News and Media

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

Tuesday, September 03, 2019

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 $10 million. The partnership was announced at a joint press conference on September 3. “Avera is pleased to partner with the Rural Electric Economic Development Fund with this $2 million investment in workforce housing,” said Avera Health President and CEO Bob Sutton. “Avera is committed to our rural roots and the communitie...

Sioux Valley Energy’s REED Fund Benefits Madison’s Best Western PLUS

Wednesday, December 04, 2019

Pictured (from left to right): Mike Jaspers, East River Electric Business Development Director; Betty VanDerWerff, Sioux Valley Energy Director of Finance and Accounting; Ron Howe and Terry Schultz, Madison Hospitality Group 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 Sioux Valley Energy General Manager/CEO Tim McCarthy. “Madison is a growing community and we are pleased to be a strong communit...

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