South Dakota businesses are not overburdened with excessive taxes or regulations, and they have a competitive edge over their counterparts in other areas of the United States. South Dakota helps businesses keep the money they make so they can continue to invest in their company’s growth.
Incentives are customized according to the needs of each business and are determined by job creation, service creation, revenue generation, and overall economic impact. They can include tax abatements, relocation or workforce training grants, lower interest loans, special lease or construction terms, tax refund credits, venture capital, and more. All in all, Rushmore Region Alliance partners have a variety of funding mechanisms in place to meet the specific needs of both new and existing businesses.
Additionally, the South Dakota Governor’s Office of Economic Development offers an array of financing options, such as working capital, workforce training money, and low-interest loans in conjunction with local lenders. Their team of finance professionals share a desire to see your company succeed. For more information, visit https://sdgoed.com/financing-incentives/