Incentives Directory

Incentives Directory



KCDC’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 Kingsbury County. Direct...
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Category: Local Incentives

With the purchase of a newly constructed building, a five year pro-rated tax abatement is offered from Kingsbury County.
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Category: Local Incentives; Tax Credit

Designated as a Rural Renewal County through the Work Opportunity Tax Credit program, Kingsbury County offers employers a federal income tax credit of $2,400 for workers in certain targeted groups.    
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Category: Local Incentives; Tax Credit

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 through...
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Category: State Incentives, Grants & Loans

Another financing option is the pooled loan program through South Dakota's Economic Development Finance Authority. This loan program, designed for more capital intensive projects, provides small businesses access to larger...
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Category: State Incentives, Grants & Loans

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 the...
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Category: State Incentives, Grants & Loans

Dakota Rising is a program designed to transform how entrepreneurs think about possibilities for themselves and their businesses. This exciting opportunity is focused on strategically partnering with local communities to invigorate...
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Category: State Incentives, Grants & Loans

Purpose Another financing option is the pooled loan program through South Dakota's Economic Development Finance Authority. This loan program, designed for more capital-intensive projects, provides small businesses access to larger capital...
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Category: State Incentives, Grants & Loans

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 million...
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Category: State Incentives, Grants & Loans

The mission of the FDDC is to assist businesses by providing long term, lower rate financing for their growth and development, while improving the overall economic condition of the area....
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Category: Local Incentives, Grants & Loans

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 to...
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Category: State Incentives, Grants & Loans

GROW South Dakota (also known as NESDCAP and NESDEC) provides affordable business financing to both new and existing businesses to purchase inventory, equipment or real estate. In addition, the state-wide...
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Category: State Incentives, Grants & Loans

This program allows local businesses to work in partnership with the LAIC and a local bank to obtain a low interest business loan. There is a minimum loan amount, involvement...
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Category: Local Incentives, Grants & Loans

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 within...
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Category: State Incentives, Grants & 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. This...
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Category: State Incentives, Grants & Loans

The REED Fund provides financing and helps leverage investment in small communities and rural areas, targeting projects that will promote growth and contribute to job creation, wealth creation and improvements...
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Category: State Incentives, Grants & Loans

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 bond...
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Category: State Incentives, Grants & Loans

The South Dakota Community Capital Fund (SDCCF) offers economic development organizations serving greater South Dakota the opportunity to participate in an innovative new development financing resource.  
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Category: State Incentives, Grants & Loans

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 financial...
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Category: State Incentives, Grants & Loans

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 just...
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Category: State Incentives, Grants & Loans

The purpose of the Venture Capital Investment Fund is to make low interest funds available to eligible, for-profit venture capital investment companies (the "Company") in order for the Company to...
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Category: State Incentives, Grants & Loans

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 new...
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Category: Local Incentives, Business Expansion



 
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