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OpenState programOpen to for-profit businesses

Reinvestment Payment Program and South Dakota Jobs Program

South Dakota Governor's Office of Economic Development (Board of Economic Development)No deadline listed

Summary

Companies building, expanding or relocating facilities or upgrading equipment in South Dakota can apply (within 90 days of starting) for a reinvestment payment (projects over $20M / equipment over $2M) or a South Dakota Jobs Grant (smaller projects), paid after completion.

About this grant

The Reinvestment Payment Program makes reinvestment payments to new or expanded facility projects over $20,000,000 or equipment upgrades over $2,000,000 that would not happen without the payment; the companion South Dakota Jobs Program offers a South Dakota Jobs Grant for facility projects under $20,000,000 or equipment upgrades under $2,000,000. Payments are made after project completion once approval conditions, including payment of taxes owed, are met. Applications are due no later than 90 days after construction or equipment installation begins. Amount not published.

Who can apply

  • For-profit companies
  • Small businesses

Companies relocating or expanding facilities or upgrading equipment in South Dakota

Reinvestment Payment: total project costs over $20,000,000 (facilities) or over $2,000,000 (equipment upgrades); South Dakota Jobs Grant: below those thresholds

Projects must be ones that would not have occurred without the payment

Ineligible: buildings used predominantly for retail sales, residential housing or lodging, health care, pipelines, or not subject to property taxation

Topics and uses of funds

Topics

  • Economic development
  • Manufacturing

Money can be used for

  • Expansion
  • Equipment
  • Relocation
  • Construction

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