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.