REED Multi Family Housing

14 & 25, Inc.

Category: (none)

Kingsbury Electric awards loan to local group to build a Dairy Queen/Subway restaurant

1481 Grille

Category: (none)

Kingsbury Electric awards loan to assist new owner to buy 14-81 Grille in Arlington

1804 Boat Storage

Category: (none)

Oahe Electric awards loan to assit with construction of storage units near Missouri River

605 Sires, LLC

Category: Agriculture, Southeastern

605 Sires Receives Loan from Southeastern Electric’s REED Fund 605 Sires, LLC has expanded their family owned full-service bull collection and donor facility and was recently awarded financing when Southeastern Electric’s loan fund, the REED Fund assisted with the expansion. 605 Sires opened in 2017 and is committed to assisting seedstock producer...

A H Meyer and Sons, Inc.

Category: (none)

Sioux Valley Energy makes loan to assit honey producer with expansion and new equpment purchase

Aberdeen Development Corp, 4-Star Plastics

Category: (none)

Northern Electric makes loan to development corporation to construct facility for lease to manufacturing firm

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, Leashold faclity

Category: (none)

Northern Electric awards loan to assist with constructing an office building

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 Fibe...

Aberdeen Development Corp, Progressive 1

Category: (none)

Northern Electrtic makes loan to help improves office facility for lease

Aberdeen Development Corp, Progressive 2

Category: (none)

Northern Electric loans to development corporation to modify facilty for expanding busineses

Aberdeen Development Corp, Verifications

Category: (none)

Northern Electric loans to assist with construction of office facility

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...

Aberdeen Rural Fire Protection District, Fire Truck

Category: (none)

Northern Electric awards USDA Funded loan to fire protection district for purcase of a fire truck

Aberdeen Rural Fire Protection District, Fire Truck

Category: (none)

Northern Electric makes fire protection district a loan for fire truck

Ag Services Inc.

Category: (none)

Northern Electric makes loan to local buisness to purchase equipment for ag processing

Agland Cooperative, Delmont Agronomy Facility

Category: (none)

Southeastern Electric issues laon to ag cooperative for agronomy facility in Parkston

Agland Cooperative/Agronomy Facility

Category: (none)

Douglas Electric lends ag cooperative funds that help construct agronomy facility in Delmont

Airport Travel Center

Category: (none)

Northern assists local owner with loan to build new restaurant, gas and convenience store

Alliance Midstream

Category: Agralite, Business, Cooperatives

Alliance Midstream receives loan through Agralite Electric Cooperative BENSON, Minn. — A critical, longtime propane delivery terminal at Benson will continue to operate thanks to a loan secured through Agralite Electric Cooperative. Alliance Midstream LLC, which was developed to keep the terminal operational, has received a $500,000 loan through Agralite Electri...

Alliance Midstream

Category: (none)

Agralite Electric makes loan to assist with expanding faclities for regional propane distribution

Anderson Nills & Associates, Inc.,

Category: (none)

Oahe Electric makes loan to assist with purchasing a service buisness

Areawide Business Council

Category: (none)

East River helps Areawide Business Council recapitalize regional loan fund with USDA funded loans

Arlington Community Development Corporation

Category: (none)

Kingsbury Electric lends to help development corporation construct a facilty for lease to manufacturer

Arlington Development Corporation

Category: (none)

Kingsbury Electric makes loan to develoment corporation to expand faclity for lease to business

Armour Electric Motor Repair, Inc

Category: Douglas, Business, Cooperatives

A loan from Douglas Electric assisted a new owner to purchase an existing business. The company provides general electrical and wiring services and rewinds motors.

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 I should do it now o...

Avera Health and Rural Electric Economic Development Fund Announce Workforce Housing Development Financing Partnership

Category: Multi-Family Housing

SIOUX FALLS, S.D. – Avera Health and the Rural Electric Economic Development (REED) Fund Tuesday announced a new $10 million workforce housing development financing partnership. Avera has committed $2 million to the partnership and REED has committed an initial $4 million, with plans to grow the total fund to $1...

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 Economi...

Best Western PLUS Lakeview Hotel

Category: Business, Sioux Valley Energy, Success Stories, Cooperatives

Madison, S.D. – Sioux Valley Energy has provided a loan to the new Best Western PLUS Lakeview Hotel in Madison through its Rural Electric Economic Development (REED) loan fund. “We are proud to partner with the owners of Madison’s Best Western PLUS in providing funding for this important project,” said Siou...

Blunt Cash Store

Category: (none)

Local owner expands and relocates gas and convenience store with loan assistance from Oahe Electric

Bouza & Schroeder Rentals Inc.

Category: (none)

Local firm constructs facilty for lease to veterinarian with a loan from Charles Mix Electric

Bowdle Hospital/Community Center

Category: FEM Electric, Healthcare, Cooperatives

The city of Bowdle, population 502, received a loan to construct an addition that connects the city-owned hospital and the nursing care center. The addition enabled shared services and new services, such as a wellness center and community room.

Bryant Area Improvement, Inc.

Category: (none)

H-D Electric awards loan or construction of clinic facility in Bryant

Building Infrastructure for a Thriving Community

Category: FEM Electric, Community

Public gathering places play a vital role in the social life of a community. Community centers help cultivate relationships and a sense of belonging. Publicly owned recreational amenities like parks and gymnasiums take it a step further, enabling residents to reap the additional mind and body benefits of getting physical. Unfortunately...

C9 Enterprises

Category: West River Electric, Business

C9 Enterprises Receives Loan from West River Electric’s REED Fund C9 Enterprises was recently awarded financing in February of 2019 when West River Electric Association issued a Rural Electric Economic Development, or REED, loan to C9 to purchase a local restaurant, Red Rock Restaurant, in Wall, SD. REED partnered with Firs...

Capital University Center

Category: Oahe, Community, Cooperatives

Capital University Center, located in Pierre, SD, population, 13,646, is a South Dakota Board of Regents institution that delivers higher education opportunities to a seventeen county area in Central South Dakota through the state’s public universities. The REED fund loan helped to finance construction of a facility to meet th...

Castlewood Farmers Elevator

Category: (none)

H-D Electric assist with expansion of Castlewood Farmer's Elevator

Cattail-Woodland Cabinetry

Category: Whetstone Valley, Cooperatives

Whetstone Valley Electric makes loan to help expand Woodland Cabinetry in Sisseton.

