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State board awards $6 million in sales and use tax offsets for construction projects • South Dakota Searchlight [1]

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Date: 2025-04

A South Dakota board decided Wednesday to offset a combined $6.2 million worth of sales and use taxes for three companies that are pursuing job-creating construction projects.

The Board of Economic Development’s decision will be carried out by the Governor’s Office of Economic Development through its Reinvestment Payment Program. The program makes payments up to the amount of sales and use taxes paid on project costs.

The office estimates that the companies will spend a combined total of $419 million on the projects and create a combined total of 180 full-time jobs.

“The growth we’re witnessing in South Dakota is a direct result of the dedication and hard work of businesses investing in our future,” said GOED Commissioner Joe Fiala in a news release. “We’re excited to see these projects move forward and contribute to our state’s success.”

Big Stone Energy Storage Project LLC was awarded up to $3.39 million to incentivize the construction of a thermal energy storage facility.

The office provide no further information about the project. According to the Renewable Thermal Collaborative, thermal energy storage is a term describing “various technologies that temporarily store energy by heating or cooling various storage mediums for later reuse. Sometimes called ‘heat batteries,’ TES technologies work to decouple the availability of heat generated from renewable electricity, solar thermal energy, or even recovered waste heat from when it is actively needed, helping decarbonize industrial processes and the heating or cooling of buildings.”

Another company, Bel Brands USA, was awarded up to $2.57 million to support a 100,000-square-foot expansion of its Brookings cheese production plant.

Lastly, Dakota Line Energy was awarded up to $250,682 to develop a new 23 million gallon covered lagoon digester and install five manure separators to improve manure management and energy production.

The office provided no further information about Dakota Line Energy. A separate U.S. Department of Agriculture grant announcement says the company is in Humboldt.

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[1] Url: https://southdakotasearchlight.com/briefs/state-board-awards-6-million-in-sales-and-use-tax-offsets-for-construction-projects/

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