Agribusiness Bond Program
South Dakota Governor's Office of Economic Development
Tax-exempt bond financing for ag processing and agribusiness fixed assets.
Up to $10 million in tax-exempt bonds
Confirm with agencyLoanAgricultureHousing, Community and Economic Development
The catch: Conduit bond financing: the borrower finds the bond purchaser and repays principal and interest directly to the purchaser or trustee.
Next deadline: Varies — check official page · No application deadline posted
Eligibility, how to apply, match, contact
- Eligibility
- Agricultural businesses engaged in manufacturing, including ag processing, with projects that meet state and federal tax-exempt bond requirements.
- How to apply
- Direct application: submit the Agribusiness Bond Program application (shared with the Livestock Nutrient Management Bond) to GOED for the Authority.
- Applicant types
- Business
- Award size
- Up to $10 million in tax-exempt bonds
- Funding source
- Other
- Geography
- Statewide
Beginning Farmer Bond Program
South Dakota Governor's Office of Economic Development
Tax-exempt bond financing that lowers interest on beginning farmers' land and livestock purchases.
Loan amounts up to $600,000
Confirm with agencyLoanAgriculture
The catch: The bond purchaser, usually the lender, sets rates and terms; the loan and collateral are assigned to the bond purchaser as security.
Next deadline: Varies — check official page · No application deadline posted
Eligibility, how to apply, match, contact
- Eligibility
- Qualified beginning farmers in South Dakota and their lenders or contract sellers (contract sellers may not be the farmer's parents or grandparents).
- How to apply
- Direct application: the bond purchaser arranges the loan or contract sale and submits the Beginning Farmer Bond Application (on the program page) to the Authority through GOED.
- Applicant types
- Business, Individual
- Award size
- Loan amounts up to $600,000
- Funding source
- Other
- Geography
- Statewide
CDBG Job Training Activities
South Dakota Governor's Office of Economic Development
CDBG funds set aside for job training that mainly benefits low- and moderate-income people.
Varies — up to 15% of the annual CDBG allocation is set aside
OpenGrantEmployment, Labor & TrainingDisadvantaged Communities
The catch: Federal CDBG requirements apply, including low- and moderate-income benefit documentation.
Next deadline: Rolling · Rolling; applications accepted on an ongoing basis
Eligibility, how to apply, match, contact
- Eligibility
- CDBG-eligible job training activities that predominantly benefit low- and moderate-income persons and help them gain full-time employment in South Dakota.
- How to apply
- Direct application: work with your local planning district and submit the Regular CDBG Application to GOED.
- Applicant types
- Public Agency
- Award size
- Varies — up to 15% of the annual CDBG allocation is set aside
- Funding source
- Federal
- Geography
- Statewide
E15 Fuel Tax Refund (Ethanol Infrastructure Incentive Program)
South Dakota Governor's Office of Economic Development
Five-cent-per-gallon fuel tax refund to retailers selling E15.
$0.05 per gallon of E15 dispensed (prorated if the fund is short)
ExpectedRebateEnergyAgriculture
The catch: Refunds are prorated if the fund is insufficient; compliance with DANR fuel compatibility rules is required.
Next deadline: Expected: January 2027 · Annual; application due within thirty days after the end of the calendar year claimed (calendar years 2025-2029)
Eligibility, how to apply, match, contact
- Eligibility
- Licensed marketers dispensing E15 through motor fuel pumps on their South Dakota retail premises who comply with the Department of Agriculture and Natural Resources' alternative fuel compatibility requirements.
- How to apply
- Direct application: file the E15 Fuel Tax Refund Application with GOED within 30 days after the end of the calendar year claimed; the Commissioner decides within 90 days.
- Applicant types
- Business
- Award size
- $0.05 per gallon of E15 dispensed (prorated if the fund is short)
- Funding source
- State
- Geography
- Statewide
Economic Development Finance Authority Bond Financing
South Dakota Governor's Office of Economic Development
Pooled or stand-alone bond financing for capital-intensive industrial projects.
Varies — up to 80% of building and 75% of new equipment costs
Confirm with agencyLoanHousing, Community and Economic Development
The catch: No more than 25% of bond proceeds may go to ancillary uses such as office or inventory space.
Next deadline: Varies — check official page · No application deadline posted
Eligibility, how to apply, match, contact
- Eligibility
- For-profit businesses operating an industrial, ag processing or manufacturing business. Tax-exempt financing requires the borrower to be a manufacturer with total project costs under $20 million.
- How to apply
- Direct application: submit the GOED Loan Application – Bond (Word or PDF) on the program page; stand-alone issuance requests use the same application.
- Applicant types
- Business
- Award size
- Varies — up to 80% of building and 75% of new equipment costs
- Funding source
- Other
- Geography
- Statewide
Economic Development Partnership Program
South Dakota Governor's Office of Economic Development
Matching grants that build local economic development capacity and revolving loan funds.