Central Edmunds DBA Westwood Assisted Living

Category: (none)

FEM Electric makes loan to local group to construct an assisted living facility

City of Arlington

Category: (none)

Kingsbury Electric awards USDA funded loan to assist with improvements to Arlington's Main Street infrastructure

City of Bird Island, MN

Category: (none)

Renville-Sibley Electric awards USDA funded loan to assist with improving public infrastructure

City of Blunt

Category: (none)

Oahe Electric assists Blunt with loan to help mitigate flooding

City of Chamberlain

Category: (none)

Chamberlain upgrades Water Treatment Facilites with a USDA funded loan from Central Electric

City of DeSmet

Category: (none)

DeSmet is awarded a USDA funded loan through Kingsbury Electric to assist with constructing a community health clinic

City of DeSmet

Category: (none)

A USDA funded loan from Kingsbury Electric, and a loan from Kingsbury's REED fund assist with extending public infrastruction

City of DeSmet

Category: (none)

Kingsbury Electric awards loan to DeSmet ot assist with extending infrastructure to newly annexed development

City of DeSmet

Category: (none)

A loan from Kingsbury Electric assist with street and infrastructure improvements in DeSMet

City of Elkton

Category: (none)

A USDA funded loan from Kingsbury Electric assist with infrastructure improvements to Third Stree in DeSmet

City of Emery

Category: Central, Community, Cooperatives

The Little Learner’s Preschool and Daycare will be relocating this spring with the help of a Rural Economic Electric Development (REED) loan through Central Electric Cooperative. Central Electric was one of two lenders to the preschool and daycare center. The preschool and daycare are currently housed in property owned by th...

City of Estelline

Category: (none)

The City of Estelline receives a USDA Funded loan from H-D Electric to assist with Main Street infrastructure improvements]

City of Franklin, MN

Category: Renville-Sibley, Community, Cooperatives

The $200,000 0% loan from Renville-Sibley Cooperative loan enabled the city of Franklin, population 510, to complete a wastewater upgrade project by extending services to business and homes in the city.

City of Hurley

Category: (none)

The City of Hurley receives USDA Funded loan from Southeastern Electric to assist with extending new water lines in the community

City of Lake Andes

Category: Charles Mix, Community, Cooperatives

Charles Mix Electric facilitated obtaining a USDA 0% interest loan for the City of Lake Andes, population 879. The loan assisted with replacing the city’s water lines.

City of Lake Andes

Category: (none)

Charles Mix Electric awards USDA funded loan to Lake Andes to assist with water system improvements

City of Lake Norden

Category: H-D Electric, Community, Cooperatives

The City of Lake Norden used REED financing for water treatment plant expansion and improvements including installing a new gravity filter, modifications to electric and control systems and building modifications. The end result will be a more consistent flow of better quality water and overall productivity improvements in the communit...

City of Letcher

Category: (none)

Central Electric awards USDA funded loan to Letcher to assist with constructing a fire hall and community center.

City of Luverne EDA, MN

Category: (none)

The Luverne EDA used a USDA funded loan from Sioux Valley Energy to build a facility for lease to industry

City of Platte, SD

Category: Charles Mix, Community, Cooperatives

The City of Platte, population 1,136, completely remodeled a 1960 community center and added a Library that effectively doubled the size of the facility. The remodeled center will also include a multi-purpose room, kitchen and dining room. Also housed in the facility will be an updated wellness center and Cit...

City of Tintah Fire Department

Category: Traverse Electric, Community, Cooperatives

The City of Tintah, MN (population 63) and the Tintah Fire Department have upgraded their equipment over the last few years to better serve are small towns and townships. By doing so, they outgrew their fire hall. A new fire hall was constructed using a combination of REED Financing an...

City of Tyler, MN

Category: (none)

The city of Tyler use a USDA funded loan from Lyon-Lincoln Electric to assist with expansion of its hospital and clinic.

City of Wheaton, MN

Category: (none)

A loan from Traverse Electric funded by USDA, help Wheaton extend streets and infrastruture to a new development

City of Woonsocket

Category: (none)

A loan from Central Electric helped the City of Woonsocket build a new faciliyt for VanDyke Supply

Clark Area Chamber of Commerce

Category: (none)

The Clark Chamber used a loan from Codington Clark to purchase a downtown store

Clear Lake Building Center

Category: H-D Electric, Business, Cooperatives

Clear Lake Building and Rental Center is going through some exciting changes in 2016. The previous owners operated the business for 43 years and the business has been in the community for 50 years. The company's new owners, Daron and Dustin Kreger, are brothers who have worked at the busines...

Clear Lake Volunteer Fire Department

Category: (none)

The fire department received a USDA funded loan from H-D electric to help purchase a fire truck

Corsica Travel Plaza, LLC

Category: (none)

Douglas Electric's loan helped construct a convenience store in Corsica

Coteau Des Prairies Hospital

Category: (none)

The hospital received a USDA funded loan from Whetstone Valley Electric to assist with renovations and an addition to its facilty

Countryside Manufacturing

Category: Bon Homme, Business, Cooperatives

Countryside Manufacturing makes etched wood clocks and mirrors for nationwide distribution through an established sales network. The project assisted with construction of a 48 X 70 addition to an existing building and purchase of computerized equipment for laser etching.

Countryside Manufacturing Inc.

Category: (none)

Bon Homme-Yankton Electric issued a loan to help establish Countryside Manufacturing in Utica

Crosby Road Construction

Category: Agralite, Business

REED Fund Helps Crosby Road Construction Expand APPLETON, MN, SD – Crosby Road Construction will be expanding once again this spring with the help of a Rural Economic Electric Development (REED) loan through Agralite Electric Cooperative. Agralite was one of two lenders to the business to purchase more land for grave...

DaMar Farmers Elevator

Category: (none)

DaMar farmers elevator used a loan from Lake Region Electric to install gas pumps, so Langford had access to fuel locally

Dakota Ag Coop, Highmore Facility

Category: (none)

Dakota Ag Cooperative used a loan from Dakota Energy to expand its facility in Highmore

Dakota Butcher

Category: Codington Clark Electric, Business, Cooperatives

Dakota Butcher, LLC is a locally-owned family business since 2009, originally based in Clark, SD. They have recently expanded their operations with two additional locations in Watertown. Not only is Dakota Butcher, LLC a full service meat locker that offers custom processing on beef, pork, lamb, buffalo and wild game...

Dakota Butcher Expands Your Dinner Choices

Category: Agriculture, Codington Clark Electric, Business, Featured

Local shop enhances quality and increases supply with new smokehouse. It’s amazing what can happen when a business is able to streamline all of its production under one roof. The work is more efficient, challenges that arise are resolved more quickly and it means a higher quality product for the customer...

Dakota Ethanol, LLC

Category: Sioux Valley Energy, Agriculture, Cooperatives

Dakota Ethanol is a 50 million gallon per year producer-owned, bio-refinery located in Wentworth , SD. REED financing assisted the company with purchase and installation of a Corn Oil Extraction system that will be used in conjunction with the ethanol production process.

Dakota Foundry, Inc.

Category: (none)

Dakota Foundry used a loan from Lake Region Electric to expand

Dakota Landing Estates

Category: (none)

A loan from Oahe Electric help bring public infrastructure to Dakota Landing

Dakota Style, Inc.

Category: Codington Clark Electric, Business, Cooperatives

Dakota Style began as a family business making kettle-style chips on a farm near Clark, SD (population 1,051) 29 years ago. It has grown into a national supplier of high quality salty snack foods with a product line featuring sunflower seeds (in shell and kernels) with innovative flavors, healthful option...

Dakota Style, Inc.

Category: (none)

A loan from Codington Clark helped purchase equipment for processing sunflower seeds

Dakota Style, Inc.

