U.S.-based aquaculture company Tru Shrimp plans to inaugurate its new shrimp-farming facility in South Dakota with $48 million investment.

The facility, a 67-acre lot in Luverne’s Industrial Park near Interstate 90, will create an estimated 74 full-time equivalent jobs in the community.

In connection to the project, Tru Shrimp has also received $2 million in commitments from the state for public infrastructure improvements.

The construction of the facility will begin this summer, with the exact timeline pending the completion of permitting and financing.