Category: Local Incentives
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 Financial Support from the Corporation in the form of employee salary assistance and/or facility rent based on job creation and growth.
KCDEC participates with local financial institutions and other lenders to maximize the available capital for development projects.
Excellent financing options available with Kingsbury County Revolving Loan fund, De Smet Development Corporation Revolving Loan Funds, REED (Rural Electric Economic Development) loan funds for lower than market rates, REDI (State of SD Revolving Loan Funds), MicroLOAN South Dakota Loan Program, NESDEC (Northeast South Dakota Economic Development Corp.), First District Association of local Governments and the South Dakota Work Force Development Program.