Category: (none)

Codington Clark's loan provided needed working capital for expansion

Dakota Style, Inc.

Category: (none)

Dakota Style use a loan from Codington Clark Electric to make faclity improvements

Dakota Turkey Growers, L.L.C.

Category: (none)

A loan from Dakota Energy helped Dakota Provisions complete its office facility

Dakota Turkey Growers/Dakota Provisions

Category: Dakota Energy, Agriculture, Cooperatives

Dakota Provisions is a state of the art food production facility that processes and markets fresh turkey and other protein related products located in Huron, SD population 12,592. The business is jointly owned by Hutterite Colonies in North and South Dakota that raise turkeys as part of their diversified farmin...

Davis Family, LLC

Category: (none)

H-D Elecrric helped finance Davisco's expansion into chees projcessing

Davis Fire Department

Category: (none)

The Davis Fire Department used a loan from Southeastern Electric to purchase a newer fire truck

DeSmet Development Corporation

Category: (none)

Kingsbury Electric assisted the development corporation with a loan to improve the faciilty leased to Shinamerica

DeSmet Development Corporation

Category: (none)

The development corpration used a loan from Kingsbury Electric to renovate a building for lease to industry

Delmont Fire District

Category: Douglas, Community, Cooperatives

The Delmont Fire District used a loan from Douglas Electric to help with the costs of a new fire hall. The previous fire hall was destroyed in a May 2015 tornado, and the hall was recently rebuilt and completed.

Do-Mats

Category: Agralite, Business, Cooperatives

REED member Agralite Electric Cooperative, is proud to be a part of the financing package to construct a new home for Do Mats Family Food. The grocery store has been a family business in Benson, Minnesota, population 3,240, for nearly 45 years. Do Mats’ CEO is Matthew Mattheisen, son o...

Double D Western, LLC

Category: (none)

Dakota Energy provided a loan to assist a new owner to purchase the store.

Eastside Carwash

Category: (none)

Whetstone Valley Electric made a loan to help Eastside Car Wash expand.

Elk Point Country Club

Category: (none)

A loan from Union County Electric helped the golf course install an irrigation system

Elkton Locker

Category: Cooperatives

Elkton Locker, Inc. has been a state inspected locker plant in Elkton, SD for over 30 years. The locker provides custom harvest and processing services for local producers as well as processing and manufacturing retail meat products. With REED financing the locker expanded and became a federally inspected facility tha...

Eureka Hospital

Category: FEM Electric, Healthcare

Eureka Hospital Receives Loan from FEM Electric Association’s REED Fund The Eureka Hospital was recently awarded financing in August of 2018 when FEM Electric issued a Rural Electric Economic Development, or REED, loan and a USDA REDG loan to the Eureka Hospital for equipment to expand the services provided to member...

Farmers Union Coop Elevator, Highmore Facility

Category: (none)

The coopertive used a loan from Dakota Energy to expand its Highmore Facilities

Faulk County Jail

Category: FEM Electric, Community

FEM Electric Association, Inc. (FEM), an electric distribution cooperative in Faulk, Edmunds and McPherson Counties of South Dakota, assisted with financing the Faulk County Jail expansion located in Faulkton, SD. A new 35-bed Jail and Sheriff’s Office, meeting minimum American Correctional Association standards was constructed adjacent to the existing Faul...

Faulkton Area Development Corporation, Inc.

Category: FEM Electric, Infrastructure, Cooperatives

Faulkton Area Economic Development Corporation (FAEDC) is establishing a new industrial park in this community of 740. Loan proceeds were combined with funding from the Governor’s Office of Economic Development, to purchase land and add infrastructure (water, sewer, roads and approaches) to the property and create 11 sites for sale/lease t...

Faulkton Development Corporation, Inc.

Category: (none)

A loan from FEM Electric helped construct the community center/gymnasium in Faulkton

First District Development Company

Category: (none)

East River helped First District expanding its lending capacity with USDA funded loans

First District Development Company Receives Loan from Codington-Clark Electric Cooperative’s REED Fund

Category: Codington Clark Electric, Business, Cooperatives

Watertown – First District Development Company (FDDC) received a loan from Codington-Clark Electric Cooperative’s loan fund, the REED Fund, to finance the construction of a new office building. FDDC is a private, non-profit organization that fosters growth in South Dakota by providing economic development financing options to small businesses. Codington-Clark Electri...

Fisher Enterprises, Inc.

Category: (none)

A loan from Whetstone Valley helped a new owner purchase a gas/convenience store

Franklin Industries

Category: Renville-Sibley, Business, Cooperatives

The Cougar Cub Child Care and Franklin Community Center are opening their doors in Franklin, Minnesota with the help of a Rural Economic Electric Development (REED) loan through Renville-Sibley Cooperative Power Association. Renville-Sibley Cooperative was one of three lenders to the daycare and community center. The project is the result of ...

Frederick Area School District

Category: (none)

The district used a loan from Northern Electric to finance computers for the classroom

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 loa...

Frederick Development Corporation

Category: (none)

Financing from Northern Electric was used to construct multi-family rental housing

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) Fund, Northeas...

GLB, Inc.

Category: (none)

GLB used financing from Lake Region Electric to expand

GROW South Dakota

Category: East River, Multi-Family Housing, Cooperatives

East River Electric Power Cooperative’s Rural Electric Economic Development (REED) Fund has announced a $1 million loan to GROW South Dakota. The loan was officially closed Nov. 19 and will provide supplemental funding to the organization’s housing loan programs which provide affordable housing options to low-income families. “East River Electric, it...

Gavilon

Category: (none)

Financing from Central Electric helped with infrastructure development at the site of a new grain and agronomy facility

Geddes Development Corporation

Category: (none)

A loan from Charles Mix Electric helped a day care open in the community

Generations Bakery

Category: (none)

The bakery was assisted by a loan from Lyon-Lincoln Electric

Glacial Lakes Area Development, Inc.

Category: (none)

A USDA funded loan from Lake Region Electric assisted with expanding GLAD's loan fund

Granite Properties

Category: (none)

A loan from Kingsbury Electric helped construct a new manufacturing faciliiy in DeSmet

Grant County Development Corporation

Category: (none)

Whetstone Valley Electric issued a USDA funded loan to the development corporation to assist with infrastructre expansion in the industrial park

Grant-Deuel School District

Category: (none)

The School District used a USDA funded loan from Whetstone Valley Electric to add a distance learning classroom

Greater Huron Community Development Fund

Category: (none)

A loan from Dakota Energy helped expand the capacity of the Community Development Fund

Greater Huron Development Corporation

Category: (none)

Dakota Energy provided a USDA funded loan and a second loan to assist with construction of a building for lease to industry

Hand County Memorial Hospital

Category: (none)

Dakota Energy assisted with a loan to help with the hopsital renovation

Harold Grain Company

Category: (none)

The loan from Oahe Electric was used to re-open and expand a grain handling and agronomy facility

Hayti Improvement Corp

Category: (none)

Funding from H-D Electric was used to renovate a faciliiy for use by Northeast Education Cooperative

Heartland Grain Fuels

Category: (none)

Funding from Dakota Energy was used for equipment purchae at the Huron bio fuels plant

Hendricks Hospital

Category: Lyon-Lincoln, Healthcare, Cooperatives

Hendricks Community Hospital Association (HCHA), a non-profit corporation, is a critical access hospital that provides acute care, long-term care and congregate housing in Hendricks, MN, population 713. The facility also hosts outreach providers in the areas of audiology, cardiology, ENT, occupational therapy, oncology, orthopedics, podiatry, surgery, urology, and others. Lyo...

