Opportunity Zones are low-income census tracts certified by the U.S. Department of the Treasury. There are 25 designated Opportunity Zones with in South Dakota, including in the cities of Rapid City, Yankton, and Vermillion.
Learn more about financing your Opportunity Zone project in South Dakota, with Qualified Opportunity Fund equity investments.
Why develop your project in an Opportunity Zone in South Dakota with OZone Financing Solutions?
OZone Financing Solutions can help you source investment capital to develop your project in South Dakota.Opportunity Zones connect private-sector investment to low-income communities, which means you can finance your project in South Dakota and stimulate the local economy. An Opportunity Zone investment is a great way to benefit both investors and communities in South Dakota, such as Rapid City, SD Metropolitan Statistical Area and Brookings, SD Metropolitan Statistical Area.
Visit our Opportunity Zone development guide to learn about developing Qualified Opportunity Zone property and to discover how OZone Financing Solutions can benefit your project in South Dakota.
We will work with you to simplify the Opportunity Zone process in South Dakota.
To successfully secure Opportunity Zone equity investment, you may need to use multiple types of capital in the final capital stack for your project. You’ll also need to establish a Qualified Opportunity Fund and market your Opportunity Zone project. OZone Financing Solutions can provide you with a turnkey, one-stop-shop solution to simplify the process.OZone Financing provides best-in-class quality, speed, and coordination for project structuring and legal documentation as well as a full marketing and fundraising package.
What areas in South Dakota qualify as an Opportunity Zone?
Our free Opportunity Zone Map will show where designated Opportunity Zones are located within South Dakota.
Ozone Financing’s Opportunity Zone map
If your project is located within a designated Opportunity Zone in South Dakota, you should familiarize yourself with the requirements for becoming a Qualified Opportunity Zone property.
South Dakota and its economic climate are vibrant.
South Dakota is an attractive destination for visitors, university students, and investors. Well-known landmarks and cities, such as Mount Rushmore National Memorial and Pierre, attract tourists to the area, and South Dakota State University and University of South Dakota draw students from across the United States and around the world. Additionally, South Dakota has embraced Opportunity Zones as a great source of potential growth for the U.S. economy and for low-income communities. Opportunity Zones provide strong returns for investors while providing communities with much-needed development capital and jobs. South Dakota has a GDP of $49.93 billion, which ranks 49th in the United States.
The State of South Dakota covers an area of 77,116 square miles, including 9 major cities,with a total population of 882,235 and 25 Opportunity Zones. It is the 46th-most densely populated state in the United States.
According to the 2010 U.S. Census, the State of South Dakota had a population of approximately 625,000 over the age of 16. Of this, approximately 444,000 people are in the labor force of South Dakota, with 423,000 who are employed and 21,000 unemployed. Unemployment statistics for the State of South Dakota in 2015 show average unemployment at 3.1%. Monthly unemployment rates in South Dakota were 2.9% in October 2015, 2.9% in November 2015, and 2.9% in December 2015.
Our EB5AN State of South Dakota regional center offers a unique alternative source of capital.
Our EB5AN State of South Dakota EB-5 regional center covers Opportunity Zones in Beadle and Lyman counties, which create a unique opportunity to further incentivize investors and diversify your project’s sources of capital. Through the EB-5 Program, qualified foreign investors can invest in a USCIS-approved EB-5 regional center projects to gain permanent resident status in the United States. Our EB5AN State of South Dakota regional center offers geographic coverage of Rapid City, Yankton, and Vermillion, including the areas of Roosevelt Park, Deer Blvd (Yankton), and Burbank Rd (Vermillion). The Rapid City metropolitan area can be found in Meade County and Pennington County, South Dakota.
Discover the benefits of developing your project in a Qualified Opportunity Zone.
Given South Dakota’s large population, becoming a Qualified Opportunity Zone business would create measurable benefits in your community. You would stimulate the local economy, there by reducing the number of unemployed people in South Dakota.
Contact OZone Financing Solutions today to learn more about developing an Opportunity Zone project in South Dakota.
Call 1-833-886-9663 or e-mail at info@OzoneFinancing.com .