Financial & Tax Incentives: Brookings, SD
In Brookings, you will find what you need to make your project a reality. Brookings Economic Development assists new and existing businesses with identifying incentives that could be applied to their project, whether at the local or state level. For example, the BEDC administers two revolving loan funds and a science equipment loan program. Recommendations for these and other programs are made based on the needs of the project, the industry, jobs created, investment made, etc. Contact us for more information and for assistance.
Results
The purpose of the Agri Business Bonding Program is to assist in the development and expansion of agricultural and business enterprises within the State of South Dakota.
Learn More
Brookings Economic Development Corporation manages a private for-profit entity called Area Development Corporation (ADC). Its purpose is to advance industrialization, increase employment opportunities, population growth, and improved conditions in the area through various means including by lending money utilizing a revolving loan fund. Companies who...
Learn More
BEDC also offers new and existing companies low interest loans for the qualified purchase of science and research related equipment that will be used in Brookings County. Interested companies can contact BEDC to receive an application. Applicants will be required to provide a list of...
Learn More
Brookings County offers a discretionary property tax formula for businesses investing $30,000 or more in new construction or expansion.
Learn More
The city of Brookings offers a sales tax incentive program. Contact BEDC to find out more about these programs.
Learn More
Students can earn a technical degree for free using the Build Dakota Scholarship.
Learn More
Dakota Seeds is an innovative internship program that connects students with employers as a way to help fill temporary workforce needs and establish a pipeline for future permanent employment. Qualifying businesses can receive matching funds up to $2,000 per intern for internships in the Science,...
Learn More
The purpose of the DEDIF Loan Program is to stimulate private investment in downtown Brookings by lending funds to downtown property owners for the purpose of exterior streetside real estate improvements, repairs, and historical preservation.
Learn More
When small businesses need a loan for working capital, equipment, real estate or other fixed-asset project costs, the MicroLOAN South Dakota program is a great fit. This low-interest loan is available to South Dakota companies and residents and can finance amounts as little as $1,000...
Learn More
The Proof of Concept program provides up to $25,000 to conduct research that demonstrates the technical and economic feasibility of an innovation before it is commercialized. The program is open to those committed to commercializing an innovation in South Dakota, such as entrepreneurs, universities, existing...
Learn More
The Reinvestment Payment Program provides reinvestment payments to projects in excess of $20,000,000, or with equipment upgrades in excess of $2,000,000. The awards are intended for projects that would not have occurred without the reinvestment payment.
Learn More
South Dakota’s REDI (Revolving Economic Development and Initiative) Fund is South Dakota’s flagship financing tool. It is available to start-up firms, businesses that are expanding or relocating in South Dakota, as well as local economic development corporations. This low-interest loan can provide up to 45%...
Learn More
This program is available 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...
Learn More
Its purpose is to make loans for agricultural development, feasibility studies, or marketing studies for new innovative agricultural development projects.
Learn More
Through the GOED’s Workforce Development Program, companies can access money to help train new and existing employees that require additional skills as the result of company growth. The program can fund up to 50% of eligible training expenses to companies that meet certain wage and...
Learn More