Financial & Tax Incentives: Brookings, SD
BEDC Science Equipment Loan Fund
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 equipment with values, a business plan, financial reports and any other documents necessary to support the project. Lease terms are negotiable based on project needs.
Category: Local Incentives
More Local Incentives
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...
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Brookings County offers a discretionary property tax formula for businesses investing $30,000 or more in new construction or expansion.
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The city of Brookings offers a sales tax incentive program. Contact BEDC to find out more about these programs.
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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.
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