Horizon Health Care, Inc

Category: (none)

A loan from Kingsbury Electric and a USDA funded loan helped with construction of a new medical and dental facility in DeSMet

Horizon Health Care, Inc

Category: (none)

A loan from Central Electric and a USDA funded loan helped with construction of a medical clinic in Woonsocket

Horizon Health Care/Woonsocket

Category: Central, Healthcare, Cooperatives

The new Horizon Health Care, Inc. (Horizon) medical clinic in Woonsocket has benefitted from a pair of low-interest loans through Central Electric Cooperative and the Rural Electric Economic Development (REED) Fund. Central Electric, a local Touchstone Energy® Cooperative, used the Rural Economic Development Loan and Grant (REDLG) program to secur...

Horseshoe Junction, Inc.

Category: (none)

A loan from Northrn Electric helped new owners purchae a bed ad breakfast

Horzontal Machining and Manufacturing, Inc.

Category: (none)

A loan from Dakota Energy helped financing expansion

Huron Regional Medical Center

Category: Dakota Energy, Healthcare

Dakota Energy Cooperative, an electric distribution cooperative in Beadle, Hand and Hyde Counties of South Dakota, assisted with financing the Huron Regional Medical Center in Huron, SD (HRMC). HRMC used the funds to replace its IT core infrastructure components of older servers and storage with new systems. The new system...

Huron School District

Category: (none)

A USDA funded loan from Dakota Energy helped finance new classoroms at Madison Elementary

Ipswich Community Development Corporation

Category: (none)

A loan from FEM Electric helped purchase equipment for a communith fitness center

Ipswich Community Development Corporation

Category: (none)

A loan from FEM Electric helped purchase a buiilding for lease

Ipswich Golf Club

Category: (none)

A loan from FEM electric helped improve the golf course

Ipswich Volunteer Fire Department, Inc

Category: (none)

A loan from FEM electric helped to purchase a fire truck

JFS, Inc.

Category: (none)

A loan from Lyon Lincoln helped with renovations

James Valley Christian School

Category: (none)

A loan from Dakota Energy helped with reconstruction after a deveasting flood

Jasper Fire Department

Category: Sioux Valley Energy, Community

No description available.

Johnson Automotive

Category: (none)

A loan from Whetstone Valley helped with expansion

K&M Hunting

Category: (none)

K & M Hunting offers a South Dakota pheasant hunting experience with a relaxed, friendly, and family environment. They provide prime hunting habitat, lodging accommodations and entertainment, and home-cooked meals. After a tornado destroyed the original building, a REED loan helped to finance a new lodge and commercial kitchen. ...

KG Travel Plaza, Inc.

Category: (none)

A loan from Oahe Electric helped local owners purchase and renovate a convenience store/gas station

KHC, Incorporated

Category: (none)

A loan from H-D Electric helped a local construction company expand to South Dakota

Kieffer Repair & Sales

Category: Central, Business

Kieffer Repair & Sales Receives Funding WHITE LAKE, SD, October 1, 2020 – Kieffer Repair & Sales has a new building for their diesel repair and body shop business with the help of a Rural Economic Electric Development (REED) loan through Central Electric Cooperative. Kieffer Repair & Sales, owned b...

Kingsbury Townships

Category: (none)

Four Kingsbury County townships jointly purchase a fire truck

Kingsbury Townships

Category: (none)

Four Kingsbury County townships jointly purchase a fire truck

Knight & Carver Composites Group, LLC

Category: (none)

A loan from Central Electric helped launch a wind blade manufacturing business

Kroeplin Ag Center, Inc.

Category: (none)

Oahe Electric, Purchase of convenience store, add ag products and servcice

Kuyper Pheasant Hatchery

Category: (none)

Central Electric, loan to purchase pheasant hatchery

Lake Area Improvement Corp

Category: Sioux Valley Energy, Business, Cooperatives

Financing was used to construct the Heartland Technology Center in the Hueners Technology Park, Madison SD population 6,474. The Center has office space designed to meet the needs of business needing a high-tech setting and near nationally recognized Dakota State University to provide immediate access to some of the bes...

Lake Area Improvement Corp

Category: (none)

Sioux Valley Energy, Purchase of a facility for lease to manufacturing firm(s)

Lake Benton American Legion-Henry Sollie Post #10

Category: (none)

Lyon Lincoln Electric, Construction of a new restaurant facility

Lake Country Sports, Inc.

Category: (none)

Lake Regiona Electric, Construction of a convenience store

Lake Region Golf Club

Category: H-D Electric, Community, Cooperatives

Lake Region Golf Club is a public golf course near Lake Poinsett that has received REED financing three times. The first loan helped finance the construction of a new clubhouse and renovation of storage facilities (1997). The second loan was used to expand the course from 9-holes, built in th...

Lake Region Golf Club

Category: (none)

H-D Electric, Adding a second 9 holes to public golf course

Lake Region Golf Club

Category: (none)

H-D Electric, Repairs and upgrades to clubhouse

Lake Region Golf Club

Category: Lake Region

Lake Region Golf Club Receives Loan from H-D Electric Cooperative’s REED Fund H-D Electric Cooperative recently issued a Rural Electric Economic Development (REED) loan to Lake Region Golf Club to help cover extra expenses for repairs and working capital after flooding during the 2019 golf season. H-D Electric Cooperative utilizes the REE...

Laura Ingalls Wilder Memorial Society, Inc.

Category: (none)

Kingsbury Electric, Construction of a facility to house artifacts

Lesterville Fire and Rescue

Category: Community, Bon Homme

Lesterville Fire and Rescue received loan from Bon Homme Yankton Electric’s REED Fund Lesterville Fire and Rescue was recently awarded financing when Bon Homme Yankton Electric issued a Rural Electric Economic Development, or REED, loan to Lesterville Fire and Rescue for a building addition and purchase of air packs for th...

Lien Family Funeral Care, Inc

Category: (none)

FEM Electric, Purchase of funeral care business

Little Bend Bait Shop

Category: (none)

Oahe Electric, Addition to a bait shop serving Missouri River fishing

Little Motel on the Prairie

Category: Kingsbury, Community, Business

“It’s salt of the earth people that come to visit De Smet. They can’t believe how it keeps its prairie ambiance,” says Cheney. “They think of it as a different world but people still come into town and can feel that friendliness as they walk up and down the street.” I...

