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Search verified grants from South Dakota Governor's Office of Economic Development (GOED) →South Dakota Jobs Grant & Reinvestment Payment Programs is sponsored by South Dakota Governor's Office of Economic Development (GOED). A discretionary program providing grants to help offset upfront costs for businesses expanding or relocating to South Dakota. It's for highly competitive projects with a total project cost of less than $20,000,000 or equipment upgrades with project costs less than $2,000,000.
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Reinvestment Payment Program - South Dakota Governor’s Office Of Economic Development 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.
Companies pursuing new or expanded facilities with a total project cost in excess of $20,000,000 or equipment upgrades with a total project cost in excess of $2,000,000 are eligible to apply to the Board of Economic Development for a reinvestment payment under this program.
One of the key criteria considered by the board when approving or denying an application is the likelihood the project would have occurred without the reinvestment payment. Reinvestment payments are intended for projects that would not have occurred without the payment.
The following projects are not eligible for a reinvestment payment: Buildings or structures used predominantly for the sale of products at retail, other than the sale of electricity at retail, to individual consumers; Buildings or structures used predominantly for residential housing or transient lodging; Buildings or structures used predominantly to provide health care services; Buildings or structures used predominantly for the transportation or transmission of natural gas, oil, or crude oil by means of a pipeline; or Buildings or structures that are not subject ad valorem real property taxation or equivalent taxes measured by gross receipts.
For complete details, including eligibility requirements and application process, click below.
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Based on current listing details, eligibility includes: Businesses undertaking projects of $20,000,000 or more, or equipment upgrades of $2,000,000 or more. The burden of proof rests on showing the project cannot be completed without the money. Applicants should confirm final requirements in the official notice before submission.
Current published award information indicates Varies (not to exceed state sales/use tax paid on eligible project costs) Always verify allowable costs, matching requirements, and funding caps directly in the sponsor documentation.
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The purpose of this FOA is to provide funding for up to four (4) Tribal Colleges and Universities (TCUs) that will provide entrepreneurial development services to Native American communities, focusing on supplying services to socially and economically disadvantaged entrepreneurs in locations that are outside of the geographical areas of existing SBA resources. Eligible applicants must be Tribal Colleges and Universities as defined in the Higher Education Act HEA 316 (U.S.C. 1059c). Funding Opportunity Number: SB-GC7J-23-002. Assistance Listing: 59.007. Funding Instrument: G. Category: BC,ED. Award Amount: Up to $250K per award.
The purpose of this FOA is to provide funding for up to two (2) private, non-profit organizations that will provide entrepreneurial development services to women, with an emphasis on socially and economically disadvantaged entrepreneurs in locations that are outside of the geographical areas of existing WBCs for the District of Columbia (DC) and the State of Oregon. There will be one award for each location. Eligible applicants must be private, non-profit organizations with 501(c) tax exempt status from the U.S. Treasury’s Internal Revenue Service and must provide services to the District of Columbia (DC) and State of Oregon. Funding Opportunity Number: SB-OEDWB-23-002. Assistance Listing: 59.043. Funding Instrument: G. Category: BC,CD,RD. Award Amount: $75K – $150K per award.
Small Business Innovation Research and Small Business Technology Transfer Programs Phase I is sponsored by U.S. Department of Agriculture (USDA) National Institute of Food and Agriculture (NIFA). The USDA SBIR/STTR programs support small businesses in creating innovative, disruptive technologies with commercial potential or societal benefit, including projects dealing with agriculturally-related manufacturing and alternative and renewable energy technologies. Specialty tubing could be relevant for agricultural equipment or renewable energy systems.