The Governor's Office of Economic Development (GOED) Board of Economic Development approved two funding applications at its meeting this week.
The following Reinvestment Payment Program (RPP) action was taken:
- Dakota Renewable Hydrogen, LLC of Lake Preston was approved for $3,351,400 towards construction of a hydrogen production facility.
- Kingsbury County Wind Fuel, LLC of Lake Preston was approved for $2,044,500 to construct a wind energy facility.
The GOED provides financing and incentives to meet the needs of both new and existing companies. For information, go to sdgoed.com/partners/financing-incentives/
Categories: South Dakota, Business, Government & Policy