State board OKs first ‘New Frontiers’ tax refunds

PIERRE, S.D. (KELO) — A Sioux Falls biological research company will be receiving the first refunds of state sales taxes under a previously unused South Dakota economic-development program that’s been in effect since 2016.

The South Dakota Economic Development Board this week approved a New Frontiers grant for OmegaQuant Analytics, which operates in a building located at the USD Discovery District campus on the city’s northwest side…

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