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Press Release

Board of Economic Development takes action at monthly meeting

November 9, 2022

SIOUX FALLS, SD – The Governor’s Office of Economic Development (GOED) Board of Economic Development approved two funding applications at its meeting on Wednesday, Nov. 9.

The following Reinvestment Payment Program (RPP) action was taken:

  • Dakota Renewable Hydrogen, LLC of Lake Preston was approved for $3,351,400 towards construction of a hydrogen production facility.
  • Kingsbury County Wind Fuel, LLC of Lake Preston was approved for $2,044,500 to construct a wind energy facility.

The GOED provides financing and incentives to meet the needs of both new and existing companies. For information, go to

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