Business Incentives

The state of South Dakota offers several financing incentives to assist your business in growth and development. Explore your options below to learn how your business can prosper in South Dakota!

Incentives Directory



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...
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Internships are a great way to help fill your temporary workforce needs and establish a pipeline for permanent employees. Internships also enhance a student’s education by providing work experience in...
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South Dakota's Economic Development Finance Authority (EDFA) offers a pooled loan program. The program, designed for capital-intensive projects, provides small businesses access to larger capital markets for tax-exempt or taxable...
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This program provides matching grants to assist in funding equipment and training needs, new staff, or to elevate existing part-time staff, for the purpose of developing or expanding local and...
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This program provides grants to assist in funding the construction or reconstruction of infrastructure for the purpose of serving economic development projects. Local Infrastructure Improvement Program: Provides grants to assist in funding...
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The Proof of Concept Fund is a loan program that will provide up to $25,000 investments for eligible applicants to conduct research demonstrating the technical and economic feasibility of an...
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The Board of Economic Development may provide reinvestment payments to assist companies in offsetting the upfront costs associated with relocating or expanding operations and/or upgrading equipment in South Dakota.  The...
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Giving new meaning to the phrase "ready, willing and able." The REDI (Revolving Economic Development and Initiative) Fund is designed to help promote job growth in South Dakota. This low-interest loan...
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The SBA 504 loan program offers subordinated, fixed rate financing to healthy and expanding small businesses. Long-term, fixed rate financing (10-20 years) and reasonable rates (near long-term U.S. Treasury bond...
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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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This program is available to assist companies in offsetting the upfront costs associated with relocating or expanding operations and/or upgrading equipment in South Dakota.  The program allows for project owners...
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South Dakota WORKS is the newest financing program in the Governor’s Office of Economic Development (GOED). The federally funded program, launched in October of 2011, provides South Dakota small businesses...
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The State Trade Expansion Program (STEP) mission is to increase the number of U.S. small business exporters and increase their export sales. The STEP program can reimburse a portion of a...
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When it comes to training, South Dakota puts its money where its mouth is. Through the Workforce Development Program, companies have access to dollars to help train new AND existing employees. Workforce...
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Category: Business Incentives