The state board has granted $2.8 million in tax incentives to support the development of a solar farm in South Dakota, aiming to boost renewable energy infrastructure and promote sustainable power solutions. In a separate decision, a $10 million loan was approved for a cheese manufacturing plant, intended to expand production capacity and support job creation in the agricultural sector. These financial measures reflect ongoing efforts by state authorities to stimulate economic growth through strategic investments in clean energy and local industry. The solar initiative is expected to contribute to long-term energy cost savings, while the dairy facility expansion may strengthen regional supply chains and increase export potential. Both projects align with broader economic development goals focused on innovation and rural revitalization.
— news from South Dakota Searchlight
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State board awards $2.8 million in tax relief to solar farm and $10 million loan to cheese factory South Dakota Searchlight