Northern Electric Loans
Project Directory
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Aberdeen Development Corp, East Industrial Park
Category: Northern, Business, Cooperatives
In 1994, the Aberdeen Development Corporation purchased 160 acres to expand its industrial park with assistance from Northern Electric, who provided access to a 0% loan from USDA’s REDL&G program. It was completed in 1995 and is currently home to four businesses including the offices of the Aberdeen Development Corporation,...
Aberdeen Development Corp, Molded Fiberglass
Category: Northern, Business, Cooperatives
The Aberdeen Development Corporation is a private non-profit corporation with the mission of primary job creation. Developing the industrial and back-office economic base of Aberdeen and the region is their business. REED provided financing to assist with construction of a 319,500 sq ft building to be leased to Molded Fiber...
Aberdeen Development Corporation
Category: Northern, Infrastructure, Cooperatives
In 1994, the Aberdeen Development Corporation purchased 160 acres to expand its industrial park with assistance from Northern Electric, who provided access to a 0% loan from USDA’s REDL&G program. It was completed in 1995 and is currently home to four businesses including the offices of the Aberdeen Development Corporation,...
AutoMaxx
Category: Northern, Cooperatives, Business
REED Fund Turns ‘A Dream’ Into Reality
AutoMaxx of Aberdeen Open For Business
With room for more than 250 vehicles, the large car lot at AutoMaxx just east of Aberdeen is something co-owner Kelly Krausz has been dreaming about.
“It was a dream,” Krausz said. “I thought...
Beadle & Spink Enterprise Community, Inc.
Category: Northern, Community, Cooperatives
Beadle & Spink Enterprise Community, Inc. (BASEC) established its loan fund in 1994 and makes loans to individuals, businesses and communities while also providing needed financial and technical assistance services to parts of Beadle and Spink counties. BASEC received a helping hand from Northern Electric Cooperative when a Rural Electric Economic...
Frederick Development Corporation
Category: Northern, Multi-Family Housing, Cooperatives
Two new rental units have been built in the northern Brown County community of Frederick thanks in part to loans from Northern Electric Cooperative’s Rural Electric Economic Development (REED) Fund and Grow South Dakota. The Frederick Development Corporation received a $90,000 loan through the REED Fund and another $90,000 loan...
Frederick Development Corporation Refueling Station
Category: Northern, Business, Community
Frederick Development Corp. receives $300,000 loan through Northern Electric Cooperative and the REED Fund
FREDERICK — The Frederick Development Corporation has constructed a unmanned refueling station in the northern Brown County community of Frederick thanks in part to loans from Northern Electric Cooperative’s Rural Electric Economic Development (REED)...
Tulare Country Meats
Category: Northern, Business, cooperatives
Tulare Country Meats is a retail and processing facility in Tulare, SD, population 207, that has done custom processing of domestic livestock and wild game and distributes its products through two retail locations, in Tulare and Huron, SD, employing 14 people. The owners recently sold the business to long time...
