Downtown Sioux Falls
BUSINESS RESOURCE GUIDE
230 S. Phillips Ave. Suite 102 Sioux Falls, SD 57104 (605) 338-4009 • www.dtsf.com
THIS PUBLICATION IS SUPPORTED IN PART BY:
Augustana College Religious residential liberal arts college established in 1860. Offers Bachelors degree in 46 majors and pre-professional specializations, Masters in Nursing, Education and Teaching. Annual Enrollment: 1,700-1,800 Average # of Graduates: 300-400 Bellevue University Sioux Falls program was established in 2003 on the campus of Southeast Technical Institute offering career-relevant degree programs. Annual Enrollment: 75-100 Colorado Technical University Established in 1992 providing career-oriented education at the Associate, Bachelor and Master degree levels. Annual Enrollment: 900-1,000 Globe University/Minnesota School of Business Sioux Falls campus was established in 2007 offering masters, bachelors and associate degrees and diplomas. Annual Enrollment: 300-400 Kilian Community College Private Community college established in 1977. Annual Enrollment: 350-450 Average # of Graduates: 50-100 Mount Marty College The Sioux Falls campus houses the Nurse Anesthesia Graduate Program conferring a Master of Science Degree upon completion. Program moved to Sioux Falls in 1994. Annual Enrollment: 35-40 National American University Established in 1974 offering Associate, Bachelors and an on-line MBA degree. Annual Enrollment: 500-600 Average # of Graduates: 100-150
Sanford School of Medicine of The University of South Dakota Primary clinical campus (years 3-4) of the University of South Dakota medical school. Five residency programs are offered: Internal Medicine, Pathology, Psychiatry, Child and Adolescent Psychiatry, and Transitional. The School of Medicine was established in 1907. Sioux Falls Seminary Graduate theological institution that relocated to Sioux Falls in 1949 offering Masters and Doctoral degrees. Annual Enrollment: 150-200 Average # of Graduates: 20-50 SD Public Universities & Research Center Extension campus, established in 1992, for six South Dakota public universities offering classes in Sioux Falls. Degrees conferred from home campus include Certificates, Bachelors, Masters and PhDs. Annual Enrollment: 3,800-3900 Southeast Technical Institute Technical institute providing training in over 40 programs and offering Associate in Applied Science Degrees, Diplomas or Certificates. Established in 1978. Annual Enrollment: 2,400-2,700 Average # of Graduates: 800-900 Stewart School Established in 1950 providing cosmetology, esthetics, and nail technology education. University of Sioux Falls Religious residential liberal arts university established in 1883. Offers AA, Bachelors, Masters and PhD ED. Annual Enrollment: 1,500-1,700 Average # of Graduates: 400-500
Downtown Sioux Falls, Inc. If you own or operate a business in downtown Sioux Falls we can help your business with information and resources. Through our partnerships, we can serve you as an advocate and connect you with the business assistance resource programs to help solve your challenges. We can also assist in promoting your business opening, expansion and keep you aware of programs designed to help you meet your business goals.
DTSF, Inc 230 S. Phillips Ave., Ste. 102 Sioux Falls, SD 57104 Phone: 605.338.4009 www.dtsf.com
Small Business Development Center The SBDC is a resource that provides you with the necessary training and consulting that your company needs to thrive in a competitive business environment. Their FREE consulting services will help you with business financing, planning, marketing and financial analysis. Their expert advisors will work with you to find solutions to your business challenges.
Small Business Development Center 2329 N. Career Ave., Ste. 106 Sioux Falls, SD 57107
City of Sioux Falls Economic Development Department The primary mission of the Economic Development Division is to foster a strong economic environment which supports businesses and nurtures growth and new investment, enhances quality of life standards, and increases the economic base in Sioux Falls. Economic development incentives and resources include: • Tax Increment Financing • Property Tax Abatement program • Façade Easement program
City of Sioux Falls 224 W. 9th Street Sioux Fall, SD 57104
Dakota BUSINESS Finance Dakota BUSINESS Finance assists small businesses with financing owner-occupied real estate, leasehold improvements and long-term equipment through the SBA 504 program. The primary benefits of the SBA 504 program include a reduced down payment requirement as low as 10%, as well as offering a below-market 10- or 20year fixed rate for the portion of the project financed by SBA. The SBA 504 program also temporarily allows for refinancing of existing owner-occupied real estate debt through September 2012, which may include cash out refinancing.
Dakota BUSINESS Finance CDC 500 N. Western Ave., Suite 100 Sioux Falls, SD 57104
South Eastern Development Foundation The South Eastern Development Foundation provides gap financing to new and existing small businesses located in southeastern South Dakota. Term financing is available to assist with acquiring inventory, equipment, land, and buildings, as well as for working capital and business acquisitions. Rates and terms are determined on a project specific basis. Typically, loans are amortized between seven and 20 years, with a five-year fixed interest rate and maturity. Governor’s Office of Economic Development (GOED) No matter what your economic development needs, the Governor’s Office of Economic Development can help. They have an array of resources at their disposal – from financing to research, from networking to cutting red tape - that you can use to help your new or existing business grow. The GOED offers a full range of financing that may fit your needs. From low-interest loans, to bonds, to small-business needs, our financing programs can handle projects as small as $1,000 to as large as $100 million.
Phone: 605.367.5757 www.usd.edu/sbdc
Phone: 605.367.8180 www.siouxfalls.org
Phone: (605) 367-5390 www.dakotabusinessfinance.com
South Eastern Development Foundation 500 N. Western Ave., Suite 100 Sioux Falls, SD 57104 Phone: (605) 367-5390 www.secog.org Governor’s Office of Economic Development 711 E. Wells Ave. Pierre, South Dakota 57501 Phone: 605 367-4518 www.sdreadytowork.com
SBA 504 • Long-term, fixed-rate financing • Fixed asset purchases are eligible • Available to all for-profit businesses, including retail operations
South Dakota MicroLoan/MicroLOAN Express • Offers access to working capital for small enterprises; may also be used for fixed assets • 3% interest rate • 5 year balloon/term • Maximum loan amount of $100,000; minimum $1,000; total project costs cannot exceed $300,000 • 50% of total project cost must be provided by a bank; balance from MicroLOAN and equity injection (if required by bank); MicroLOAN subordinates to bank involved or may be in a shared first collateral position with MicroLOAN Express • Application fee is the greater of 1.5 percent of loan amount or $50 South Dakota Works Program • Business/commercial loans for companies needing working capital • Term of 1 to 3 years • Maximum loan amount: $1 million; minimum loan amount: $20,000 • Meets US Treasury guidelines as listed on loan application • Businesses may only have one WORKS loan at a time • Eligible Borrowers include businesses seeking new financing and Certified Development Financial Institutions (CDFIs) • Eligible Use of Funds are designed for Business purposes including: start-up costs, working capital, payroll, inventory and interim construction needs • Typical structure is 80 percent bank or private debt 20 percent South Dakota WORKS loan • The South Dakota WORKS loan review committee will meet to evaluate applications • The bank or credit union must file all the bank/credit union’s applicant documents to the GOED, or the borrower may submit the South Dakota WORKS application found on www.sdreadytowork.com