Incentives

Local Incentives:

Contact the City of Box Elder, Economic and Community Development Department for specific Local Economic Development Programs that are available and specific to your project.  

Email us at economicdevelopment@boxelder.us for more information.

Statewide Incentives:

South Dakota Economic Development Finance Authority (SDEDFA) Programs:

• Tax-exempt bonds for various business purposes, including construction and equipment purchases.

Governor's Office of Economic Development (GOED) Incentives:

• Business Development Grant Program: Grants for eligible businesses that create jobs.
• Revolving Economic Development and Initiative Fund (REDI): Low-interest loans for economic development projects.

Sales Tax Refund for New or Expanding Businesses:

• Refund of sales tax on certain purchases related to new or expanded business facilities.

Job Development Program (JDP):

• Grants and loans to help businesses create jobs and train employees.

South Dakota Value Added Agriculture Program:

• Grants and low-interest loans for businesses in the agricultural sector that add value to raw agricultural products.
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Additional Resources:

South Dakota Small Business Development Center (SBDC):

• Provides resources and support for small businesses, including access to funding and incentive programs.

South Dakota Department of Revenue:

• Information on various tax incentives available for businesses.

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