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Aberdeen Development Corp, East Industrial Park

Category:  Northern, Business, Cooperatives

In 1994, the Aberdeen Development Corporation purchased 160 acres to expand its industrial park with assistance from Northern Electric, who provided access to a 0% loan from USDA’s REDL&G program. It was completed in 1995 and is currently home to four businesses including the offices of the Aberdeen Development Corporation...

Aberdeen Development Corp, Molded Fiberglass

Category:  Northern, Business, Cooperatives

The Aberdeen Development Corporation is a private non-profit corporation with the mission of primary job creation. Developing the industrial and back-office economic base of Aberdeen and the region is their business. REED provided financing to assist with construction of a 319,500 sq ft building to be leased to Molded Fibe...

Aberdeen Development Corporation

Category:  Northern, Infrastructure, Cooperatives

In 1994, the Aberdeen Development Corporation purchased 160 acres to expand its industrial park with assistance from Northern Electric, who provided access to a 0% loan from USDA’s REDL&G program. It was completed in 1995 and is currently home to four businesses including the offices of the Aberdeen Development Corporation...

AutoMaxx

Category:  Northern, Cooperatives, Business

REED Fund Turns ‘A Dream’ Into Reality AutoMaxx of Aberdeen Open For Business With room for more than 250 vehicles, the large car lot at AutoMaxx just east of Aberdeen is something co-owner Kelly Krausz has been dreaming about. “It was a dream,” Krausz said. “I thought I should do it now o...

Beadle & Spink Enterprise Community, Inc.

Category:  Northern, Community, Cooperatives

Beadle & Spink Enterprise Community, Inc. (BASEC) established its loan fund in 1994 and makes loans to individuals, businesses and communities while also providing needed financial and technical assistance services to parts of Beadle and Spink counties. BASEC received a helping hand from Northern Electric Cooperative when a Rural Electric Economi...

Frederick Development Corporation

Category:  Northern, Multi-Family Housing, Cooperatives

Two new rental units have been built in the northern Brown County community of Frederick thanks in part to loans from Northern Electric Cooperative’s Rural Electric Economic Development (REED) Fund and Grow South Dakota. The Frederick Development Corporation received a $90,000 loan through the REED Fund and another $90,000 loa...

Frederick Development Corporation Refueling Station

Category:  Northern, Business, Community

The Frederick Development Corporation started working on plans to build an unmanned refueling station along the highway to give drivers a spot to fill up in the 43-mile stretch between Aberdeen and Ellendale. The project was completed in January thanks to financing from the Northeast South Dakota Economic Development Corporatio...

Tulare Country Meats

Category:  Northern, Business, cooperatives

Tulare Country Meats is a retail and processing facility in Tulare, SD, population 207, that has done custom processing of domestic livestock and wild game and distributes its products through two retail locations, in Tulare and Huron, SD, employing 14 people. The owners recently sold the business to long tim...