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SOUTH DAKOTA INCENTIVES SUMMARY

South Dakota Jobs Program
This program assists companies with the initial capital investment associated with relocating or expanding operations and upgrading equipment. A cash grant may be available for investments in new or expanded facilities of $20 million or less, and investments in equipment upgrades of $2 million or less. The program places a great emphasis on whether the project would occur without the grant. The grant may not exceed the state sales/use tax paid on eligible project costs.

The Reinvestment Payment Program
Provides reinvestment payments to projects in access of $20 million, or with equipment upgrades in excess of $2 million. Payments are meant to support projects which would not occur without this assistance.

Workforce Development Program
Provides a matching grant to assist with up to 50 percent of eligible training expenses for technical aspects of jobs. Upon the completion of training, the company will receive reimbursement. Both new and existing employees are eligible for training.

Notice: This list of economic development incentive programs is intended to provide a high-level overview of commonly pursued state discretionary programs. A comprehensive analysis of project details will determine the full scope of state and local incentive programs that may be available to support a specific project.

Site
Selection

BlueCap aids companies in developing critical location criteria and implementing thorough evaluation processes for finding future business locations resulting from a need to expand an existing facility, enter new markets, or merge locations

Economic
Incentives

Incentives often drive the approval of company capital budgets by supporting initial capital investments in facilities and equipment, reducing operating costs, and lessening the impact of government taxes and regulations.

Incentives Management

Governments require companies to complete annual reporting to ensure the company achieves its commitments for jobs and capital investment. BlueCap manages reporting for clients for the term of each incentive to ensure clients receive the benefits offered.

Economic
Development
Consulting

BlueCap helps communities of all sizes by implementing strategies focused on industry development, job creation, and tax base stability. BlueCap aids in creating strategic plans, marketing plans, cluster industry analyses, and other economic development activities to attract corporate investment and ensure economic growth.

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