Since 1996, Rural Electric Economic Development, Inc (REED), a collaborative effort of 21 consumer-owned electric cooperatives, has actively supported both community development and economic growth in eastern South Dakota and western Minnesota. REED’s mission is to provide financing and leverage investment into communities and rural areas to make a difference in the region. To achieve its mission REED provides financing to stimulate economic growth through...
The REED Fund has provided financing to leverage private investment, stimulate growth and contribute to quality of life in rural areas since 1996. This year’s REED Fund annual report showcases examples of several successful projects we have assisted in the region along with the Fund’s impact in terms of investment, employment and leverage.
Loans that enhance community services and quality of life necessary for sustainable development, such as healthcare, infrastructure, fire protection, education, arts and recreation, generally made to non-profit or public entities.
Organized in 1996, the Rural Electric Economic Development, Inc. (REED) Fund is a private non-profit corporation governed by 17 Electric Cooperatives serving eastern South Dakota and western Minnesota. Its primary mission is to provide financing and help leverage private investment in small communities and rural areas needed to keep the rural economy viable and improve quality of life in the region. To accomplish its mission...
Since 1996, the 16 electric cooperative partners that comprise the REED Fund have partnered with 51 financial institutions, 14 development corporations or revolving loan funds and 15 state and federal programs to finance projects. Through the REED Fund, these cooperatives have shown their commitment to rural development by investing over $13.5 million in loans to 82 projects. REED’s lending partners provided an additional $60.8 million...
Category: Annual Reports
Who We've Helped
Agriculture Retail/Service Businesses
(plant and/or equipment)
Retail and Service Businesses
(Office facilities or industrial buildings for lease or sale, all non-profit owners)
Tourism Related Businesses
Health Care Facilities
(clinics, hospitals, nursing care centers)
(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
Ag Processing Businesses
(16 producer-owned, $331 million capital investment)
Grain Handling/Agronomy Firms
(17 are producer owned, $467 million capital Investment)
Fire Protection Projects
(trucks and buildings)
Community Infrastructure Projects
(water, wastewater, streets, emergency)
(schools, distance learning, technology; including 5 childcare centers)
Recreation and arts facilities, non-profit, including community centers