Lyon County Farm Services Joint Venture

Category: (none)

Lyon Lincoln Electric, Construction of an agronomy facility

MNY Group/Life Floor

Category: Sioux Valley Energy, Business, Cooperatives

Life Floor expands production Aquatic tile manufacturer increases output, creates jobs at Madison plant MADISON, S.D. - When you think of South Dakota, you may not immediately think of swimming pools. But for the manufacturer of a slip-resistant tile installed largely around pools, South Dakota was the perfect fit. Life Floor produces a foa...

MTCM, Inc. dba The Corner

Category: (none)

Oane Electric, expansion and equipment for a convenience store

Madison Central School District 39-2

Category: (none)

Sioux Valley Energy, ,Construction of two classrooms at k-8 public school

Madison Farmers Elevator Co.

Category: (none)

Sioux Valley Energy, Construction of office facility in Ramona, SD

Madison Regional Health System

Category: Sioux Valley Energy, Healthcare

Loan Funds Help Madison Regional Health System Purchase Radiology Equipment Colman, SD - Sioux Valley Energy received funding from the United States Department of Agriculture Rural Economic Development Loan and Grant Program to provide a zero percent interest loan of $300,000 to the Madison Regional Health System. Sioux Valley Energy i...

Main Stop, LLC

Category: (none)

Kingsbury Electric, Construction of a gas station/convenience store

Marshall County Healthcare Center

Category: (none)

Lake Region Electric, Adding assisted living units adjacent to local hospital

Marshall Lawn Irrigation, Inc.

Category: (none)

Oane Electric, Purchase lawn care business

Medgene Labs

Category: Sioux Valley Energy, Business

Sioux Valley Energy’s REED fund loans money to Medgene Labs Colman, S.D. – Sioux Valley Energy provided a loan to Medgene Labs through its Rural Electric Economic Development (REED) loan fund to finance facility and equipment. Based in Brookings, South Dakota, Medgene Labs is an Immunological Services ProviderTM to leading livestock integrators. ...

Milbank Motel

Category: Whetstone Valley, Tourism

Milbank Motel Receives REED Fund Loan The Milbank Motel was recently awarded financing on 6/30/2020 when Whetstone Valley Electric issued a Rural Electric Economic Development, or REED, loan to the new owners to purchase and upgrade the facility in Milbank, SD. Rodney and Shirley Parent were looking for an investment that woul...

Miner County Community Revitalization (Rural Learning Center)

Category: (none)

The Rural Learning Center (RLC) is a non-profit organization in Miner County dedicated to improving the quality of life for residents. The RLC purchased four apartment buildings and upgraded two of them using funds from REED. The apartments will fill the need for housing due to expanded businesses in th...

Miss Becky's

Category: Renville-Sibley, Business, Cooperatives

A loan from the REED funds assisted the owner of the Smokey Hollow restaurant in Farifax, MN (population 1,235) to purchase a facility in Fairfax to expand her catering business and hold larger events. Longer range plans include food processing for resale at the same location.

Morningside Manor

Category: (none)

Souitheastern Electric Cooperative made a USDA funded loan to assist with expansion and renovation of a nursing care center

Mount Vernon Economic Development Group

Category: Central, Community

Mount Vernon Economic Development Group Receives Funding for Housing MOUNT VERNON, SD, February 10, 2020 – The Mount Vernon Economic Development Group (MVEDG) has constructed another two houses for income-qualified families in the town of Mount Vernon with the help of a Rural Economic Electric Development (REED) loan through Centra...

NCFE Air, LLC

Category: Dakota Energy, Agriculture, Cooperatives

NCFE Air, LLC provides aerial application services for customers of North Central Farmer’s Elevator. To insure timely application, NCFE felt the need to better schedule aerial spraying for the growing list customers purchasing crop protection services, leading to a joint venture with a local business. REED financing helped construct ...

NCFE Bowdle

Category: FEM Electric, Agriculture, Cooperatives

North Central Farmer’s Elevator (NCFE) is a full-service grain marketing and farm supply cooperative serving farmer-owners in north central South Dakota. FCFE used financing to increase capacity by constructing a shuttle facility near Bowdle SD, population 502.

NCFE Building

Category: Success Stories

North Central Farmers Elevatorbuilt a $2 million corporate office building in Ipswich that will serve as the administrative hub for its 17 facilities in South Dakota and North Dakota. "Our cooperative has grown dramatically in the last 14 years," said Keith Hainy, general manager for North Central. The elevator will brea...

NCFE Ipswich Headquarters

Category: FEM Electric, Agriculture, Cooperatives

FEM Electric assisted North Central Farmer’s Elevator to construct a new office facility in Ipswich. The cooperative has grown from 7 locations to 17 locations and the new office will provide administrative office space necessary to keep pace with the growing cooperative.

NCFE Sun Terminal

Category: FEM Electric, Agriculture, Cooperatives

FOR IMMEDIATE RELEASE: July 24, 2015 Contact: Stephanie Horst, Director of Communications & Marketing FEM Electric • 605-426-6891 • stephanie@femelectric.coop North Central Farmers Elevator Receives Loan from FEM Electric REED Fund IPSWICH, S.D. — North Central Farmers Elevator (NCFE) has received a loan to expand its agronomy warehouse in Ipswich thanks to FEM Electric. Th...

New Owner Continues Success of Tulare Country Meats

Category: Agriculture, FEM Electric, Featured

Nathan Genzler got an early start in his career. As a child, he would visit Tulare Country Meats, the butcher shop where his dad worked, after school. When he was about 8 years old, he was told that if he was going to be there, they were going to pu...

North Central Farmers Elevator, Craven

Category: (none)

FEM, assist with expansion of a grain handling and storage

North Central Farmers Elevator, Ipswich Headquarters

Category: (none)

FEM, assist with construction of a new office faciity

North Central Grain Storage Lp

Category: (none)

FEM, assist with construction of grain storage

Northeast South Dakota Community Action Program,

Category: (none)

East River provided USDA funded loans to assist with recapitalization of a loan fund

Northeast South Dakota Economic Corporation

Category: (none)

Whetstone Valley assisted with renovation of a new office buiilding

Northeast South Dakota Economic Corporation, Facility

Category: (none)

Whetstone Valley and other cooperatives made a USDA funded loan to assist with purchae of a new office building.

Northern Geo, LLC

Category: Agralite, Business, Cooperatives

Northern Geo was awarded financing when Agralite Electric issued a Rural Electric Economic Development, or REED, loan to Northern Geo for expansion of their heatpump manufacturing plant located in Appleton, MN. Working closely with local banks, other loan funds, state and federal agencies to finance community and economic development projects, Agralit...

Northern Plains Lumber

Category: Southeastern, Business

REED Fund Helps Lumber Company Thrive in Rural South Dakota As experienced lumber industry professionals, Tim Doyle and Carl Serck saw an opportunity to invest in a local lumberyard, both as a business venture and a chance to save a community. But they knew they needed assistance. “The REED Fund has ...

Northern Star Subways, Inc.

Category: Codington Clark Electric, Business, Cooperatives

REED financing assisted with remodeling existing Subway restaurants in Milbank, population 3,353, and Watertown, population 21,482. Upgraded equipment and new décor packages added to the customer friendly atmosphere in the restaurants. The firm also added two additional locations in Watertown.

