Financial Climate

One size does not fit all!

Business financial assistance programs are specifically designed with the unique needs of diverse businesses in mind. The state of South Dakota and the Brookings area offer numerous funding assistance programs to help your business get off the ground and succeed quickly.

Taxes

An Unmatched Tax Climate

The South Dakota business climate is #1 for entrepreneurs (Small Business & Entrepreneurship Council) and the state's overall tax burden is 2nd in the country (The Tax Foundation).

  • No corporate income tax
  • No personal income tax
  • No personal property tax
  • No business inventory tax
  • No inheritance tax

Incentives

In Brookings, you will find what you need to make your project a reality. Whether you already operate a business here, are looking to start a business or expand or relocate here, incentives are designed to help you grow and succeed.

Brookings County offers a discretionary property tax formula for businesses investing $30,000 or more in new construction or expansion. The city of Brookings offers a sales tax incentive program. Contact BEDC to find out more about these programs.

Resources

Grant and Loan Programs

Many loan programs are available through the state and regional and local organizations, including BEDC's loan program for small businesses and the city's downtown retail grant program.

Venture Capital & Angel Funds

Options include early-stage venture funds, RAIN funds, and a local angel fund network.

Contact BEDC to find out more about resources available for your business!

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2301 Research Park Way Ste 113   |   Brookings, SD 57006   |   (605) 697-8103
© 2017 Brookings Economic Development Corporation. BEDC is an equal opportunity employer and provider.