The business climate in Day County, South Dakota is ideal for growing your business. In addition to an extremely favorable mixture of low taxes with high quality state and municipal services and facilities, you will pay:

• NO State Corporate Income Tax
• NO Inventory Tax
• NO Personal Property Tax
• NO State Personal Income Tax

Say "NO!" To Taxes and "YES!" to Day County, South Dakota

Years Following Construction	Percent of Taxable Value Used
1st	--
2nd	20
3rd	40
4th	60
5th	80
6th Plus	100

REDI Fund - Revolving Economic Development & Initiative Fund: The REDI Fund provides up to 45 percent of a project's total cost. Companies should secure matching funds and be able to provide a 10 percent minimum equity contribution before applying to the Board of Economic Development for a REDI Fund loan.

SD Capital Investment Fund : The CIF builds financial capacity of South Dakota's Economic Development Corporations and Revolving Loan Funds who finance local development projects.

NECOG/NESDEC :The Northeast Council of Governments (NECOG) is an association of city and county governments formed to provide technical and professional assistance to promote and assist in the funding of small business start ups, purchase of existing businesses, and expansion of businesses which, in all three instances, will create new  or retain current jobs.

EDFA Bond Finaning - This loan program, designed for more capital intensive projects, provides small businesses access to larger capital markets for tax-exempt or taxable bond issuances.

SBA 504 - The SBA 504 loan program offers subordinated, fixed rate financing to healthy and expanding small businesses. Long-tem, fixed rate financing (10-20 years) and reasonable rates (near long-term U.S. Treasury bond rates), make the 504 Program an attractive and effective economic development financing tool.

APEX : The APEX (Agricultural Processing and Export) Loan Program is designed to assist companies in communities with a population of 25,000 or less, which add value to raw agricultural products through processing, or export a minimum of 75% of its product to entities outside the State of South Dakota or replace an import. The program is open to for-profit businesses and local economic development corporations.

MicroLoan SD : The MicroLOAN South Dakota Loan Program is a partnership with the Board of Economic Development, South Dakota Development Corporation, and Governor's Office of Economic Development. These loans are made available to small businesses within the borders of South Dakota and South Dakota residents, including main street and retail operations, for working capital, equipment, real estate or other fixed asset project costs.

Value Added Ag Subfund : In 1999, a $3 million fund was created specifically to assist in funding feasibility and marketing studies for prospective value-added ag business. This Subfund of the REDI Fund is just one step toward improving value-added ag in South Dakota. By partnering with the Department of Agriculture, local communities, commodity organizations and others, the Governor's Office of Economic Development will work with you to take your project from conception to completion.

Tourism Enhancement Program : The Tourism Enhancement Program is earmarked specifically for feasibility studies and marketing of value added tourism projects. This fund is another big step toward growing tourism in South Dakota.

REED Fund : The REED Fund is a non-profit tax-exempt 501(c)(3) corporation, formed through the collaboration of rural electric cooperative members of East River Electric Power Cooperative, Inc. REED serves in eastern South Dakota and western Minnesota.The REED Fund offers financing for business development and for projects involving infrastructure and quality-of-life elements necessary to assist rural communities to retain, develop and attract businesses.

ITC REDI Fund : In 2000, the ITC Telecom Economic Development Revolving Loan Fund Program was established. This program, provides low interest loans to businesses and communities for the purpose of adding value, employment and rural community opportunities. Proposals may included healthcare, environmental, educational and safety projects.

First Children's Finance : First Children’s Finance has designed a special grant and loan package to help child care centers pay for quality improvements and facility expansion. Packages include a minimum loan of $25,000 plus an additional grant worth 10% of the loan amount to a maximum grant of $5,000. These packages are only available for a limited time, so call us today for more information.