Varies — check official page
Confirm with agencyGrantMatch RequiredHousing, Community and Economic Development
The catch: Matching funds required; awards are published in GOED's public records each year.
Next deadline: Varies — check official page · No application deadline posted
Eligibility, how to apply, match, contact
- Eligibility
- Any nonprofit development corporation, tribal government, municipality, county or other political subdivision of South Dakota.
- How to apply
- Direct application: apply to the Board of Economic Development through GOED.
- Applicant types
- Nonprofit, Tribal Government, Public Agency
- Award size
- Varies — check official page
- Match
- Required
- Geography
- Statewide
Livestock Loan Participation Program
South Dakota Governor's Office of Economic Development
Helps limited-equity farmers and ranchers finance livestock purchases.
50% of livestock purchases, maximum loan $200,000
Confirm with agencyLoanAgriculture
The catch: Participation loan at 3.5% fixed (2.5% for small or beginning farmers), up to a 7-year term.
Next deadline: Varies — check official page · No application deadline posted
Eligibility, how to apply, match, contact
- Eligibility
- South Dakota farmers and ranchers of limited equity purchasing livestock through a participating bank.
- How to apply
- Through a lender: the bank and borrower submit the Livestock Loan Participation Application (on the program page) to GOED.
- Applicant types
- Business
- Award size
- 50% of livestock purchases, maximum loan $200,000
- Geography
- Statewide
Livestock Nutrient Management Bond
South Dakota Governor's Office of Economic Development
Tax-exempt bond financing for livestock nutrient and byproduct handling facilities.
Varies — check official page
Confirm with agencyLoanAgricultureEnvironment & Water
The catch: The bond purchaser, usually the lender, sets rates and terms.
Next deadline: Varies — check official page · No application deadline posted
Eligibility, how to apply, match, contact
- Eligibility
- Companies planning investment in qualified environmental facilities, such as livestock nutrient and byproduct handling, that are otherwise capable of securing bank financing.
- How to apply
- Direct application: submit the Agribusiness Bond Program and LNMB application on the program page to GOED.
- Applicant types
- Business
- Award size
- Varies — check official page
- Funding source
- Other
- Geography
- Statewide
Proof of Concept Program
South Dakota Governor's Office of Economic Development
Up to $25,000 to prove an innovation's technical and economic feasibility before commercialization.
Up to $25,000
OpenGrant or loanMatch 10%Science, Technology, and Research & DevelopmentHousing, Community and Economic Development
The catch: Final report required; the investment may be forgiven or converted to repayment or investment terms.
Next deadline: Rolling · Rolling; applications can be submitted at any time
Eligibility, how to apply, match, contact
- Eligibility
- Entrepreneurs, universities, existing South Dakota companies and other entities committed to commercializing the results in South Dakota. Funds may pay consultants, materials and supplies, South Dakota employee salaries and feasibility or marketing studies, but not principals' or researchers' salaries, incorporation legal fees, sales or general operating costs.
- How to apply
- Direct application: submit the POC application packet (on the program page) to GOED; staff screen it within 10 days and forward it for technical and business review.
- Applicant types
- Business, Higher Education, Individual, Other Legal Entity
- Award size
- Up to $25,000
- Match
- 10%
- Geography
- Statewide
Reinvestment Payment Program
South Dakota Governor's Office of Economic Development
Reinvestment payments for large facility and equipment projects that would not happen without them.
Varies — check official page
Confirm with agencyGrantHousing, Community and Economic Development
The catch: Paid only after the project is operational and all project taxes are paid; quarterly progress reports and an affidavit within six months of completion are required.
Next deadline: Varies — check official page · Project-triggered; application due no later than 90 days after construction or installation begins
Eligibility, how to apply, match, contact
- Eligibility
- New or expanded facilities with total project costs over $20,000,000, or equipment upgrades over $2,000,000. Ineligible: buildings used mainly for retail sales to consumers (other than electricity), residential housing or lodging, health care, oil and gas pipelines, or not subject to real property tax.
- How to apply
- Direct application: file the RPP application with GOED no later than 90 days after construction or equipment installation begins, then request Board of Economic Development action.
- Applicant types
- Business
- Award size
- Varies — check official page
- Funding source
- State
- Geography
- Statewide
Revolving Economic Development and Initiative (REDI) Fund
South Dakota Governor's Office of Economic Development
South Dakota's flagship low-interest loan for business land, buildings and equipment.
Varies — check official page (sized in relation to total project cost; 3% base rate)
Confirm with agencyLoanMatch 10%Housing, Community and Economic Development
The catch: Loan, not a grant: requires a 10% minimum equity contribution and a shared first-lien position on financed assets.
Next deadline: Varies — check official page · No application deadline posted
Eligibility, how to apply, match, contact
- Eligibility
- Start-up firms, businesses expanding or relocating in South Dakota, and local economic development corporations with an eligible fixed-asset project.
