New Funding Source For South Dakota Companies

KELO money 100 dollar bills

Entrepreneurs can make a big difference in an area’s economy. 

There’s now another way new companies in South Dakota can get funding. 

South Dakota Equity Partners, a public-private partnership supported by the Governor’s Office of Economic Development, has raised $16.9 million. 

“SDEP had its initial closing at the end of June, which means it is ready to start investing in a variety of projects, primarily in research commercialization and knowledge-based companies,” Governor Dennis Daugaard said.  “SDEP’s long-term goal is to diversify the portfolio across industries and with companies needing equity capital to facilitate their growth capacity as they move through their business life cycle stages.”

The equity capital is for early and growth stage companies.

For more information, contact Blaine Crissman at or 605.553.6032.

Copyright 2020 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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