Fun times are waiting at Fun Time Adventures with a new go-kart track, mini golf course, and outdoor maze! Fun Time Adventures received financing from the REED Fund in partnership with West Central Electric Cooperative for the expansion.Fun Time Rentals recently moved to its new location at 910 Bass Drive...Continue Reading
$245K loan makes Pulse of Life Kids Center come to lifeAn innovative new partnership in Vermillion, South Dakota, highlights the connection between childcare and workforce development. Thanks to a $245K loan from Clay-Union Electric through the Rural Electric Economic Development (R.E.E.D.), Inc. Fund, the Pulse of Life Kids Center was...Continue Reading
The Rural Electric Economic Development, Inc. (REED) Fund is a community development financial institution that operates under cooperative principles of commitment to community and cooperation among its member cooperatives. The REED Fund assists projects that promote growth and contribute to job, business and wealth creation, as well as improve the...Continue Reading
Beadle & Spink Enterprise Community, Inc. (BASEC) is committed to providing loan opportunities for housing developments to residents of Beadle and Spink counties in South Dakota. These funds can be used toward building, purchasing, and improving homes.
“Our organization responds to the needs that come through our door, so...Continue Reading
Who We've Helped
Ag Processing Businesses
(16 producer-owned, $331 million capital investment)
Agriculture Retail/Service Businesses
Manufacturing Firms
(plant and/or equipment)
Industrial Parks
(Office facilities or industrial buildings for lease or sale, all non-profit owners)
Tourism Related Businesses
Education
(schools, distance learning, technology; including 5 childcare centers)
Community Infrastructure Projects
(water, wastewater, streets, emergency)
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)
Partner Regional and Local Loan Funds
Grain Handling/Agronomy Firms
(17 are producer owned, $467 million capital Investment)
Recreation and arts facilities, non-profit, including community centers