Ongoing program · Tax credit or incentive
South Dakota Reinvestment Payment Program
South Dakota Governor's Office of Economic Development, State of South Dakota
Key facts
Copied word-for-word from the official South Dakota state agency page. Last verified October 28, 2026.
- Program name
- South Dakota Reinvestment Payment Program
- Issuing agency
- South Dakota Governor's Office of Economic Development (State of South Dakota)
- Funding type
- Tax credit or incentive
- Funding purpose
- Business and Commerce
- Status
- Ongoing program
- Application deadline
- Ongoing program · no application deadline publishedAgency note: The application must be completed and submitted no later than 90 days after construction or installation of equipment begins.
- Published credit or incentive amount
- Not stated on the official South Dakota state agency page
- Eligible applicants (our reading of the official page)
- For profit organizations other than small businesses
- Small businesses
- Relevant to
- BusinessesHow we determined this: Derived from the eligibility statement on the official page (business).
- Geographic restrictions
- This is a South Dakota state program. Check the official page for location requirements.
- Official source
- View the official program page ↗
- How to apply (from the official page)
- The project owner must apply to the Board of Economic Development for the consideration for a reinvestment payment no later than 90 days after starting construction.
- Source
- sdgoed.com/program/rpp/
- Last verified
- October 28, 2026 (against the official South Dakota state agency page)
- Record confidence
- highCurated from the official agency page; reviewed by an editor.
Eligibility details (from the agency)
Companies pursuing new or expanded facilities with a total project costs in excess of $20,000,000 or equipment upgrades with a total project cost in excess of $2,000,000 are eligible to apply to the Board of Economic Development for a reinvestment payment under this program.
Description (from the official program page)
The Reinvestment Payment Program provides reinvestment payments to projects in excess of $20,000,000, or with equipment upgrades in excess of $2,000,000. The awards are intended for projects that would not have occurred without the reinvestment payment. The program is a component of 2013’s “Building South Dakota” legislation, which focuses on education, housing, infrastructure, local economic development efforts, and large and small project needs.