Category: Business Incentives
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