News and Media
REED Fund Loan Assists Financial Lender
Jan 13 2021As the Executive Vice President of First District Development Company (FDDC), Paula Hulscher routinely sees the gratitude small business owners have when receiving financial assistance. So when FDDC received a REED Fund loan to help build a new office building, Hulscher was able to experience it herself.
“We had been leasin...
Most of 2020 has been a difficult year for the hospitality industry. The new Best Western PLUS Lakeview Hotel in Madison, South Dakota, has felt the sting of historically low occupancy rates hotels are experiencing across the nation. Despite opening only a few months prior to the height of th...
For Immediate Release: October 16, 2020
Contact: Stephanie Horst, Manager
Bon Homme Yankton Electric Association, Inc.
Office: 605-463-2507
horst@byelectric.com
Horizon Health Care receives loans to relocate and expand Yankton Community Health Center and Dental Services
YANKTON — The Horizon Health Care, Inc. (Horizon) clinic in Yankton, SD has benefitted from a pair of low-interest loan...
*** Update: The Small Business and Healthcare Provider Relief Program application deadline has been extended through October 30.
South Dakota small business and health care providers negatively impacted by the COVID-19 pandemic are now eligible to apply for direct grants from the Coronavirus Relief Fund. Eligible businesses and organizations will b...
REED Fund Helps Lab Develop COVID Vaccine
Oct 12 2020As a leading immunological products and services company, Medgene Labs is at the forefront of vaccine development for the livestock production industry. Recently, the company has turned its attention to the development of a COVID-19 vaccine for companion animals and humans, with its lead candidate testing favorably in animals. Th...
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 the local volunteer fire department.
Lesterville Fire and Rescue has been providing fire protectio...
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 producers propagate genetics that will advance their operation, thei...
Huron, Aug. 12, 2020 – The Trump Administration today announced that the United States Department of Agriculture (USDA) is investing $300,000 in a Rural Economic Development Grant to Dakota Energy Cooperative, Inc. to lend these funds to the Huron Regional Medical Center (HRMC) to purchase fluoroscopic equipment that will replace agin...
