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Tax CreditSouth DakotaActiveVerified

South Dakota Reinvestment Payment Program

Governor's Office of Economic Development (GOED)SD-REINVEST
Max per Applicant

Varies

Maximum a single org can receive

Deadline

Rolling / No deadline

Jurisdiction

South Dakota

About This Program

Cash payments for out-of-state businesses reinvesting in South Dakota capital projects, providing a one-time benefit tied to the sales tax paid on construction materials for qualifying new facilities.

Key Requirements & Eligibility

  • 1Facility must be a new construction project in South Dakota (not an expansion)
  • 2Business must be a new South Dakota employer (from out of state)
  • 3Reinvestment payment: refund of state sales tax paid on construction materials
  • 4Minimum project cost: $20M for manufacturing; $5M for certain others
  • 5Must apply before breaking ground; annual program cap applies

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Apply or Learn More

Visit the official page to review full eligibility requirements and apply.

Official Source
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Applicable Industries

ManufacturingLogisticsTechnologyAgriculture & Rural
Official Source