HomeChamber of CommerceGreater Yankton Living
  1. Yapg
  2. Business Toolbox
  3. Business Incentives
  4. Economic Development Finance Authority Edfa

Business Incentives

Economic Development Finance Authority (EDFA)

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 bond issuances. Projects can be funded individually or pooled to help lower the cost of the bond issuance. One of the biggest advantages of this program is a long-term loan with a fixed interest rate

Economic Development Finance Authority (EDFA):

  • Designed for more capital-intensive projects; $1 million minimum
  • Lower interest rate to the borrower as a result of "A+" rating by Standard and Poors
  • Long-term, fixed-rate financing
  • Provides small businesses access to the public bond market
  • Bonds may be tax-exempt on projects that are less than $20 million in total project costs
  • Eligible for the projects that operate an ag processing or manufacturing enterprise
  • Permanent financing for land, buildings, machinery, equipment, and associated installation costs

Program requires interim/construction financing

Contacts

Cassidy Kulesa

Assistant Finance Director

South Dakota Governor's Office of Economic Development

Phone: (605) 773-GOED

Cassidy.Kulesa@sdreadytowork.com

http://www.sdreadytowork.com/Build-Your-Business/Financing-Incentives-(1)/Bond-Financing.aspx

Category: Business Incentives

More Business Incentives

Avera Education & Staffing Solutions provides up-to-date training and education both onsite and via online to keep your staff current in a rapidly changing healthcare environment. Responding to the pulse of rural healthcare needs, AESS develops the resources to engage employees in the pursuit o... Learn More
Avera Sacred Heart Hospital School of Radiologic Technology was established in 1948.  The program is supervised by a Program Director and accredited by the Joint Review Committee on Education in Radiologic Technology (JRCERT) www.jrcert.org .  The program is also recognized by the State of Sout... Learn More
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 projects in small cities and rural areas. All projects must meet one o... Learn More
Cornerstones Career Learning Center’s mission is to assess, promote and provide education and employment training services to area workforce and employers. With classes ranging from GED preparation, English Language Acquistion, and others., Cornerstones Career Learning Center has the training you need! Cornerstones Career Learning Center will wor... Learn More
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 their chosen career pathway. To promote internships, the Dakota Seeds Program can provide 50% of th... Learn More
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 community economic development programs.  Economic Development Partnership Grants may also be used to commence o... Learn More
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 the construction or reconstruction of infastructure for the purpose of economic development Eligible for any politica... Learn More

As a Catholic, Benedictine college founded by the Sisters of St. Benedict in 1936, Mount Marty College’s academic programs are grounded in faith and service as much as they are in the liberal arts. Primary emphasis is placed on the development of each person as a complete human being with special attention paid to intellectual, professional, and personal skills as well as moral, spiritual, and social values.

Learn More
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 innovation significantly enhancing the likelihood of commercialization of the innovation. Proof of Concept Fund: Provide up t... Learn More

RTEC is a 501(c)(3) nonprofit technical education center that provides rapid response training and education for regional organizations in collaboration with strategic partners. The goal of RTEC is to provide high-quality, affordable technical education and training opportunities which will enhance the abilities of individuals to obtain and retain employment. RTEC promotes the notion of home growing our own workforce and remains dedicated to offering learning opportunities for youth.

Learn More
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 Sout... Learn More
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 fund is available to start-up firms, businesses that are expanding or relocating and local economi... Learn More
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 rates), make the SBA 504 an attractive and effective economic development financing tool. SBA 504: Long-term, fixed-rat... Learn More
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 the borders of South Dakota and South Dakota residents, including main street and retail operations... Learn More

The mission of the South Dakota Department of Labor is to Promote economic opportunity and financial security for individuals and businesses through quality, responsive and expert services; fair and equitable employment solutions; and safe and sound business practices.

The South Dakota Department of Labor, "your workforce experts", can help individuals with many job services!

Learn More
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 to receive a South Dakota Jobs Grant for new or expanded facilities. South Dakota Jobs Program: Assist... Learn More
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 with working capital funds. South Dakota WORKS: Offers commercial loans to businesses that need working capital Eligible use... Learn More
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 company's eligible cost for the following: Attending international trade shows, international sales trips and select domesti... Learn More
The University of South Dakota, in Vermillion, is located 25 miles east of Yankton and sits on an attractive 274-acre campus. USD offers 206 majors and academic programs and 66 graduate programs, more than 120 organizations and clubs, and boasts a 97 percent job placement rate. Th... Learn More
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 Development Program: Provides matching grants to assist companies with up to 50 percent of eligible trainin... Learn More
Yankton Rural Area Health Education Center, a non-profit organization, serves a primary 24-county area in southeastern South Dakota. YRAHEC works with partners to create a sustainable healthcare workforce in the rural South Dakota service area with activities such as: illustrating healthcare career opportunities to youn... Learn More

Meet Our Workforce