South Dakota small business grantsSmall business grants in South Dakota are an amazing opportunity for small businessmen with limited access to funds and capital. Business subsidies have specific requirements. While it is true that there are many types of grants, no one is providing “free money” to anyone who asks. In many aspects, business subsidies are similar to scholarships. Grant money is offered to everyone, who meets many eligibility criteria for the assistance and agree to follow specific rules for how the money can be spent.

How to receive small business grants?

If you find business grants that you believe you are qualified to receive, it is important to complete the application program very carefully. Do not omit any information as this may lead to you being excluded from the program. Provide as much relevant detail as possible and ask at least three people proofread your application. If you can afford, you can even call for help from a freelance writer. A professional with a proven track record is likely to be able to provide advice that can increase your chances of getting the small business grants in South Dakota.

If you are not located in one particular location for your business, you may be able to increase your eligibility for the subsidy by choosing to settle a company in a rural area. Small communities often have strong efforts to help businesses succeed further, especially if they believe the company will help generate employment opportunities for local residents. Apart from subsidies, there are also a number of tax breaks, you may be offered if you agree to stay in the region for a certain period of time.

Starting a small business is easier with grant money

There are many state programs available for people who want to start a small business. Most are administered by the economic development agency, which is a good place to start your search for funding opportunities available. A representative in your local Small Business Administration (SBA) office may also be able to provide suggestions on who is eligible on grants available to small businesses.

Up-to-date grants offers in South Dakota

Analysis of Acoustic-Tag Data from Juvenile Chinook Salmon: 2012 Data and Historical Analyses

Department of interior logoDate for applicants: Jun 22, 2012 – Jun 29, 2012
Estimated Total Program Funding: $40,900
Award Ceiling: $40,900
Expected Number of Awards: 1
Category of Funding Activity: Natural Resources
Agency Name: Fish and Wildlife Service
Contact Person: Dwight Luginbill 209-334-2968

Personal Responsibility Education Program (PREP) Competitive Grants under the Affordable Care Act

health logoDate for applicants: Jun 22, 2012 – Aug 06, 2012
Estimated Total Program Funding: $18,652,200
Award Ceiling: $900,000
Expected Number of Awards: 30
Category of Funding Activity: Income Security and Social Services
Agency Name: Administration for Children & Families – ACYF/FYSB
Contact Person: ACF Applications Help Desk

Bluefin Tuna Research Program -BTRP

Department of CommerceDate for applicants: Jun 21, 2012 – Aug 20, 2012
Estimated Total Program Funding: $600,000
Award Ceiling: $300,000
Expected Number of Awards: 5
Category of Funding Activity: Environment Natural Resources Science and Technology
Agency Name: Department of Commerce
Contact Person: Steve Drescher

Office of Special Education Programs (OSEP) Technical Assistance and Dissemination To Improve Services and Results for Children With Disabilities–Early Childhood Technical Assistance Center – CFDA Number 84.326P

Department of EducationDate for applicants: Jun 21, 2012 – Aug 20, 2012
Estimated Total Program Funding: $3,700,000
Expected Number of Awards: 1
Category of Funding Activity: Education
Agency Name: Department of Education
Contact Person: Joyce Mays 202-245-6122

Innovative Transit Workforce Development Program

Department of transportationDate for applicants: Jun 14, 2012 – Jul 06, 2012
Estimated Total Program Funding: $5,000,000
Award Ceiling: $1,000,000
Expected Number of Awards: 24
Category of Funding Activity: Labor and Training Transportation
Agency Name: DOT/Federal Transit Administratio
Contact Person: Betty Jackson 202-366-1730

Why are small grants more beneficial than loans?

You may wonder how small business grants in South Dakota differ from loans. Keep in mind that loans have their own interest rates, terms and repayment schedules, while taking grants you do not have to repay this money. Of course, all financial assistance programs for business owners have their own eligibility requirements and intended uses.

Who can receive small business grants?

Some types of business subsidies are awarded on the basis of the background of the person seeking to start the business. For example, there are grants for business women and for minorities and the disabled. In some regions, the government is experimenting with the provision of grant funds to low-income individuals who wish to pursue independent work in the fields of child care, landscaping, or household. Of course, almost any company can receive a grant, if it follows the size standards established by the Small Business Administration (SBA).

Extra help for small business owners

Small Business Development Center
416 Production Street, Aberdeen, SD
(605) 626-2565 ‎ ·

US Small Business Administration
110 S Phillips Ave # 200, Sioux Falls, SD
First Financial Services LLC
(605) 330-4231 ‎ ·

Small Business Development Center
444 N Mount Rushmore Rd, Rapid City, SD
(605) 394-5311

Small Business Development Center
1808 Summit Street, Yankton, SD
(605) 665-0751

Small Business Development Center
3431 Airport Rd # 3, Pierre, SD
(605) 773-2783

First District Development Co
124 1st Avenue Northwest, Watertown, SD
(605) 882-5115 ‎ ·

Enterprise Institute
2301 Research Park Way # 218E, Brookings, SD
(605) 697-5015 ‎ ·