In the mid-1970's, a steam railroad was added to the Village. Madison's physical environment has always had a strong appeal for outdoor enthusiasts. Fishing and hunting are popular sports in the area. There is also golfing, snowmobiling, cross-country skiing, and many other recreational opportunities. Nearby Lake Herman State Park offers opportunities for camping, picnics, biking, walking and jogging.
Ski trips to the Black Hills are popular for many local residents.
The Madison Development Corporation was begun in 1970 by a number of Madison citizens with the support of the community and local government. Since then they have attracted over two dozen new industries to Madison, well over half of which are still here.