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.