Throughout the years, facilities providing medical care across rural South Dakota and western Minnesota have received financial help from the REED Fund for important projects and upgrades. Whether it be a medical clinic or an assisted living facility, the REED Fund continues to assist these entities that are of vital...Continue Reading
April is National Volunteer Month and volunteer fire stations everywhere can use new helpers. If you are a Mount Vernon resident who has been looking for a way to dedicate your time to improving the community, consider volunteering for the Mount Vernon Volunteer Fire Department in South Dakota!
The...Continue Reading
Four entities in Alcester, SD recently secured REED Fund grants for important projects and upgrades that will benefit the community. 1st Financial Bank USA looked to the REED Fund to find communities in southeast South Dakota that needed money for projects, then provided them with the funds to distribute to...Continue Reading
The REED Fund recently closed a loan in Summit, SD for a manufacturing company. Skyview Construction is going to be building homes using metal studs and trusses that are manufactured in-house. The REED Fund helped finance new equipment that will be used to make the products.
American Bank and...Continue Reading
Who We've Helped
Broadband Cooperative
Industrial Parks
(Office facilities or industrial buildings for lease or sale, all non-profit owners)
Ag Processing Businesses
(16 producer-owned, $331 million capital investment)
Community Infrastructure Projects
(water, wastewater, streets, emergency)
Manufacturing Firms
(plant and/or equipment)
Grain Handling/Agronomy Firms
(17 are producer owned, $467 million capital Investment)
Recreation and arts facilities, non-profit, including community centers
Education
(schools, distance learning, technology; including 5 childcare centers)
Agriculture Retail/Service Businesses
Health Care Facilities
(clinics, hospitals, nursing care centers)
Housing projects
(4 site development, 12 elderly and assisted living, 6 multi-family rental properties, 2 housing loan funds, 3 single family homes)