Incentives & Assistance
Innovative Support and Financial Packaging Services
Every business and industry is unique. The Mitchell Area Development Corporation (MADC) recognizes these unique needs and customizes services and incentives for each business and industry project. We have the necessary expertise and a proven track record of providing innovative support for new and expanding industries. Financial packages and construction support services are available through the MADC. Call for more information on our services and incentives.
Business Environment / Taxes
South Dakota is committed to having one of the best business climates in the nation. The business climate has repeatedly received high ratings in national comparisons which center on the cost of doing business.
Companies locating in Mitchell benefit from that pro-business attitude.
- No Corporate Income Tax
- No Personal Income Tax
- No Personal Property Tax
- No Business Inventory Tax
- No Business Franchise Tax
- No Unitary Tax
| Subject |
Rank |
Year |
Source |
| Per Capita State Tax Collections |
1 |
2006 |
US Census Bureau |
| Entrepreneurial Friendliness |
1 |
2006 |
Small Business Survival Foundation |
| Student per Instructional Computer |
1 |
2006 |
Technology Counts, 2006 |
| Students per High-Speed Internet-Connected Computer |
1 |
2006 |
Technology Counts, 2006 |
| State Business Tax Climate Index |
2 |
2006 |
Tax Foundation |
| Best Corporate Business Climate |
3 |
2006 |
Pollina Corporate Real Estate |
| Health Care Costs for Business |
5 |
2006 |
Expansion Management Magazine |
| Tax Freedom Day |
6 |
2006 |
Tax Foundation |
| Vacation Cost |
6 |
2006 |
AAA |
| State & Local Tax Burden |
6 |
2006 |
Tax Foundation |
| State Liability Systems |
7 |
2006 |
US Chamber Institute for Legal Reform |
| Most Livable State |
13 |
2006 |
Morgan Quitno Press |
| Average Consumer Credit Score |
1 |
2005 |
Home Improvement Web |
| Commute Times |
1 |
2005 |
US Census Bureau |
| Safest State |
2 |
2005 |
FBI |
Loan Programs
- Low interest loan programs are available through various State, Regional and Local agencies.
- State Revolving Economic Development and Initiative Fund
- State Economic Development Finance Authority Revenue Bonds
- SBA 504 Loan Programs – South Dakota Development Corporation
- First District Development Company
- SBA 7A (Guaranteed) Loans
- Rural Electric Economic Development Loan Fund
- Areawide Business Council Revolving Loan Fund
- Mitchell Area Development Corporation Revolving Loan Fund
Land and Infrastructure Assistance
The City of Mitchell, the Mitchell Area Development Corporation, and local utility representatives work together in order to meet the land and infrastructure needs of new and expanding industries. Call and be surprised by what the MADC can do to meet your new site requirements.