Northern Star Subways, Inc.

Category: (none)

Codington Clark, assist with financing a francise expansion

Northside Properties, LLC

Category: Business, Lake Region

Northside Properties LLC Receives Loan from Lake Region Electric’s REED Fund Northside Properties LLC was recently awarded financing when Lake Region Electric issued a Rural Electric Economic Development, or REED, loan to Northside Properties LLC for a building for retail businesses in Roslyn, SD. Working closely with local banks, other loan funds...

Oahe Trail Development, Inc.

Category: (none)

Oane Electric, assist with infrastructure extension to housing development

On Hand Development Corporation

Category: (none)

Dakota Energy, assist with conversion of a school into a community center

Opera House Group

Category: Central, Community, Cooperatives

Once slated for demolition, the 1905 Opera House now stands proudly on the corner of Dakota and First Street in Wessington Springs, population 974. Financing was used for heating and cooling systems to permit year round use of the facility. The opera house is the only stage in town an...

Opera House Group

Category: (none)

Central Electric, assist with renovations in historic opera house

Our Home, Inc.

Category: Dakota Energy, Community, Cooperatives

Our Home is a non-profit organization that provides housing and educational services to at-risk youth. The $100,000 loan was used to aid in construction of a new dormitory at the facility near Huron, SD, population 12,592.

Our Home, Inc.

Category: (none)

Dakota Energy, USDA funded loan to support expansion of a residential facility for at risk youth

PEDCO

Category: Pierre, Cooperatives

The REED Fund assisted the Pierre Economic Development Corporation with financing infrastructure and the construction of a 29,000 square foot building to relocate Eagle Creek Software Services to Pierre. This business currently employs approximately 60 people and expects to eventually bring 175-200 jobs to the community.

Peanotz, Inc

Category: (none)

Codington Clark Electric, financed equipment for snack food manufacturer

Pickerel Lake Lodge

Category: (none)

Lake Region Electric, loan to add motel facilities to a lakeside resort

Pierre Economic Development Corporation

Category: (none)

Oahe Electric, financed construction of an office facility for lease

Pioneer Garage, Inc.

Category: (none)

Dakota Energy, financed expansion of implement dealership

Pioneer Memorial Hospital & Health Services

Category: (none)

Southeastern Eleectric, USDA funded loan to assist with adding memory care faciities to a local hospital

Plagman's Grocery

Category: Kingsbury, Business, Cooperatives

Plagman’s Food Center and Hardware are separate storefronts in a single building. Both business were in aging buildings on the town’s Main Street and were relocated to a new facility on the intersection of US Highways 81 and 14 in Arlington, SD (population 915) for better visibility. The new buildin...

Prairie Heart Guest House, Inc.

Category: Southeastern, Healthcare, Cooperatives

The GuestHouse is a 20 unit motel-like structure connected to the Heart Hospital of South Dakota. The purpose of the non-profit project is to offer reasonably priced, to free, accommodations to patients and families of patients of the hospital and adjacent North Central Heart Clinic. The facility features comfortable commo...

Prairie Heart Guest House, Inc.;

Category: (none)

Southeastern Electric, loan for expansion of a motel-like facility at the Heart Hopsital of South Dakota

Prairie Properties, LLC (2018)

Category: H-D Electric, Multi-Family Housing

Prairie Properties, LLC Receives Loan from H-D Electric Cooperative’s REED Fund H-D Electric Cooperative recently issued a Rural Electric Economic Development (REED) loan to Prairie Properties, LLC for the construction of an eight-plex apartment building in Lake Norden, SD. H-D Electric Cooperative utilizes the REED Fund to partner with local banks, othe...

Prairie Properties, LLC (2019)

Category: H-D Electric, Multi-Family Housing

Prairie Properties, LLC Receives Loan from H-D Electric Cooperative’s REED Fund H-D Electric Cooperative recently issued a Rural Electric Economic Development (REED) loan to Prairie Properties, LLC for the construction of a ten-plex apartment building in Lake Norden, SD. H-D Electric Cooperative utilizes the REED Fund to partner with local banks, othe...

Providing the Perfect Blend: Mixing Agriculture & Chemistry

Category: Agriculture, FEM Electric

Prescription Agronomics, now Agtegra, creates customized fertilizers to help farmers save money Winter is on the way. Dropping temperatures used to mean a slower season for the team at Prescription Agronomics, which creates customized fertilizers for regional farmers. Director of Operations Jon Gilbert explained that the company’s operations used to decreas...

Purity Seeds, LLC

Category: Codington Clark Electric, Agriculture, Cooperatives

Purity Seeds, LLC, a family business located near Raymond, SD (population 69), is growing and packaging whole flaxseed for human consumption. They offer high quality, clean, whole golden omega flax seed, fresh cold milled flax, and crafted flax. Purity Seeds has also developed several ready to make mixes using fla...

RS Fiber Cooperative

Category: Renville-Sibley, Community, Cooperatives

Renville-Sibley recently closed a $1.5 million loan from the REED Fund to RS Fiber Cooperative of Gaylord, Minn. RS Fiber is a newly-formed cooperative created through a community-driven effort to bring a high-speed fiber-optic connection to everyone in the project area and provide low-cost, reliable high-speed internet, crystal clear vide...

Regency Midwest Ventures, LP

Category: (none)

Oahe Electric, loan to construct hotel and convention facility

Richmond Lake Sanitary District

Category: (none)

Northern Electric, USDA funded loan to construct wastewater treatment system

Riverfront Broadcasting

Category: Central, Business, Cooperatives

MITCHELL, SD, January 25, 2016 - Mitchell, S.D. – Central Electric Cooperative’s Rural Electric Economic Development (REED) Fund will help to spur economic development over the airwaves thanks to a recent economic development loan. The REED Fund recently closed a loan to Riverfront Broadcasting, LLC which has purchased two radi...

Rock County Opportunities

Category: Sioux Valley Energy, Community, Cooperatives

Rock County Opportunities (RCO) received financing from Sioux Valley Energy to assist with constructing an addition to its facility in Luverne, MN. The addition will provide additional space for work opportunities for people with disabilities and related conditions. RCO provides training and job coaching to its clients and contracts wit...

Rocky Ridge Hunting, Inc.

Category: Oahe, Business, Tourism, Cooperatives

Rocky Ridge Hunting, Inc. used financing to construct a new sporting clay course and a steakhouse located one mile off of Highway 14 near Harrold, SD. During the off-season, Rocky Ridge facilities can be used for family reunions, corporate retreats and meetings.

Ron's Equipment Painting

Category: Whetstone Valley, Business, Manufacturing, Manufacturing, Cooperatives

Ron’s Equipment Painting, based in Milbank SD population 3,536, constructed a larger facility to accommodate business expansion using REED financing. The company paints heavy equipment manufactured in Watertown, SD and also paints farm and other equipment. In addition to new paint booths and expanded work facilities, the business has ...

