South Dakota Board of Economic Development Approves $28 Million in Funding for Projects in Madison, Yankton, and Toronto
The South Dakota Board of Economic Development approved funding for projects totaling over $28 million, retaining 383 full-time jobs. A $500,000 loan was granted to Madison Area Development Corporation for a Perpetual Seed Fund Program to support entrepreneurship. Hydro Extrusion USA received a grant of up to $555,618 for reinvestment at its Yankton facility. Additionally, the board recognized a $57 million dairy digester project by Plainview Biogas in Toronto, with qualified expenses up to $40.3 million.
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The South Dakota Board of Economic Development approved funding for two projects that will generate over $28 million and retain 383 full-time jobs. A $500,000 SD Works legacy loan was awarded to the Madison Area Development Corporation for establishing a Perpetual Seed Fund Program aimed at supporting new businesses.
Hydro Extrusion USA in Yankton received a grant of up to $555,618 for reinvestment at its facility to enhance operations. The board also recognized a $57 million dairy digester project by Plainview Biogas in Toronto, with tax-exempt qualified expenses of up to $40.3 million, facilitating methane emissions conversion to renewable natural gas.
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