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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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According to the current listing, 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. Confirm the full requirements in the official notice before applying.
South Dakota Jobs Grant & Reinvestment Payment Programs is funded by South Dakota Governor's Office of Economic Development (GOED). Verify program details on the funder's official page before applying.
This opportunity targets applicants in South Dakota. If your organization operates elsewhere, check the official notice for location requirements.
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