Rosewood Barn

Category: (none)

Central Electric, financing to assist with renovation of a barn into a hunting lodge

Rosholt Housing and Redevelopment Authority

Category: Traverse Electric, Multi-Family Housing, Cooperatives

Rosholt Housing and Redevelopment Commission has a successful 17-year track record in building and managing housing in the town of 427. It owns 10 units, two 4-plexes and a duplex, to meet a growing need for housing. An additional 4-plex was recently completed with all units spoken for. Traverse Electric’s REE...

Rosholt School District

Category: Traverse Electric, Community, Cooperatives

The School District, located in Rosholt SD, population 423, has accessed financing from Traverse Electric three times, all through the USDA REDL&G program. The first loan helped to construct classrooms for grades 9-12, a library and computer laboratory connected to the existing K-8 school building. The library and lab ar...

Rosholt School District

Category: (none)

Traverse Electric, a USDA funded loan to assist with an addition to a K-12 School

Rosholt School District

Category: (none)

Traverse Electric, a USDA funddd loan to assist with upgrades to a K-12 School

Roy Lake Resort

Category: (none)

Lake Region Electric, financing ot expand and improve cabins near a state park

Rutland School

Category: (none)

Sioux Valley Energy, financing help with adding a distance learning classroom

SDSU Growth Partnership: Fueling Economic Development

Category: Sioux Valley Energy, Business, Featured

Universities are unique environments. They serve as fertile ground to test innovative ideas. They cultivate creativity and talent. With the right resources and collaborations, academia can provide fuel for economic growth. Community, business and university leaders in Brookings, South Dakota formed a collaboration in 2004 to help harness the power o...

Sanborn County Development Corporation

Category: (none)

Central Electric, a loan to assist with renovation and expansion of a nursing care center

Schmidt's Landing

Category: (none)

A loan from Whetstone Valley helped with expanding camping hookups

Schultz Brothers Dairy

Category: (none)

Southeastern Electric, a loan to assist with expansion of a dairy

Shady Beach

Category: (none)

Whetstone Valley Electric, financing to assist with purchase of a lakeside supper club

Shady Beach 2

Category: (none)

Whetstone Valley Electric, financing ot assist with pruchase of a supper club

Shinamerica, Inc.

Category: (none)

Kingsbury Electric, financing to assist a local industry with purchasing equipment

Shortfoot Calf Ranch

Category: (none)

Lake Region Electric, financing to assist a calf-raising operation to expand

Silver Plains Assisted Living, LLC

Category: (none)

Kingsbury Electric, a loan to assist with construction of an assisted living facility

Sodak Shores

Category: (none)

Whetstone Valley Electric, loan to assist with construction of a a restaurant

South Dakota Pulse Processors, LLC

Category: Oahe, Agriculture, Cooperatives

Oahe Electric’s loan fund, the REED Fund, has issued loans to Pierre Economic Development Corporation (PEDCO) and South Dakota Pulse Processors, LLC (SDPP) to construct a building and purchase equipment to operate a pulse processing plant in Harrold, SD. The REED Fund partnered with the State of South Dakota t...

South Dakota Wheat Growers Association

Category: (none)

Dakota Energy, financing to assist with construction of a grain handling facility

South Dakota Wind Partners, LLC

Category: (none)

Central Electric, interim financing for working capital to construct a producer owned wind farm

South Eastern Development Foundation

Category: (none)

East River, USDA funded loans assisted with increasing lending capacity

South Eastern Development Foundation

Category: East River, Community

SEDF was created to stimulate economic development through the creation of a regional revolving loan (RLF) fund for residents of Clay, Lincoln, McCook, Minnehaha, Turner and Union counties. The RLF serves as a lending partner with banks and other financial institutions in the region. SEDF’s typical loans range from $20,00...

Southridge Feedyard, LLP

Category: (none)

Sioux Valley Energy, loan to construct large scale cattle feeding unit

Southwest Regional Development Commission

Category: (none)

Lyon Lincoln Electric, a USDA funded loan assisted with capitalizing a Property Assessed Clean Energy loan fund

Steak Out

Category: (none)

FEM Electric, loan to construct a supper club

Steve's Welding

Category: (none)

Central Electric, loan to expand a welding shop

Stickney Community Development Company, Inc.

Category: (none)

Central Electric, loan to construct facility for welding shop

Sun Dial Manor, Inc.

Category: (none)

Lake Region Electric, loan to renovate a nursing care center

Sun Dial Manor, Inc.

Category: (none)

Lake Region Electric, loan to improve a nursing care center

Sundial Manor

Category: Lake Region, Healthcare, Cooperatives

Sun Dial Manor, Inc. Receives Loan from Lake Region Electric’s REED Fund Sun Dial Manor, Inc. was recently given a helpful hand when Lake Region Electric Cooperative, Inc. issued a Rural Electric Economic Development, or REED, loan. The funds will be used to purchase and install a new generator to assur...

Sunset Adventures, Inc

Category: Kingsbury, Business, Cooperatives

REED financing assisted construction of a 37-unit motel, including meeting rooms, indoor pool and exercise facilities. It provides accommodations in DeSmet SD, population 1,129, the town that claims Laura Ingalls Wilder as its favorite daughter.

Sunset Manor/Sunset Villas

Category: Southeastern, Healthcare, Cooperatives

Sunset Manor received a 0% loan from Southeastern Electric using USDA’s REDL&G program to assist with construction of an assisted living facility and medical clinic in Irene, SD, population 420. The facility has eight (one and two bedroom) apartments and a common dining room. The Manor operates the facility. Th...

Supreme, M.M.T., Inc.

Category: (none)

H-D Electric, loan to expand a business

Swenson Brothers Storage

Category: (none)

A loan from Centeral Electric assisted with constructing storage units

Talbott Honey

Category: (none)

Central, loan to expand a business

The Bird's Nest, Inc.

Category: Sioux Valley Energy, Business, Cooperatives

The Bird's Nest, Inc. is a hunting lodge and pheasant guide business located near Winfred, SD, population 52. The Bird's Nest offers a unique private get-away less than an hour away from Sioux Falls, SD. With over 1300 acres of hunting ground ranging from milo to sorghum to CRP, shelterbelts...

The Infrastructure to Attract Industry

Category: FEM Electric, Business

Industrial parks are a valuable recruitment tool. But acquiring a large property and establishing the requisite infrastructure to attract companies is a major undertaking, particularly for a rural area. The people of Faulkton, South Dakota have long prioritized economic development. According to Trevor Cramer, economic development director for the Faulkton Are...

Tiny Tigers Community Daycare

Category: (none)

FEM Electric, loan to finance a Child Care Center

Town of Revillo

Category: (none)

Whetstone Valley Electric, lona to construct a community center

Town of Ward

Category: Sioux Valley Energy, Community, Cooperatives

The Town of Ward Receives $25,000 Loan from Sioux Valley Energy’s REED Fund The Town of Ward was recently given a helpful hand on August 21, 2013 when Sioux Valley Energy issued a Rural Electric Economic Development, or REED, loan to The Town of Ward. The funds will be used t...

