Pooled Bond Program (South Dakota)
Last modified on February 12, 2015.
|Name||Pooled Bond Program (South Dakota)|
|Policy Category||Financial Incentive|
|Policy Type||Bond Program|
|Affected Technologies||Biomass/Biogas, Coal with CCS, Concentrating Solar Power, Energy Storage, Fuel Cells, Geothermal Electric, Hydroelectric, Hydroelectric (Small), Natural Gas, Nuclear, Solar Photovoltaics, Wind energy|
| Last Substantive Modification
The Pooled Bond Program offered by the Economic Development Finance Authority is designed for capital intensive projects, providing small businesses access to larger capital markets for tax-exempt or taxable bond issuances. Bond proceeds can be used to finance 80 percent of new construction, and 75 percent of new equipment costs, with no greater than 25 percent of the bond proceeds being used for ancillary activities such as office or inventory space.
|Contact Name||Travis Dovre|
|Department||South Dakota Governor's Office of Economic Development|
|Address||711 E. Wells Avenue|
|Place||Pierre, South Dakota|
|Phone 2||(605) 773-3301|
Authorities (Please contact the if there are any file problems.)
|Authority 1:||Economic Development Finance Authority|