FINANCIAL_SERVICESAPPROVED

South Dakota Department of Agriculture Awards $7,500,000 Financial Services Contract to Elevate Rapid City (July 2026)

The Board of Economic Development approved a $7.5 million REDI loan to Elevate Rapid City, secured by a first lien on the project property and accompanied by authority to release liens as lots are sold. The board also waived the program’s take‑out financing provision to support the development.

Status
APPROVED
Document date
July 6, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Elevate Rapid City
Agency
South Dakota Department of Agriculture · SD

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$7,500,000
Contract type
FINANCIAL_SERVICES
Document type
AgendaPacket
Source document
Board of Economic Development Agenda Packet 2026-07-08

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by South Dakota Department of Agriculture?

Elevate Rapid City was awarded this financial services contract by South Dakota Department of Agriculture, as recorded on July 6, 2026. The contract value is $7,500,000.

How much is the Elevate Rapid City contract with South Dakota Department of Agriculture worth?

The Elevate Rapid City contract with South Dakota Department of Agriculture is valued at $7,500,000, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Board of Economic Development Agenda Packet 2026-07-08 (AgendaPacket), dated July 6, 2026 from South Dakota Department of Agriculture. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Elevate Rapid City hold?

Elevate Rapid City may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Elevate Rapid City's profile

What is South Dakota Department of Agriculture currently buying?

Explore South Dakota Department of Agriculture's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View South Dakota Department of Agriculture's profile

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