <br />y rated pcovider of <br />health and Ii � insu,rance to individ- <br />u�ls. ]t had o�ecatin� incomc a#tcr <br />fcderal taxes of $3.� milfion last yr,�r <br />on trss�ts of $82.6 rni►)ian, p mut�a� <br />awn�d by its �oli�yholde�s MidA- <br />m�ri� h�s � net worth of �17 mit- <br />li�n. <br />