SIOUX FALLS, S.D. (KELO) -- Gevo is taking its aviation jet fuel project to North Dakota but it isn't taking any South Dakota state money with it, Gevo Chief Executive Officer Pat Gruber said Monday.
"Not one dime. Not one dime came from South Dakota," Gruber said. Although approved for state money, Gevo did not take or receive it because no plant was built, he said.
The $12 million in the state Reinvestment Payment Program approved in the Governor's Office of Economic Development (GOED), applied to the amount of tax relief the company would had received if it built the aviation fuel plant, Gruber said.
While Gruber said Gevo didn't receive any state money, the project move will leave the state without what was called a nearly $1 billion investment. Former Gov. Kristi Noem called it the