Tax Abatement: Property taxes resulting from either a new business or the expansion of an existing business at or above an assessed value of $30,000.00 may be abated according to a five-year schedule: 1st year - 100%, 2nd year - 80%, 3rd year - 60%, 4th year - 40%, 5th year - 20%. See Chapter 11-2 of the Brandon Ordinances.
Tax Increment Financing (TIF): Property taxes on new tax base created from either a new business or the expansion of an existing business can be captured to fund infrastructure improvements needed for the project. We will assist you in working with the City of Brandon and help you determine what assistance is available.
Local Sales Tax Rebate: The City of Brandon offers a rebate of local sales tax (up to 2%) on eligible machinery and equipment on a case-by-case basis as approved by the City Council.
Financing Available from the Brandon Revolving Loan Foundation.
Other Financing and Incentives May Be Available from the SD GOED.