A South Dakota economic development board this week approved up to $2.8 million in tax relief for Grant Solar LLC to build a solar farm. The board also approved a ten-million dollar state loan to Bel Brands, a cheese factory known for producing mini-cheese wheels dipped in red wax, and a $7,500 state grant to help local businesses grow.
Officials expect the projects to result in a combined $395 million in private investment and create 163 jobs.
“We’re supporting a major expansion in food production, investing in renewable energy, and fueling local economic development,” Gov. Larry Rhoden said in a press release.
“Each project strengthens our communities and ensures long-term growth for our state.”
The Board of Economic Development approved the awards Wednesday.
NAFB news service
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