South Dakota board approves projects expected to generate more than $115 million and 74 jobs

South Dakota’s Board of Economic Development has approved a package of financing and incentives for business projects expected to generate more than $115 million in capital investment and create 74 new full-time jobs statewide.

The approvals, identified by the Governor’s Office of Economic Development as a July 2026 development, span defense manufacturing in Clear Lake, an industrial-supply building purchase in Sioux Falls, a dental facility in Madison and metal-recycling infrastructure in Huron. The state has not said when the projects will be completed or when the projected jobs will be filled.

The investment and job totals are projections associated with the approved projects, not investment already spent or jobs already created.

Largest approval supports ammunition-production expansion

AMTEC Corporation’s Tech Ord division received approval for a reinvestment payment of up to $2,434,648 for an expansion in Clear Lake. The payment is capped at 75% of eligible state sales and use tax paid, rather than being described as an unrestricted award.

Tech Ord plans to build and equip an automated ammunition-production facility. The project is to include warehousing, production-support and quality-assurance capabilities. The approval supports an expansion that has been proposed and approved for state assistance; the source material does not say that construction is complete or that the facility is operating.

The reinvestment payment is the largest specifically listed state incentive in the board’s package. Its tax-linked cap means the approved amount is stated as “up to” $2.43 million and is limited by eligible state sales and use tax paid.

Loans for Sioux Falls and Madison projects

Quality Nut & Bolt Company received approval for a $309,000 SD Works loan to purchase a building in Sioux Falls. The source material identifies the financing purpose as a building purchase but does not provide a projected job total for that individual project.

Madison Family Dental received approval for a $250,000 SD Works loan for a new facility in Madison. The new facility is expected to create eight full-time jobs. That expectation is part of the statewide projection and is not a report that the positions have already been filled.

Both awards are loans through the SD Works program. The approved record does not provide repayment terms, construction timing or a completion date for either project.

Recycling project and partnership support

Dakota Metal Recycling received approval for a South Dakota Jobs Program grant of up to $214,465 for an integrated metal collection, shredding and sorting facility in Huron. The Governor’s Office of Economic Development described the project as South Dakota’s first integrated metal-recycling facility.

The grant amount is also an upper limit, not a statement that the full amount has been paid. The source material does not provide a construction schedule, operating date or separate employment estimate for the Huron facility.

The board additionally approved economic-development partnership grants for Ally Dakota Development and Elevate Rapid City. The approved package includes partnership-grant amounts of up to $7,500 and $6,000. The source record provided does not specify which organization received each amount.

What the approvals mean

The board action authorizes state economic-development tools for the named projects, but it does not establish that all financing has been disbursed, all construction has begun or the anticipated economic results have occurred. The package combines a tax-linked reinvestment payment, SD Works loans, a Jobs Program grant and partnership grants.

For businesses, the approvals provide access to the listed state programs for expansions, facilities and equipment-related development. For the public, the state’s role includes the approved incentive and loan amounts, while the official release frames the expected return as private capital investment and new full-time employment across several communities and industries.

No exact publication date within July 2026, project completion deadlines or job-filling deadlines were included in the official indexed record.

Sources

• Board Approves Business Expansion, Defense Manufacturing, And Workforce Development Investments, South Dakota Governor’s Office of Economic Development