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• Population (2008): 804,194
• Largest Cities (2008): Sioux Falls, 154,997; Rapid City, 65,491; Aberdeen, 24,460; Watertown, 20,488;
Brookings, 19,865
• Targeted Industries: Biotechnology, Medical Device Manufacturing, Trade/Transportation/Utilities
• Key Incentives:
Agricultural Processing/Export Fund, Revolving Economic Development/Initiative Fund, Microloan
South Dakota Loan
• GDP (All Industry 2008): $37 billion*
*Bureau of Economic Analysis, U.S. Department of Commerce
The SBA 504 Loan Program offers subordinated, fixed-rate financing to healthy and expanding small businesses. The program offers long-term, fixed-rate financing and is available for fixed asset purchases including land, buildings, new construction, and equipment with a life of 10 years or more. The SBA 504 recognizes the financial risk of start-up businesses and single purpose facilities and is willing to participate in these ventures; however, an equity injection of 10% to 20% may be required over and above the initial 10% equity injection requirement.
The Value-Added Agriculture Subfund is a $3 million fund that was created to help fund feasibility and marketing studies for prospective value-added agriculture business. The goal is to find niche markets that will add value to South Dakota agriculture commodities; to help fund marketing and feasibility studies; and to help assemble the right people, capital, and labor for a successful project.
The Microloan South Dakota Loan Program makes loans available to small businesses within the borders of South Dakota and to South Dakota residents, including main street and retail operations, for working capital, equipment, real estate, or other fixed-asset project costs.
Explore detailed community demographic information at ZoomProspector.com
2009 Business Facilities Rankings Report
Logistics Gets Lean, Mean and Green
2008 Business Facilities Rankings Report
