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List of incentives available in this location for quick easy reference below.

Incentives

Table key

• Incentive offered
• Incentive not offered
• Did not submit information

Cash grants/incentivesMore [+]Less [-]
Grants are available for workforce training and other workforce needs for new and expanding companies.
Tax exemptionsMore [+]Less [-]
No corporate income tax. No individual income tax. No personal property tax. No inventory tax. Several low interest financing programs with rates starting at 3%.
Property assistance / other fiscal incentiveMore [+]Less [-]
The Governors Office of Economic Development maintains a state wide directory of buildings available for sale/lease on its website. Property tax abatements for new construction and tax incremental financing are also available.
Training and labor market assistanceMore [+]Less [-]
South Dakota offers financial assistance to help companies meet their workforce training needs. The Department of Labor provides testing, screening and recruitment services to business at no cost. The state has four technical institutes that work directly with business to provide customized training.
Loan guarantees, cheap loans or financeMore [+]Less [-]
REDI Fund - low interest loan available for up to 45% of land, building, or equipment costs. 3% interest rate. EDFA Bonds long-term, fixed rate financing program designed for capital intensive projects within the manufacturing or distribution industries. Available for land, building, equipment, and associated costs. May be tax exempt. APEX funding available for land, building, machinery and equipment, and encouraged in rural areas. Up to 75% of project costs (limit of $250,000) at a 5% interest rate with 10-20 year amortization. Other financing options (MicroLoan or Community Development Block Grant) may be available depending on the size or specific needs of the project.
Exemptions from regulations
Target sectorsMore [+]Less [-]
Bioscience Renewable Energy Firearms
Sectors specific incentivesMore [+]Less [-]
Banking- South Dakota has a low tax and regulatory environment. South Dakota has passed legislation that removes limits on interest rates. Energy- The state offers special tax incentives for energy projects. Trusts- Our lack of state income taxes and progressive trust laws combine to create an ideal environment to preserve and create wealth. Entrepreneurs- Low taxes, financing programs, and a lack of burdensome regulation combine to make South Dakota a land of opportunity for business both large and small. Firearms- South Dakota enacted numerous laws that support the constitutional right to keep and bear arms. Manufacturers of firearms are not liable if someone irresponsibly misuses their products. South Dakota supports a growing cluster of firearms manufacturers.

Sponsorship

If you are the authorised promotions agency for South Dakota and would like to have your location highlighted on fDi Atlas, you can contact our sales team on + 44 (0) 207 775 6667 or contact us here.