Business Incentives

Reinvestment Payment Program

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 program allows for project owners to receive a reinvestment payment, not to exceed the South Dakota sales and use tax paid on project costs.

Reinvestment Payment Program:

  • Assists companies in offsetting the upfront costs associated with relocating or expanding operations and/or upgrading equipment
  • Total project costs less than $20 million or equipment upgrades with a total project cost less than $2 million
  • One key criteria considered by the board when reviewing an application is the likelihood the project would have occured without the South Dakota Jobs grant
  • Intended for projects that would not have occurred without the reinvestment payment

Program administered by the Board of Economic Development

Contacts

Paige Petersen

Business Development Representative

South Dakota Governor's Office of Economic Development

Phone: (605) 782-3287

paige.petersen@state.sd.us

http://sdreadytowork.com/ReinvestmentProgram

Category: Business Incentives

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