South Dakota Small Business Grants

With more than $2,467.00 million dollars in grants and additional local government funding sources of $2,068.00 million dollars, the majority of the federal budget in government grants is put into the business sector every year as small businesses and large corporations are the foundation of the economic growth in South Dakota. There are 21,573 business establishments in the state of South Dakota, and they break down to the following:

South Dakota Business Sector Breakdown by Size:

12,377 registered businesses in South Dakota have 0 to 4 employees. People who work at home with sole proprietorship are included in this breakdown.
3,725 registered businesses in South Dakota have 5 to 9 employees.
2,351 registered businesses in South Dakota have 10-19 employees.
1,853 registered businesses in South Dakota have 20-99 employees.
526 registered businesses in South Dakota have 100 to 499 employees.
Over 741 registered businesses in South Dakota have over 500 employees.

South Dakota Business Sector Breakdown in Service Industries:

1,782 registered businesses in South Dakota are in the Professional, Scientific and Technical Services sector.
1,024 registered businesses in South Dakota are in the Administrative, Support, Waste Management, and Remediation Services sector.
2,385 registered businesses in South Dakota are in the Accommodation and Food Services sector.
More than 2,681 registered businesses in South Dakota are also service orientated businesses but are not categorized to the above sectors.

If you are in the farming industry, you may be eligible to apply for small business grants as well. There are more than 31,000 farms in the state of South Dakota.

Starting and managing a small business in South Dakota is not an easy task. Over $10,453,529,000.00 US dollars are paid to employee salaries/payroll alone in the state of South Dakota and more than 1,979 businesses declare bankruptcy every single year. Although the federal government does not publically provide grants for starting and expanding a business, in South Dakota, some small business grants are given to business owners to start and grow their ventures, and grant recipients do not have to pay back the funding from government. Therefore, it makes sense to look into small business grants as one of your sources to fund your business.

To apply for business grants in South Dakota, contact South Dakota financial aid agencies.

Small Business Grants in Local States

Recent Business Grant Recipients

Recipient	Project, Industry, Purpose	Amount
Joseph G Furlong (Government Loan)	Project: Acquire cages, nets, and gear for aquaculture operation Industry: Agriculture, Forestry, Fishing and Hunting Purpose: Equipment	10000.00
Spectrum Signal Processing Inc (Government Grant)	Project: Digital signal processing 'softradio systems' Industry: Manufacturing, Mining and Energy Purpose: Information Not Available	6300000.00
Pirlitor Machine amp Tool Ltd (Government Grant)	Project: Manufacturing of fabricated metal products Industry: Manufacturing, Mining and Energy Purpose: Information Not Available	16500.00
Ms Margaret Beckett (Government Grant)	Project: Establish a bed and breakfast facility Industry: Accommodation and Food Services Purpose: New Business Startup	40000.00
Downtown Dartmouth Corporation Limited (Government Grant)	Project: Purchase equipment to establish technical data base Industry: Information Not Available Purpose: Equipment	7385.00

South Dakota Small Business Grants

Small Business Grants in Local States

Recent Business Grant Recipients

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