South Dakota Data and Stories

State Fact Sheet

Map of Selected Projects in South Dakota

Community Testimonials

NMTC helps low income communities retain and create jobs and leads to significant new investment in commercial infrastructure that supports the long term tax base of the area.

-Linda Salmonson, Rural Electric Economic Development, Inc., Madison, South Dakota

Selected Projects in South Dakota

Mahpiya Luta

Pine Ridge,
SD
(2024)

Energy

CDE(s): Bluehub, USBCDE

BlueHub Capital has awarded tax credits to Maȟpíya Lúta (Red Cloud) on the Pine Ridge Reservation, facilitating a $13 million investment in significant infrastructure projects. The funds will support the

Global Polymer

Madison,
SD
(2024)

Manufacturing

CDE(s): CEI Capital Management, Community Development Venture Capital Alliance, Dudley Ventures, TruFund

Industrial manufacturer expands their production facility following a long-awaited advancement in polyethylene production.

GROW CTE School

Pine Ridge,
SD
(2023)

Schools

CDE(s): Dakotas America, USBCDE

This project will finance the expansion of Lakota Tech High School near Pine Ridge, SD. Built in 2020, Lakota Tech High School consists of 78,810 sq.ft. It is the only

Lakota Tech

Pine Ridge,
SD
(2019)

Community, Daycare and Early Childhood, Public School, Restaurants and Catering, Retail and Commercial, Rural, Schools, Targeted Populations, Youth and Families

CDE(s): Dakotas America, USBCDE

The NMTC finances a fourth school in one of the most economically distressed communities in America.

Youth and Family Services of South Dakota

Rapid City,
SD
(2018)

Community, Daycare and Early Childhood, Healthcare, Youth and Families

CDE(s): National Community Investment Fund, Partners for the Common Good, Wells Fargo

A new facility allowing YFS to serve an additional 2,000 children each year.

Citizens Bank Building

Aberdeen,
SD
(2018)

Business Development, Historic Rehabilitation, Office, Rural

CDE(s): Local Initiatives Support Corporation

Provided $800,000 rehabilitation loan for historic building to be converted to offices in Aberdeen, SD.

GROW Wolf Creek School

Pine Ridge,
SD
(2018)

Schools

CDE(s): Dakotas America, USBCDE

Expansion and renovation of a South Dakota public school located within the Oglala Lakota Nation.

Community Health Center of the Black Hills

Rapid City,
SD
(2015)

Behavioral Health, Community, Dental Services, FQHCs, Healthcare

CDE(s): Midwest Minnesota CDC

Financing for an expanded clinic, now able to see an additional 3,200 patients annually who would have otherwise been turned away for service.

Jack Links Beef Jerky Manufacturing and Water Treatment Facility

Alpena,
SD
(2012)

Food Manufacturing, Manufacturing, Waste Management, Water Management

CDE(s): Chase, Dakotas America, Midwest Minnesota CDC

Demand for beef jerky was rising, and the Jack Link’s upgraded plant in Alpena answered the call. Link Snacks Inc., or LSI, which produces Jack Link’s products, completed a 26,000

Batesland Elementary School

Batesland,
SD
(2011)

Community, Daycare and Early Childhood, Energy, Public School, Schools, Youth and Families, Youth Program

CDE(s): Dakotas America

This project has created the funding to expand and rehabilitate a second elementary school project on the Pine Ridge Indian Reservation in Batesland, South Dakota.

Ogala Lakota County School District

Porcupine,
SD
(2011)

Schools

CDE(s): Citibank, Dakotas America

This New Markets Tax Credit (NMTC) transaction financed the major rehabilitation and expansion of a Oglala Lakota County School District K-8 public school. Located near Rockyford, South Dakota, the school

South Dakota Wheat Growers Co-op

Cresbard,
SD
(2007)

Business Development, Grocery and Fresh Food, Manufacturing, Retail, Retail and Commercial, Rural, Timber and Agriculture, Warehouse and Wholesale

CDE(s): Rural Development Partners

Rural Development Partners NMTC alocation to provide a $14.25 million loan to fill a financial gap and make the Cresbard project the first large-scale project the community has seen in

Site visits and recent news related to South Dakota NMTC Projects

Senator Thune (R-SD) tours Youth & Family Services in Rapid City

This Tuesday, Senator John Thune (R-SD) visited Youth & Family Services (YFS) in Rapid City, SD, for an event celebrating their ongoing expansion.

Learn more...

Sep-2018

Global Polymer Industries, Inc. Closes On $10 Million Of New Markets Tax Credit Financing from CEI Capital Management LLC

September 2, 2024

First-Time NMTC Allocatees Plan to Commit Funds to Manufacturing, Real Estate, Job Creation

November 3, 2021