Tractors and Trucks, LLC

Category: Lake Region, Cooperatives, Business, Agriculture

WEBSTER, SD, September, 2016 – Lake Region Electric Association’s Rural Electric Economic Development (REED) Fund was recently utilized to help support local agriculture. It is exciting when a need exists in a community and a local business owner can raise the capital and meet the need. That ability is wha...

Tracy Economic Development Authority

Category: (none)

Lyon-Lincoln Electric, loan to help finace a facilty for lease to a dentist

Trav's Outfitter

Category: Codington Clark Electric, Business

Trav’s Outfitters Receives Loan from Codington-Clark Electric Cooperative’s REED Fund Watertown – Trav’s Outfitters, a locally-owned family business started in 2003, has recently expanded their operations to a new 28,000 square foot building on the NE side of Watertown on Highway 212. The REED Fund partnered with a local bank, GrowS...

Truss-Pro's

Category: Lake Region, Business, Manufacturing, Cooperatives

In business since 1978, Truss Pro’s, a wholesale manufacturer of roof and floor trusses for sale to lumber yard dealers in a five-state area, has grown from a small three person shop into a major rural success story in Britton, SD, population 1,241. REED financing assisted with expansion including ...

Tuffy's Tots Daycare and Learning Center

Category: (none)

Southeastern, loan to construct a child care center

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 tim...

Tumbleweed Lodge

Category: (none)

Oahe, loan to expand a hunting lodge

Tyler Community Golf Club

Category: Lyon-Lincoln, Community, Cooperatives

The Tyler Community Golf Club is an 18-hole golf course and community/club house facility near Tyler, MN, population 1,143. REED financing was used to construct an addition to the meeting area to allow seating for up to 300 people. The facility will be used for public meetings, special events an...

Tyler Healthcare Center/Lake Benton Clinic

Category: Lyon-Lincoln, Healthcare, Cooperatives

Lake Region Electric’s loan to Tyler Health Care will help make needed physical improvements to the Lake Benton Minnesota Clinic and enable them to obtain Provider-Based Rural Health Clinic designation from the US Department of Health and Human Services. After renovations the clinic will operate 32-40 hours per week, a...

Tyler Hospital

Category: (none)

Lyon Lincoln Electric, USDA funded loan for renovation of a hospital

Union County Historical Society (UCHS)

Category: Union County Electric, Community, Cooperatives

The Historical Society, a volunteer organization in Elk Point, SD, population 1,963, received financing from Union County Electric Cooperative using the USDA REDL&G program, to purchase a 6.7 acre site with a house, two barns and an historic brick kiln for use as a museum, interpretive center and visitor’s center...

Valley Ag Supply, Inc

Category: Clay Union, Agriculture, Cooperatives

Valley Ag Supply, Inc. sells fertilizer, seed, chemicals and other ag related supplies from its Gayville, SD (population 407) business. REED financing helped the business expand into custom spraying.

Vermillion Area Chamber & Development Company

Category: Clay Union, Community

Vermillion Area Chamber & Development Company Receives Loan from Clay Union Electric’s REED Fund The Vermillion Area Chamber & Development Company was awarded financing in December of 2019 when Clay Union Electric issued a Rural Electric Economic Development, or REED, loan to finance a state of the are storage facility whic...

Vos/Pluto Legal

Category: Lyon-Lincoln, Business, Cooperatives

A REED loan assisted Pluto Legal’s move from a home base into an office facility. The company specializes in Estate Planning, Elder Law Planning, Wills, POS, HCD and Probate.

Wakonda Heritage Manor

Category: Clay Union, Healthcare, Cooperatives

Located in Wakonda, SD, population 321, Heritage Manor used REED financing make renovations to the entry and resident lounge areas, giving families added space to meet with loved ones and accommodate residents with assistant devices. Also included in the renovations were additional administrative office space and a networked computer system.

Wakonda Heritage Manor

Category: (none)

Clay Union Elecric, financing to renovate a nursing care center

Watertown Development Company

Category: Codington Clark Electric, Business, Cooperatives

The Watertown Development Company was the recipient of a zero-interest $300,000 loan awarded by Codington Clark Electric to apply towards the spec building that has been constructed at Pheasant Ridge Industrial Park. The WDC Board was presented with the check during their regular board meeting held on Wednesday. This is th...

Webster Area Development Corporation

Category: (none)

Lake Region Electric, financing to make improvements to an industrial facility for lease

Webster Home Center

Category: Lake Region, Business, Cooperatives

The Webster Lumber & Home Center opened in August, 2008. This business is a full scale lumber and home building supplies business for Webster and the surrounding area. The REED Fund assisted with financing the construction of the building and purchasing inventory and fixtures to bring this needed business t...

Werkmeister Welding, LLC

Category: Douglas, Business, Cooperatives

Werkmeister Welding is a family owned business in its third generation of family leadership located near Armour, SD population 699. It was founded in 1982 and is a leading manufacturer of high quality cattle feeding equipment. REED financing assisted in the construction of a new building. The company also purchase...

Weskota Manor, Inc.

Category: (none)

Central Electric, loan to assit with an addition to a nursing care center

West-Con Expansion Builds Capacity, Resiliency

Category: Agriculture, Agralite, Featured

It’s estimated that independent businesses return an average of three times more money to their communities than their competitor chains. The REED Fund has long been investing in local companies to help build businesses —and ultimately more resilient local economies. Some of REED’s loans support projects that add value to loca...

Western Consolidated Cooperative

Category: Whetstone Valley, Agriculture, Cooperatives

Western Consolidated Cooperative used a REED loan to aid in the construction of a 1.1 million bushel grain terminal near Twin Brooks SD, population 69. In addition to the enclosed storage there is a 2.2 million bushel piling system connected to the main terminal. There is also a 10,000 bu/h...

Western Consolidated Cooperative (West-Con)

Category: Agralite, Agriculture, Cooperatives

Western Consolidated Cooperative (West-Con) of Appleton, MN was the recipient of a loan to expand its grain storage facility courtesy of an Agralite Electric Cooperative REED Fund loan. West-Con’s expansion is phase 2 of a multi-year project that added over 2.75 million bushels of storage and expanded its rail loadin...

Westside Implement

Category: (none)

Codington Clark, financing to expand an implement dealership

Whetstone Creek Golf Course

Category: Whetstone Valley, Business

Whetstone Creek Golf Course Receives REED Fund Loan The Whetstone Creek Golf Course was recently awarded financing on 7/29/2020 when Whetstone Valley Electric issued a Rural Electric Economic Development, or REED, loan to the golf course to install an irrigation system and make other improvements to the course in Milbank, SD. Workin...

Yankton Fire Protection District

Category: (none)

Bon Homme-Yankton Electric, loan to construct a fire hall

Yankton Rural Fire District

Category: Bon Homme, Community, Cooperatives

The Yankton Rural Fire Association is a membership organization that owns and operates fire protection equipment. It is staffed by the City of Yankton Fire Department to serve rural and residential residents outside the city of Yankton, SD. The fire association obtained a loan to construct an addition to th...

Yankton Rural Fire Protection District

Category: (none)

Bon Homme-Yankton Electric, loan to construct a fire hall

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