South Dakota subsidizes businesses mainly through loans and grants, and two “tax incentives” pay cash reimbursements for taxes paid. Most programs are administered by the Governor’s Office of Economic Development, and applications are reviewed by the Board of Economic Development. The Office is required to publish annual reports for the major programs where recipients or projects are disclosed. The state also maintains an open data transparency portal that has all the contracts and grants. Localities in South Dakota rely on tax increment financing.
- See our analysis of GASB 77 data from 2017-2021 on our South Dakota Fact Sheet.
- See who is responsible for the implementation of GASB 77 on our South Dakota State Road Map.
Some large cities in South Dakota report tax abatements in accordance with Statement No. 77 but only 6 out of 136 school districts did in 2017. At this time there is no statutory mechanism for evaluating subsidy programs.
Our database tracking corporate misconduct, Violation Tracker, scours 450 federal, state and local agencies in compiling resolved civil and criminal cases against companies. See the list of state agencies from which we collect information in South Dakota.
Last updated August 2024.