South Dakota board approves nearly $500,000 in state loans and grants for business projects

By: Joshua Haiar

Outlets: South Dakota Searchlight

Published: August 13, 2026

Words: 379

Last Updated: 5 days, 6 hours ago

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A South Dakota board approved a total of $481,199 in state loans and grants Wednesday for businesses in Rapid City and De Smet.

The Board of Economic Development approved a $300,000 loan for Chemistry Distilling, a Rapid City company founded in 2024. The money will help the company purchase and renovate an industrial facility to manufacture and store high-purity ethanol.

The company’s Sam Papendick said in a statement to South Dakota Searchlight that Chemistry …

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