• EXPANSION

  • RETENTION

  • RECRUITMENT

WORKING TOGETHER WITH LOAN FUNDS

USDA provides grants to local utility organizations which use the funding to establish Revolving Loan Funds (RLF). Loans are made from the revolving loan fund to projects that will create or retain rural jobs. When the revolving loan fund is terminated, the grant is repaid to USDA.

Types of projects such as:

  • Business incubators.

  • Community development assistance to nonprofits and public bodies (particularly for job creation or enhancement).

  • Facilities and equipment to educate and train rural residents to help economic development.

  • Facilities and equipment for medical care for rural residents.

  • Start-up venture costs, including, but not limited to, financing fixed assets such as real estate, buildings, equipment, or working capital.

  • Business expansion.

  • Technical assistance.

§ 4280.23 Requirements for lending from Revolving Loan Fund (click below to read more)

Apply now for the latest round of funding!

Deadwood historic preservation grant & loan Programs

The Deadwood Historic Preservation Commission has created numerous grant & loan programs to help with the restoration of Deadwood's National Historic Landmark and the resources listed on the National and South Dakota State Registers of Historic Places. Maintaining these designations is critical to the economic success of the city and to the quality of life of its residents. The objective of the grant program is to stimulate quality restoration, protection and interpretation of buildings, sites and properties that contribute to an understanding of the history of the City of Deadwood.

It is in Deadwood’s interest to promote the preservation and interpretation of historic sites, buildings, and properties throughout the state when those buildings, sites and properties are related to historic preservation in Deadwood. The expense of such preservation projects may discourage owners and managers from undertaking necessary projects or may result in a lower quality of craftsmanship. The purpose of these grant funds is to assist and encourage property owners and managers to restore and protect their properties and to interpret their relationship to Deadwood’s history.

The City of Deadwood and the Deadwood Historic Preservation Commission reserve the right to revise grant policies or discontinue the program at any time without public notice. It is the responsibility of the applicant to ensure that they are in accordance with these grant programs.

Lead Incentive Programs

All areas/properties within Lead city limits are eligible. The work completed must add a minimum of $5000.00 of assessed value to the property.

Tax Incentive (based on added value of improvements and/or additions)

Year 1: 25% of the pre-adjusted value

Year 2: 25% of the pre-adjusted value

Year 3: 50% of the pre-adjusted value

Year 4: 50% of the pre-adjusted value

Year 5: 75% of the pre-adjusted value

Year 6: 75% of the pre-adjusted value

Year 7: 100% of the pre-adjusted value

Details

Eligible work includes all work to improve the structure, to include, but not limited to, foundations, outside walls, decks, driveways, garages, framing, new walls, remodeling, fixtures, roofs, painting, carpet and flooring.

Ineligible work includes, but is not limited to, landscaping, fences, retaining walls and gardens.

All eligible work must be listed on the Building Permit issued by the Building Inspector of the city of Lead.

All eligible work will be assessed by the Lawrence County Equalization and will not be based on the Building Permit value.

Lawrence county Incentive Programs

The Lawrence County Revolving Loan Fund is a fund specific to business start-up & expansion in Lawrence County. Applications are reviewed by the Lawrence County Commission and the fund is managed by the West River Business Service Center under Black Hills Community Economic Development.

ECONOMIC DEVELOPMENT IS DRIVING CHANGE, let US put you IN THE FAST LANE.