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Miles Beacom

Miles Beacom, for whom the

business school is named, is

the president and CEO of

PREMIER Bankcard in Sioux

Falls, South Dakota. He began

working with First PREMIER

Bank in 1989 and initiated

its credit card program before

accepting a position in the

Chicago area; there for only a

few years, he helped a struggling

credit card company get back

on its feet.

The Sioux Falls native then returned to PREMIER

Bankcard in 1993 to oversee the company. His guidance has

since helped turn the company into the 12th largest credit

card issuer in the country – but he knows that hard work and

dedication are at the root of any success.

“I am a firm believer that if you want to be successful, you

have to be willing to make some sacrifices,” he said; with that

in mind, he maintains a positive outlook on his field. “When

I graduated from college, there were very few opportunities

in South Dakota in the business sector. Today, we have a

diverse business climate in which we compete with people and

businesses around the world. It is a very exciting time.”

Dedicated to benefiting the community in which he

grew up, Beacom serves on the board of directors for: First

PREMIER Bank, PREMIER Bankcard, United National

Corporation, Dakota State University Foundation, Catholic

Diocese of Eastern South Dakota, EastBank Land Company

LLC, ReliaMax and Lamb Radio. He and his wife, Lisa, have

also established scholarship endowments at Dakota State

University (DSU), the University of South Dakota (USD),

and the Sioux Falls Catholic School System.

Beacom graduated from DSU in Madison, South Dakota,

in 1981with a B.S. in business and an economics minor; now,

he and his wife have three daughters – Alyssa, Erin and Ashlee

– and live in Sioux Falls. He is proud of the Beacom School’s

reputation and confident in its Advisory Board’s ability to

support Dean Venky and USD in achieving the strategic

priorities set for 2020. Beacom’s primary goals as chair of

the Advisory Board are to enhance student engagement by

helping to increase the number of intern opportunities, and

to champion the entrepreneurship, innovation and ethics that

are critical in today’s environment.

J. Pat Costello

From private businesses to

government offices, J. Pat

Costello’s experience spans a

wide range of the business field

spectrum. He obtained a B.S. in

accounting from Arizona State

University in 1984 and began

his career as a Certified Public

Accountant with firms in both

Arizona and South Dakota.

A desire to own a small

business then led him to pursue

opportunities in the food and

beverage industry, such as operating restaurants in Sioux Falls,

South Dakota, and Omaha, Nebraska. When he noticed the

government’s negative effects on his businesses, however,

Costello took on the responsibility of improving the situation

– not just for himself, but for future businesses as well.

He was elected to the Sioux Falls City Council in 2006

and served until 2010; then, in 2011, Gov. Dennis Daugaard

appointed Costello as South Dakota’s commissioner of

the Governor’s Office of Economic Development. As

commissioner, Costello has a unique vantage point from

which he promotes economic development in South Dakota.

Being part of the Dean’s Advisory Board allows him to share

that knowledge with the state’s future entrepreneurs.

“USD’s business students are our state’s next business

leaders, who will drive our economy for generations to come,”

he said. “I hope the efforts we make today to engage students

and help them understand our state’s business advantages

will lead them to build their own businesses in our state,

Inaugurated in December 2015, the Beacom School of Business Dean’s Advisory Board seats six individuals whose passion for

South Dakota’s economic development is matched by a reputation for entrepreneurial success. Their advice and feedback will

help Venky Venkatachalam, Ph.D., and faculty meet the business school’s strategic goals; these governmental and business

leaders will, in effect, bring firsthand knowledge directly from inside the business field to students in the classroom.