Amends the process for distributing funds from the employer's investment in South Dakota's future fund.

The bill amends the process for distributing funds from the employer's investment in South Dakota's future fund. It requires applicants to submit a business plan and documentation of matching commitments or in-kind considerations. The Governor's Office of Economic Development must provide a detailed recommendation for the award to the Governor. The bill also mandates biannual reporting on each award or grant made from the fund, including the recipient's name, location, and economic impact measures.

Amends the process for distributing funds from the employer's investment in South Dakota's future fund.

The bill amends the process for distributing funds from the employer's investment in South Dakota's future fund. It requires applicants to submit a business plan and documentation of matching commitments or in-kind considerations. The Governor's Office of Economic Development must provide a detailed recommendation for the award to the Governor. The bill also mandates biannual reporting on each award or grant made from the fund, including the recipient's name, location, and economic impact measures.