2023 was a significant year for the Rural Electric Economic Development, Inc. Fund. We are proud to have reached $100 million in REED loans originated which has generated $1 billion in total project impact. Our loans have benefited more than 10,000 jobs across several rural communities in South Dakota and...Continue Reading
Over the past two decades, the Garden City Volunteer Fire Department in Clark County, South Dakota had become inactive. Residents of Garden City and the townships of Eden and Maydell relied on neighboring fire departments for emergency services, which meant response times were slower and fires had more time to...Continue Reading
More than 18% of South Dakota residents are over the age of 65. This is one of the fastest-growing groups in the country as medical and technology advancements allow people to live longer, healthier lives. For many people, this is a good thing. It allows them to stay active in...Continue Reading
The population of Milbank, South Dakota, continues to grow as more people discover this town. In 2021 alone, the population grew by 11% with nearly 3,500 residents calling Milbank home. As more people move to Milbank, demand for housing increases. To address this concern, the Rural Electric Economic Development (REED),...Continue Reading
FOR IMMEDIATE RELEASEWednesday, January 3, 2024For more information, contact:Audrey Anderson Dynamic and User-Centric Online Presence CreatedMADISON, SD -- Rural Electric Economic Development, Inc. (REED Fund) is excited to announce the launch of its newly redesigned website, created in collaboration with Golden Shovel Agency. The revamped site, found at www.reedfund.coop, features a...Continue Reading
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
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 Mount Vernon...Continue Reading
Who We've Helped
Broadband-2023
1
Broadband Cooperative
Education-2023
25
Education
(schools, distance learning, technology; including 5 childcare centers)
Agronomy-2023
20
Grain Handling/Agronomy Firms
(17 are producer owned, $467 million capital Investment)
Ag Processing-2023
27
Ag Processing Businesses
(16 producer-owned, $331 million capital investment)
Ag retail-2023
13
Agriculture Retail/Service Businesses
Tourism-2023
22
Tourism Related Businesses
Retail and service-2023
58
Retail and Service Businesses
Manufacturing-2023
29
Manufacturing Firms
(plant and/or equipment)
Recreation-2023
18
Recreation and arts facilities, non-profit, including community centers
Local-2023
9
Partner Regional and Local Loan Funds
Infrastructure-2023
21
Community Infrastructure Projects
(water, wastewater, streets, emergency)
Industrial parks-2023
43
Industrial Parks
(Office facilities or industrial buildings for lease or sale, all non-profit owners)
Housing-2023
26
Housing projects
(4 site development, 12 elderly and assisted living, 6 multi-family rental properties, 2 housing loan funds, 3 single family homes)