The South Dakota Governor’s Office of Economic Development is now accepting applications for $960,000 in funding for the Ethanol Infrastructure Incentive Program for the 2013 fiscal year. The first $760,000 of qualifying project applications will be awarded grants. The additional $200,000 portion of the program funds will be awarded on a competitive basis following the completion of the first phase of funding. Applications are now available.
The State of South Dakota has allocated $3.5 million over the next five years to get the program on its feet. In the first 2012 funding cycle, $940,000 in award funding was allocated to 26 retail fuel stations for the installation of 55 ethanol blender pumps. Of those projects, at least six have been completed.
The Ethanol Infrastructure Incentive Program was designed to alleviate retailers across the state from costs associated with the installation of blender pumps.
Ethanol pumps must be installed at a retail location and:
Awardees must continue to sell ethanol blends in excess of 15 percent for a minimum of 24 months of receiving assistance, or repay grant award. GOED may forgive a failure to comply if any of the following conditions are met:
*The amount sought to be repaid may be prorated based upon the number of months less than 24 that ethanol blends were sold.
Additionally, a report or reports of quantities of biofuel blends sold may be required during and after the 24 months of receiving assistance. South Dakota motor fuel retailers must agree to comply with pump removal guidelines, and dispose replaced pumps according to state law.
Applications will be accepted starting July 2, 2012. Organizations applying for the grant must submit the application form (Word) and supporting documentation to Hunter Roberts via postal mail or e-mail at:
South Dakota Governor’s Office of Economic Development
711 E. Wells Ave.
Pierre, SD 57501
Supporting documentation must include: