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.
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
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.
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!