The Governor's Office of Economic Development's (GOED) Board of Economic Development approved several funding applications at its meeting Wednesday.
"It is great to see communities and businesses continue to expand and grow," said GOED Commissioner Steve Westra. "I am proud that our office can help with funding to assist with these projects."
The following action was taken:
- The North Bend Wind Project, LLC. was approved for a six-month extension in Hughes and Hyde counties through the Reinvestment Payment Program (RPP.)
- Millborn Seeds of Brookings was approved for a REDI fund loan. The $2.2 million will be used for a major expansion of storage space, loading docks, and equipment to handle, clean, package, and distribute more seeds.
- The city of Yankton was approved for a grant through the Local Infrastructure Improvement Program (LIIP). The $213,379 will be used for 31st Street and Broadway Avenue improvements.
The GOED provides financing and incentives to meet the needs of both new and existing companies. For information, go to https://sdgoed.com/partners/financing-incentives/.
Categories: South Dakota, Business