Local Tax Incentives
The first 5 years have a $0 tax on new commercial construction with a real and true value of $30,000 or more. Click here for Third Amended Ordinance #95-3 (Discretionary Formula)
State Tax Incentives
The South Dakota Governor's Office of Economic Development (GOED) offers an array of financing options to meet the needs of both new and existing companies. Whether you are looking for working capital, workforce training money, or a low-interest loan, GOED can help. We have a team of enthusiastic finance professionals, established relationships with local banks and bankers in place, and a desire to see your company succeed. For more information: SDGOED.COM. ♦♦♦Low Costs, Big Benefits
South Dakota has one of the best business climates in the nation, benefitting the bottom lines of both start-ups and major operations. Our state’s limited business taxes and costs give businesses a competitive edge by helping them keep the money they make so they can continue to invest in their company’s growth. South Dakota business owners benefit from:- No corporate income tax
- No personal income tax
- No personal property tax
- No business inventory tax
- No inheritance or estate taxes