BH Free Business Help

West River Business Service Center

This content shows Simple View

Financing

Capital Investment Entity Program

Purpose

Providing companies with increased access to capital is one of Governor Rounds’ primary objectives. He was instrumental in creating the South Dakota Capital Investment Entity Loan program, which allows borrowing entities to invest in South Dakota companies.

When matching state dollars on a four to one basis, a borrower may increase their investment in a South Dakota company by 25 percent. The purpose of the program is two-fold. First, it allows borrowers to increase their investment in South Dakota companies. Second, they can invest in more companies.

By working with a loan officer at the South Dakota Department of Tourism and State Development, qualifying applicants will be able to secure a loan whose proceeds can be used to invest in other worthy South Dakota businesses.

Capital Investment Entity Program

Continue reading 



Entrepreneur Support Program

Purpose

Fostering entrepreneurship is one of Governor Rounds’ most critical objectives. That’s why helping turn ideas into reality is a priority of the South Dakota Department of Tourism and State Development.

The South Dakota Entrepreneur Support Program was established to provide financial assistance to people who have an idea for a new business, but lack all the capital necessary to breathe life into their idea. If you are approved for a loan, you may be entitled to a 3-year debt service holiday (no interest or principal payments for the first three years.
By working with a loan officer at the South Dakota Department of Tourism and State Development, a qualifying small business will be able to secure a loan that can be used to take its idea to that all important next step.

Support Entrepreneurs

Continue reading 



Workforce Development Program

When it comes to training, South Dakota puts its money where its mouth is. Through our Workforce Development Program, companies have access to dollars to help train new AND existing employees. Think your business could benefit by upgrading your employee’s skills?  Click on the links below to find out more.

The Governor’s Office of Economic Development will provide technical assistance to help develop the Workforce Development Program application. Technical assistance is provided to help identify approaches and ideas necessary to develop a successful project.

The application must be completed and submitted before training is scheduled to begin. The application must contain the following:

  • Business and Project Information
  • Budget Detail
  • Program Narrative

Send the completed application to:

Workforce Development Program
Governors Office of Economic Development
811 E 10th Street, Department 44
Sioux Falls, SD 57103-1650
P: 605-367-5340
F: 605-367-5312
E: Ann.Gesick-Johnson@state.sd.us

A response to the application will be made approximately thirty days after the completed application is submitted. An incomplete application will slow the review process

Payment of the grant for approved applications will be made upon the completion of training.

 

wfd

Other Training Resources:

    • South Dakota Department of Labor
    • South Dakota Career Center
    • Business and Industry Training
    • WIA
    • Amazon seo services


Governor’s Office of Economic Development – South Dakota

Welcome to the South Dakota Governor’s Office of Economic Development Home Page. We hope you find our site as friendly as our people. This site contains information on taxes, employment, available property, county statistics, financing options, incentives, business startup and entrepreneurship information, and current information on what’s happening in economic development in South Dakota.

We hope our site provides you with the information you need. If not, we invite you to call us at 800-872-6190 and we’ll be happy to assist you.

Governor's Office Economic Development

Visit the site




top