State Incentives

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 processing, or export a minimum of 75 percent ...

Grants & Loans, State Incentives

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 state to fund a variety of different project...

Grants & Loans, State Incentives

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 markets for...

Grants & Loans, State Incentives

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 over the next five years to ...

Grants & Loans, State Incentives

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 support the training of employees, retraining of employees during layof...

Grants & Loans, State Incentives

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 low-interest loan fund is available to start-up firms, bus...

Grants & Loans, State Incentives

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 rates), make the 504 Program an...

Grants & Loans, State Incentives

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 devel...

Grants & Loans, State Incentives

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 one step toward improving value-added ag in South Dakota...

Grants & Loans, State Incentives