Learn More about CDFI's and Small Business Resources in South Dakota see here
While the federal government does not provide grants for starting or growing small businesses, one of the mechanisms in place to promote small business growth and economic development is the Community Development Financial Institution Fund managed by the US Department of the Treasury.
Community Development Financial Institutions fall into four categories:
Dakotas America, LLC
First Nations Oweesta Corporation
Four Bands Community Fund, Inc.
Grow South Dakota
InterTribal Bison Cooperative
Lakota Fund, The
Mazaska Owecaso Otipi Financial, Inc
Oglala Sioux Tribe
Oti Kaga, Inc.
Rosebud Sioux Tribe
Sisseton Wahpeton Sioux Tribe
South Dakota Rural Enterprise, Inc.
Sioux Falls SD
South Eastern Development Foundation
Teton Coalition, Inc.
The Harvest Initiative, Inc
The Sicangu Fund
The The Minority Business Development Agency has recently constituted the Minority Business Enterprise Centers (MBEC) Program wherein it aims to support minority-owned businesses by providing them with electronic and one-on-one business development services for a reasonably nominal fee.
The Recovery Capital Loans Program provides financial assistance to small business with less than 500 employees to obtain a deferred payment loan from the agency, in order to meet existing debt payments, thereby giving the business the opportunity to refocus their business strategy.