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Every business and industry is unique. The Mitchell Area Development Corporation (MADC) recognizes these unique needs and customizes services and incentives for each business and industry project. Financial packages and construction support services are available through the MADC. Call 605-996-1140 for more information on our services and incentives.

Incentives Directory


Incentives Directory



Areawide Business Council Revolving Loan Fund

SERVICES Areawide Business Council offers a regional Revolving Loan Fund for job creation and economic development. This service is sponsored by Planning & Development District III. ABC’s service area includes the entire District III service area. ELIGIBILITY RLF assistance will finance both new and expanding for-profit businesses and public or private organizations. Projects must


Category: State Incentives, Grants & Loans


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First District Development Company

First District Development Company (FDDC) is a non-profit corporation promoting economic development and job creation in Eastern South Dakota. Established in 1983 as a Certified Development Company, First District Development Company is licensed by the Small Business Administration (SBA) to offer the SBA 504 Loan Program. Since 1983, FDDC has loaned


Category: Local Incentives, State Incentives, Grants & Loans, Grants & Loans


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Revolving Economic Development Initiative Fund (REDI)

Purpose We give new meaning to the phrase "ready, willing and able." Our REDI (Revolving Economic Development and Initiative) Fund is designed to help promote job growth in South Dakota. This low-interest loan fund is available to start-up firms, businesses that are expanding or relocating and local economic development corporations. How it


Category: State Incentives, Grants & Loans


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Rural Economic Development Loan Fund

The REDLG program provides funding to rural projects through local utility organizations. Under the REDLoan program, USDA provides zero interest loans to local utilities which they, in turn, pass through to local businesses (ultimate recipients) for projects that will create and retain employment in rural areas. The ultimate recipients repay


Category: Federal Incentives, Grants & Loans


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SBA 504 Loan Programs – South Dakota Development Corporation

The SBA 504 Loan Program offers subordinated, fixed rate financing to healthy and expanding small businesses. Long-term, fixed rate financing (10-20years) and reasonable rates (near long-term US Treasury bond rates), make the 504 Program an attractive and effective economic development financing tool. Criteria Type of Financing: The 504 Program is available for


Category: State Incentives, Grants & Loans


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SBA 7A (Guaranteed) Loans

The 7(a) Loan Program includes financial help for businesses with special requirements. For example, funds are available for loans to businesses that handle exports to foreign countries, businesses that operate in rural areas, and for other very specific purposes. Special Purpose Loans Program Express & Pilot Programs Export Loan Programs Rural Business Loans Use of


Category: Federal Incentives, Grants & Loans


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State Economic Development Finance Authority Revenue Bonds

Purpose Another financing option is the pooled loan program through South Dakota's Economic Development Finance Authority. This loan program, designed for more capital-intensive projects, provides small businesses access to larger capital markets for tax-exempt or taxable bond issuances. The program can fund projects individually or pool them to help lower the


Category: State Incentives, Grants & Loans


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# Mitchell Area Development Corporation Revolving Loan Fund

No description available.


Category: Local Incentives, Grants & Loans


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