Energy One Incentive
The Heartland Energy ONE Incentive is designed to facilitate significant new business development and the expansion of existing businesses. The program is designed for new retail loads with an approximate demand of one megawatt or larger.
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, for new or expanded facilities with project costs in excess of $20,000,000 or for equipment upgrades with project costs in excess of $2,000,000.
Ethanol Infrastructure Incentive Program
The Ethanol Infrastructure Incentive Program was designed to alleviate retailers across the state from costs associated with the installation of blender pumps.
South Dakota WORKS
Business/commercial loans for businesses needing working capital. Term of 1 to 5 years. Loan amount up to $1,000,000 million with a minimum amount of $20,000
Economic Development Partnership Program
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 or replenish local revolving loan funds for the purpose of developing or expanding housing, community development, and economic development programs.
Local Infrastructure Improvement Program
The Board of Economic Development may provide grants to assist in funding the construction or reconstruction of infrastructure for the purpose of serving economic development projects.
Workforce Development Program
When it comes to training, South Dakota puts its money where its mouth is. Through our Workforce Development Program, companies have access to dollars to help train new AND existing employees. Think your business could benefit by upgrading your employee's skills? Click on the links below to find out more.