Funds Available for Blender Pump Installation
GOED, Ethanol Producers, Kick Off Third Round of Funding
Tuesday, July 2, 2013
PIERRE, S.D. – The Ethanol Infrastructure Incentive Program began its third round of funding today with a kick-off event in Sioux Falls. Pat Costello, Commissioner, South Dakota Governor’s Office of Economic Development, said that $500,000 is allocated to the program for fiscal year 2014.
The program provides grants for retail fueling stations that wish to install pumps that offer consumers to select their desired blends of gasoline and ethanol. There are currently 75 retail gas stations that have installed ethanol blender pumps across the state. The program has funded 51 of those installations since the program’s inception.
“This program is great for the ethanol industry in South Dakota,” Costello said. “As motorists continue to fuel up for the summer travel season, ethanol blends continue to offer a variety of cost-conscious options.”
South Dakota was the first state in the nation to allow ethanol blender pumps, which support South Dakota’s 15 ethanol plants and over 1,900 South Dakotans directly employed by the industry.
Funding for the grant program is made possible by a partnership between the South Dakota Ethanol Producers and the State of South Dakota. Grant awards up to $25,000 are available for installation of a station’s first blender pump. Grants up to $10,000 are available for installation of each additional pump.
For more information about the blender pump grant program, visit www.sdreadytowork.com/blenderpumps.aspx