March 01, 2015
Category: Annual Reports
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 REED makes loans that support job creation, job retention, self-employment and community capacity building activities throughout the 36,000 square miles it serves.
1
Broadband Cooperative
25
Education
(schools, distance learning, technology; including 5 childcare centers)
20
Grain Handling/Agronomy Firms
(17 are producer owned, $467 million capital Investment)
27
Ag Processing Businesses
(16 producer-owned, $331 million capital investment)
13
Agriculture Retail/Service Businesses
22
Tourism Related Businesses
58
Retail and Service Businesses
29
Manufacturing Firms
(plant and/or equipment)
18
Recreation and arts facilities, non-profit, including community centers
9
Partner Regional and Local Loan Funds
21
Community Infrastructure Projects
(water, wastewater, streets, emergency)
43
Industrial Parks
(Office facilities or industrial buildings for lease or sale, all non-profit owners)
26
Housing projects
(4 site development, 12 elderly and assisted living, 6 multi-family rental properties, 2 housing loan funds, 3 single family homes)
33
Fire Protection Projects
(trucks and buildings)
Health Care Facilities
(clinics, hospitals, nursing care centers)