Two area projects receive funding from GOED

The Governor’s Office of Economic Development’s Board of Economic Development approved two funding applications for area projects at its meeting held this week.

Reinvestment Payment Program funding applications were approved for Dakota Renewable Hydrogen, LLC of Lake Preston, who was approved for more than three-point-three-million dollars toward the construction of a hydrogen production facility.  

Also approved for Reinvestment Payment Program funding was Kingsbury County Wind Fuel, LLC of Lake Preston for just more than two-million dollars to construct a wind energy facility. 

The GOED provides financing and incentives to meet the needs of both new and existing companies.

More information can be found here.


November 11, 2022