Incentives Directory

Incentives

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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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

Category: State Incentives, Grants & Loans

Fast Fact Image

Since 1925 Dakota Mahogany is exclusive to Milbank...

the warm rich tones are highly sought after throughout Europe, Asia, and right here at home.