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Goal 2 -
Increase GSP (Gross State Product) by $10 billion by 2010 |
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Legend:
 = Completed
 = In Progress
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Not Completed |
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2A. Promote
the creation and development of new businesses |
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Support Entrepreneurship in South Dakota, ONGOING |
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Support Inventor's Congress with local Chambers of Commerce. |
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Establish hand holding infrastructure. ONGOING
- Connect entrepreneurs with hand holders, grant-writers, mentors, angel investors.
- Coordinate with existing entities. (e.g. SBIR, SBDC, Enterprise Institute, SCORE)
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Introduce finance program changes |
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Increase MicroLoan lending limit to $50,000 and incorporate into REDI Fund with new legislation. |
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Loan $3 million from REDI fund to regional revolving loan funds. |
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Establish high opportunity fund with REDI board. |
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Develop new industry clusters and enhance those
already existing (services, energy, healthcare, biotech, financial, insurance, firearms)
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2B. Promote the growth/expansion of existing businesses |
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Create Red Tape Task Force to review state statutes. |
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Re-establish Manufacturing Extension Partnership (MEP). |
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Re-establish Procurement Technical Assistance Center (PTAC). |
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Assist with branding and marketing of products produced in South Dakota.
- Re-institute Made in South Dakota program.
- Help South Dakota companies develop Internet presence.
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Make finance program changes.
- Alter REDI rules to make money easier to obtain.
- Raise bonding limit to $5 million.
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2C. Promote agricultural and natural resource development in South Dakota |
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Promote agribusiness projects. ONGOING |
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Promote ethanol and the renewable energy sector.ONGOING |
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