Economic Incentives & Tax Credits
High impact incentives for small businesses in South Dakota
With access to a U.S. Port of Entry and major interstates to both coasts and Canada, it’s no surprise that manufacturing products make up the majority of the state’s exports. In addition to manufacturing, South Dakota thrives in other key industries like bioscience, livestock development, cybersecurity and precision agriculture. Whether you are looking for working capital, workforce training money or a low-interest loan, the GOED offers an array of incentives for businesses.
Top tax incentive programs for small and medium-sized businesses in South Dakota
South Dakota Jobs Program
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.
Dakota Seeds
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.
Local Infrastructure Improvement Program
This program provides grants to assist in funding the construction or reconstruction of infrastructure for the purpose of serving economic development projects.
Proof of Concept Fund
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.
Reinvestment Payment Program
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.
Revolving Economic Development Initiative
REDI is available to start-up firms, businesses that are expanding or relocating in South Dakota, as well as local economic development corporations.
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Get the Tax Money You're Owed in Minutes
Subcity empowers small businesses, CPAs, and finance professionals to identify and apply for economic incentives and tax credits. Each year, over $100 billion is allocated for incentives across local, state, and federal programs in the U.S. Unfortunately, a significant portion of this money goes unclaimed or to large corporations with teams of tax attorneys and legal experts.
Subcity utilizes a comprehensive database of incentives to connect small businesses with the programs that were designed to help them create jobs, invest in their communities, and grow their business. Subcity charges a 10-20% fee for the programs they successfully secure, ensuring zero risk for clients as payment is contingent on results. Subcity is on a mission to democratize access to capital for America’s small businesses and has already delivered tens of millions of dollars in tax incentives for clients across the country.