Financial Incentives for Aberdeen Business Expansion

There are a number of financial incentives available to companies expanding in Aberdeen, South Dakota, both at the state and local levels. The total funds available from each program varies but typically is based on overall project costs, the company’s participation, number of jobs created, usage of funds, financial review, etc. If you’d like to learn more about any of these programs and how they can be used to assist with your business expansion or relocation to Aberdeen, please contact us.

Aberdeen Revolving Loan Fund

State of South Dakota Revolving Economic Development Initiative Loan Fund (REDI)

Rural Electric Economic Development Fund (REED)

Northeast Council of Governments (NECOG)

GROW South Dakota

Labor Training Cost Reimbursement

Economic Development Finance Authority (EDFA)

Tax Increment Financing (TIF)

Discretionary Property Tax Relief

SBA 504

South Dakota Microloan/Microloan Express

South Dakota Works

Reinvestment Payment Program

South Dakota Jobs Program

New Frontiers

Proof of Concept Fund

Dakota Seeds

Workforce Development Program

Local Infrastructure Improvement Program

Community Development Block Grant Program

Economic Development Partnership