Economic Development
Incentive Program Overview
Façade Easement Program
The City of Sioux Falls Façade Easement Program aims to help preserve the face of significant buildings on some of the city's oldest properties. Its goals are at economic development, revitalization, and historic preservation in the core of the city.
Through the program, the owner of a participating building agrees to make approved improvements to a building's façades and transfer an easement to the City on the character-defining façade.
The program is designed to provide maximum opportunities for development while enhancing the aesthetic appeal of buildings in the core of the city by providing resources to assist in revitalizing the appearance of significant buildings.
More Information on Facade Easement
Online Application
TIF (Tax Incremental Financing)
Since the City of Sioux Falls established its first Tax Increment Financing District in 1989, the City has taken a conservative approach to the establishment of TIF Districts in Sioux Falls. The City has effectively and reasonably used TIF as a development incentive for blighted areas within the core of our community.
More Information on Tax Incremental Financing
City of Sioux Falls Sales Tax Refund
Pursuant to Title III , Sections 37-165 through 37-175 , of the Revised Ordinances of Sioux Falls, SD, offers a refund or credit for sales tax paid by person(s) who incur costs for the furnishing and equipping only of a new business facility that satisfies the eligibility requirements as set forth in Section 37-167 of the Revised Ordinances of Sioux Falls, SD.
More Information on Sales Tax Refunds
Tax Abatement Programs
The City of Sioux Falls has several different property tax abatement programs. For more information on whether or not your property qualifies, please contact Dustin Powers at 605-367-8897 in the Planning Division.
State/Local Incentives
The South Dakota Governor's Office of Economic Development offers several incentives to new or expanding businesses that assist with the overall cost of a project. Below are several important ones.
More Information on Tax Incentives