Incentives

Local Incentives:

The City of Box Elder welcomes your business and is committed to making your experience seamless. To support your success, we offer a dedicated community liaison who serves as your single point of contact—guiding your company through local processes and ensuring an efficient and business-friendly experience. 

We offer a comprehensive range of incentives designed to support and encourage business growth. These incentives include both monetary benefits—such as tax rebates, grants, and infrastructure support—and non-monetary advantages, such as expedited permitting, strategic site selection assistance, and access to key local and regional partnerships. Our goal is to create a supportive environment that meets the unique needs of each business. 

Contact the City of Box Elder, Economic and Community Development Department for specific Local Economic Development Programs that are available and specific to your project.  

Email us at economicdevelopment@boxelder.us for more information. 

Statewide Incentives:

South Dakota Economic Development Finance Authority (SDEDFA) Programs:

• Tax-exempt bonds for various business purposes, including construction and equipment purchases.

Governor's Office of Economic Development (GOED) Incentives:

• Business Development Grant Program: Grants for eligible businesses that create jobs.
• Revolving Economic Development and Initiative Fund (REDI): Low-interest loans for economic development projects.

Sales Tax Refund for New or Expanding Businesses:

• Refund of sales tax on certain purchases related to new or expanded business facilities.

Job Development Program (JDP):

• Grants and loans to help businesses create jobs and train employees.

South Dakota Value Added Agriculture Program:

• Grants and low-interest loans for businesses in the agricultural sector that add value to raw agricultural products.
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Additional Resources:

South Dakota Small Business Development Center (SBDC):

• Provides resources and support for small businesses, including access to funding and incentive programs.

South Dakota Department of Revenue:

• Information on various tax incentives available for businesses.

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