- How to apply
- Direct application: complete the GOED loan application (the 2026 REDI and SD Works application, PDF or Word, on the program page) and submit it to GOED.
- Applicant types
- Business, Nonprofit
- Award size
- Varies — check official page (sized in relation to total project cost; 3% base rate)
- Match
- 10%
- Geography
- Statewide
Rural Development Ag Loan Participation
South Dakota Governor's Office of Economic Development
State participation in bank loans for value-added ag production and processing facilities.
Up to 80% of the total loan, maximum $500,000
Confirm with agencyLoanAgriculture
The catch: Loan at 3.5% fixed (2.5% for small or beginning farmers), up to a 10-year term based on collateral; serviced by the local lender.
Next deadline: Varies — check official page · No application deadline posted
Eligibility, how to apply, match, contact
- Eligibility
- Value-added agricultural production or processing projects financed through a participating local lender.
- How to apply
- Through a lender: the local lender submits the loan participation application (on the program page) to GOED.
- Applicant types
- Business
- Award size
- Up to 80% of the total loan, maximum $500,000
- Geography
- Statewide
South Dakota Jobs Program
South Dakota Governor's Office of Economic Development
Grants that offset upfront costs of relocating, expanding or upgrading equipment in South Dakota.
Varies — check official page
Confirm with agencyGrantHousing, Community and Economic Development
The catch: Intended only for projects that would not occur without the grant; board approval conditions apply.
Next deadline: Varies — check official page · Project-based; no fixed deadline posted
Eligibility, how to apply, match, contact
- Eligibility
- Companies with new or expanded facilities under $20,000,000 in total project cost, or equipment upgrades under $2,000,000. The same building types excluded from the Reinvestment Payment Program (retail, residential or lodging, health care, pipelines, non-taxable property) are ineligible.
- How to apply
- Direct application: apply to the Board of Economic Development through GOED (the RPP/SD Jobs application materials are on the Reinvestment Payment Program page).
- Applicant types
- Business
- Award size
- Varies — check official page
- Geography
- Statewide
South Dakota Works Loan Program
South Dakota Governor's Office of Economic Development
Gap loans for working capital, fixed assets and interim construction.
Varies — targets 20% of eligible project costs
Confirm with agencyLoanMatch 1:1 lender matchHousing, Community and Economic Development
The catch: Loan at a 3% fixed rate with a 1% origination fee, 10% equity, amortization up to 20 years and a 5-year balloon.
Next deadline: Varies — check official page · No application deadline posted
Eligibility, how to apply, match, contact
- Eligibility
- Businesses using the loan for business purposes with a participating lender providing at least a 1:1 match. Ineligible uses include passive real estate investment property, refinancing, and repaying delinquent or trust-held taxes.
- How to apply
- Direct application: work with a participating lender, then submit the GOED loan application (2026 REDI and SD Works application on the program page); contact a GOED business development representative first.
- Applicant types
- Business
- Award size
- Varies — targets 20% of eligible project costs
- Match
- 1:1 lender match
- Geography
- Statewide
- Contact
- name: GOED business development representative; email: [email protected]; tel: (605) 773-4633;
Value Added Sub Fund (VASF)
South Dakota Governor's Office of Economic Development
Zero-interest loans for feasibility and marketing studies of new ag development projects.
Varies — check official page
Confirm with agencyLoanAgricultureScience, Technology, and Research & Development
The catch: A loan, not a grant: 0% interest with flexible repayment.
Next deadline: Varies — check official page · No application deadline posted
Eligibility, how to apply, match, contact
- Eligibility
- Sponsors of new, innovative agricultural development projects needing feasibility, business or marketing studies.
- How to apply
- Direct application: submit the VASF Application (PDF or Word, on the program page) to GOED.
- Applicant types
- Business
- Award size
- Varies — check official page
- Geography
- Statewide
Workforce Development Program
South Dakota Governor's Office of Economic Development
Reimburses up to half the cost of technical training for new and existing employees.
Up to 50% of eligible training expenses
Confirm with agencyGrantMatch 50%Employment, Labor & Training
The catch: Reimbursement only after training is completed, with initial and follow-up reports; wage floor and wage-increase requirements.
Next deadline: Varies — check official page · No fixed deadline; application due at least three weeks before training begins
Eligibility, how to apply, match, contact
- Eligibility
- Training must be technical; new-employee training must come from company growth, not attrition; pre-training wages must be at least $19.50 per hour; current-employee trainees must get a wage increase tied to the training; the employer must offer at least partly employer-paid health insurance.
- How to apply
- Direct application: submit the Workforce Development Application (business and project information, budget detail, narrative) to GOED at least three weeks before training starts.
- Applicant types
- Business
- Award size
- Up to 50% of eligible training expenses
- Funding source
- State
- Match
- 50%
- Disbursement
- Reimbursement(s)
- Geography
- Statewide