South Dakota Small Business Grants

Last Updated on August 7, 2022 by Danielle McDonald

The federal government allocates the majority of the budget of more than $2,467.00 million dollars in grants and additional funding sources of $2,068.00 million dollars from the local government into the business sector since small businesses and large corporations are the backbone of South Dakota’s economic growth. The state of South Dakota has 21,573 businesses, and they are broken down into the following:

South Dakota Business Sector Breakdown by Size

• 12,377 registered businesses in South Dakota have 0 to 4 employees. This breakdown includes those who work from home and have sole proprietorship.
• 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 belong 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 part of 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.

You may also be eligible to apply for grants for small businesses if you work in the agriculture industry. In the state of South Dakota, there are more than 31,000 farms.

Small Businesses in South Dakota

It is difficult to start and manage a small business here in South Dakota. More than $10,453,529,000.00 US dollars is spent on employee salaries/payroll alone in this state, and every year, over 1,979 businesses go bankrupt. The federal government doesn’t provide grants publicly for expanding or starting a business. However, some small business grants can be given in South Dakota to help business owners start and grow their ventures. Moreover, grant recipients don’t have to repay the government funding. So, it is worth looking into small business grants to help fund your business.

Contact South Dakota financial aid agencies to apply for business grants.

Recent State Funding Opportunities

Below is a list of opportunities recently published in the local state:

FUNDING NUMBER	FUNDING TITLE
2022 NIST MEP 01	Award Competition for Hollings Manufacturing Extension Partnership (MEP) Centers in the States of Kentucky, Nebraska, Rhode Island, and South Dakota
USDA NRCS SD CIG 21 NOFO0001102	Conservation Innovation Grants (CIG) for Federal fiscal year (FY) 2021 – SOUTH DAKOTA
USDA NRCS SD CCG 21 NOFO0001099	Conservation Collaboration Grants Agreements Fiscal Year (FY) 2021 Announcement for Program Funding – SOUTH DAKOTA
USDA NRCS SD CCCA 21 NOFO0001098	Conservation Collaboration Grants Agreements FY 2021 Announcement for Program Funding – SOUTH DAKOTA
USDA NRCS SD CIG 20 GEN0010787	NRCS’ Conservation Innovation Grants (CIG) for Federal fiscal year (FY) 2020 – State of South Dakota (SD)
BOR MB 20 N004	Aquatic Invasive Species Prevention Activities in South Dakota
USDA NRCS MULTI CCG 20 GEN0010740	Conservation Collaboration Grants or Agreements Fiscal Year (FY) 2020 Announcement for Program Funding – MONTANA, NEBRASKA, NORTH DAKOTA, and SOUTH DAKOTA
F19AS00271	Promoting grassland conservation and management through ranching in the South Dakota Prairie Pothole Region
F19AS00259	2017 Prairie Pothole Joint Venture Implementation Plan conservation delivery in North Dakota, South Dakota, and Minnesota
USDA NRCS MULTI STATE CENTRAL 19 01	Conservation Collaboration Grants or Agreements Fiscal Year (FY) 2019 Announcement for Program Funding – MINNESOTA, NEBRASKA, NORTH DAKOTA, SOUTH DAKOTA, and KANSAS

You can also find South Carolina small business grants and Tennessee small business grants on our site.