The Governor's Office of Economic Development (GOED) Board of Economic Development approved multiple funding applications at its meeting Wednesday.
The following action was taken:
- A grant application of $184,500 was approved through the Reinvestment Payment Program (RPP) for Maguire Iron Inc. of Sioux Falls. Funds will be used to help with the construction of its new facility, office, and shop.
- The City of Box Elder was granted a one-year extension on its Local Infrastructure Improvement Program (LIIP) grant in the amount of $240,125.
- Intraglobal Biologics, Inc. (IGB) of Sisseton was approved for loan forgiveness in the amount of $117,617 for its Value Added Sub Fund (VASF) loan.
Categories: South Dakota, Business, Government & Policy