New Funding Source For South Dakota Companies

Monday, August 13, 2018

PIERRE, S.D. - Entrepreneurs can make a big difference in an area's economy. 

There's now another way new companies in South Dakota can get funding. 

South Dakota Equity Partners, a public-private partnership supported by the Governor's Office of Economic Development, has raised $16.9 million. 

"SDEP had its initial closing at the end of June, which means it is ready to start investing in a variety of projects, primarily in research commercialization and knowledge-based companies," Governor Dennis Daugaard said.  "SDEP's long-term goal is to diversify the portfolio across industries and with companies needing equity capital to facilitate their growth capacity as they move through their business life cycle stages."

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Category: Resource

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