South Dakota Jobs Grant Program
The Board of Economic Development may provide grants 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 South Dakota Jobs Grant for new or expanded facilities with project costs less than $20,000,000 or for equipment upgrades with project costs less than $2,000,000.
Who is Eligible:
Companies pursuing new or expanded facilities with a total project cost of less than $20,000,000 or equipment upgrades with a total project cost of less than $2,000,000 are eligible to apply to the Board of Economic Development for a South Dakota Jobs Grant 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 South Dakota Jobs Grant. South Dakota Jobs Grants are intended for projects that would not have occurred without the grant. The following projects are not eligible for a South Dakota Jobs Grant:
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 more information or to apply, click HERE