Incentives Directory

Incentives Directory

Incentives
Discretionary Tax Formula
Grant County has adopted a graduated level of taxing on all new commercial building with an assessed value of $30,000 or more in the county: 1st year: 20% of taxable value 2nd...
More Info

Category: Local Incentives, Tax Incentives

Grant County Development Revolving Loan Fund
GCDC’s Revolving Loan Fund: This fund is available to finance new business start-ups, as well as for the retention and expansion of existing businesses and community projects in Grant County. Direc...
More Info

Category: Local Incentives, Grants & Loans

APEX Fund
Purpose The APEX (Agricultural Processing and Export) Loan Program is designed to assist companies in communities with a population of 25,000 or less, which add value to raw agricultural products throug...
More Info

Category: State Incentives, Grants & Loans

Community Development Block Grants
Growing Small Communities in South Dakota The state’s CDBG program is funded through an annual formula allocation from the US Department of Housing and Urban Development (HUD). The program allows th...
More Info

Category: State Incentives, Grants & Loans

Ethanol Infrastructure Incentive Program
Purpose The Ethanol Infrastructure Incentive Program was designed to alleviate retailers across the state from costs associated with the installation of blender pumps. The State of South Dakota has allocated $3.5 millio...
More Info

Category: State Incentives, Grants & Loans

Future Fund
Following the recession of the early 1980s, the Future Fund was developed in 1987 with $1.8 million to invest in South Dakota’s workforce and build its economy. It helps t...
More Info

Category: State Incentives, Grants & Loans

MicroLOAN Express
The MicroLOAN South Dakota Loan Program is a partnership with the South Dakota Development Corporation, and Governor's Office of Economic Development. These loans are made available to small businesses withi...
More Info

Category: State Incentives, Grants & Loans

REDI Fund Loans
Purpose We give new meaning to the phrase "ready, willing and able." Our REDI (Revolving Economic Development and Initiative) Fund is designed to help promote job growth in South Dakota. Thi...
More Info

Category: State Incentives, Grants & Loans

Rural Electric Economic Development (REED) Fund
The REED Fund is a non-profit tax-exempt 501(c)(3) corporation, formed through the collaboration of rural electric cooperative members of East River Electric Power Cooperative, Inc. REED serves in eastern Sout...
More Info

Category: Local Incentives, Grants & Loans

SBA 504
Purpose The SBA 504 loan program offers subordinated, fixed rate financing to healthy and expanding small businesses. Long-tem, fixed rate financing (10-20 years) and reasonable rates (near long-term U.S. Treasury bon...
More Info

Category: State Incentives, Grants & Loans

South Dakota WORKS
Program Overview Business/commercial loans for businesses needing working capital Term of 1 to 3 years Loan amount up to $1 million with a minimum amount of $20,000   Eligible Borrowers Businesses seeking new financing Certified development financia...
More Info

Category: State Incentives, Grants & Loans

Value-Added Ag Subfund
Purpose In 1999, a $3 million fund was created specifically to assist in funding feasibility and marketing studies for prospective value-added ag business. This Subfund of the REDI Fund is jus...
More Info

Category: State Incentives, Grants & Loans

Workforce Development Program
Train Your Employees When it comes to training, South Dakota puts its money where its mouth is. Through our Workforce Development Program, companies have access to dollars to help train ne...
More Info

Category: State Incentives, Grants & Loans