Farmers, rendering plant promise 26 jobs with $3.6M in South Dakota loans
12 Feb 2025
News
More than two dozen jobs and $26.6 million in capital expenditures are anticipated to follow the latest round of economic development funding OK’d by the Governor’s Office of Economic Development.
The South Dakota Governor’s Office of Economic Development (GOED) Board of Economic Development and the Economic Development Finance Authority (EDFA) have approved $3.6 million worth of bonds and low-interest loans Gov. Larry Rhoden says will boost the state’s agricultural sector and strengthen South Dakota’s economy.
“South Dakota is Open for Opportunity, especially in our agriculture sector,” Rhoden said. “We’re proud to provide an environment where agricultural businesses can succeed.”
More Topics
Incentives Abound for Light Industry in Wall, SD
Jan 29 2025With South Dakota boasting one of the best business climates in the country, the Wall Economic Development Corporation (WEDC) welcomes companies interested in low taxes, a low cost of doing business, and a lack of red tape to check out its new, centrally located, 85-acre Industrial Park. Wall’s robust, local...
The Regenerative Agriculture Finance Program, also known as RAF, was launched in January 2022 by Farmers Business Network in collaboration with Environmental Defense Fund. The pilot year of the RAF program included 48 corn, wheat and soybean farmers seeking access to lower interest rates on operating loans by achieving standards...
South Dakota receives more than $2.65 million across 17 projectsHURON, S.D., Jan. 17, 2025 – U.S. Department of Agriculture (USDA) Rural Development State Director for South Dakota Nikki Gronli today announced that USDA is funding 17 projects to expand access to clean energy systems and increase availability of domestic biofuels...