Financial & Tax Incentives: Brookings, SD

Proof of Concept

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 South Dakota companies and other entities. Investment proceeds may be used to pay consultant contracts, material and supplies, salaries for employees in South Dakota, and necessary services for technical feasibility or marketing studies.

Category: State Incentives

More State Incentives

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
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
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 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
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