https://www.reedfund.coop Rural Electric Economic Development News Feed Wed, 27 May 2026 02:11:28 +0000 en-US https://www.reedfund.coop/lending-and-our-impact/featured-loans/p/item/67673/parkston-volunteer-fire-department-buys-new-truck-with-reed-loan https://www.reedfund.coop/lending-and-our-impact/featured-loans/p/item/67673/parkston-volunteer-fire-department-buys-new-truck-with-reed-loan Wed, 20 May 2026 05:00:00 +0000 The Rural Electric Economic Development, Inc. (REED) Fund, through Southeastern Electric Cooperative, recently issued a $300,000 loan to the Parkston Volunteer Fire Department to buy a new truck. These funds were sourced through the USDA Rural Economic Development Loan and Grant (REDLG) program, which is a program that offers financing... https://www.reedfund.coop/news-and-media/p/item/67503/reed-fund-joins-the-national-rural-economic-developers-association-for-a-washington-dc-flyin https://www.reedfund.coop/news-and-media/p/item/67503/reed-fund-joins-the-national-rural-economic-developers-association-for-a-washington-dc-flyin Thu, 07 May 2026 05:00:00 +0000 Eric Fosheim, Economic Development Manager of the REED Fund, flew to Washington, D.C., in April 2026 to represent the National Rural Economic Developers Association (NREDA) Rural Issues Committee. The 10-person cohort met with elected officials and other department representatives to advocate for federal programs that support rural communities.“Federal programs contribute... https://www.reedfund.coop/news-and-media/p/item/65902/reed-loan-facilitates-parkston-business-park-development https://www.reedfund.coop/news-and-media/p/item/65902/reed-loan-facilitates-parkston-business-park-development Thu, 18 Dec 2025 06:00:00 +0000 The Parkston Area Development Corporation (PADC) in Parkston, South Dakota, recently secured a $1 million loan from the Rural Electric Economic Development (REED) Fund to develop a 42-acre parcel just South of the community. The parcel has been converted into an 11-lot business park and is expected to create 17 full-time jobs... https://www.reedfund.coop/news-and-media/p/item/65723/340000-reed-fund-loan-allows-new-owners-to-purchase-yankton-koa https://www.reedfund.coop/news-and-media/p/item/65723/340000-reed-fund-loan-allows-new-owners-to-purchase-yankton-koa Tue, 09 Dec 2025 06:00:00 +0000 The Yankton, South Dakota, KOA Campground is under new ownership, partially thanks to a Rural Electric Economic Development (REED) Fund loan. Brittany Salonen-Geuther, and her husband, Cody, purchased the property in July 2025 and already have ideas for upgrades and renovations. “Since the KOA Campground first opened, there have been changes in modern... https://www.reedfund.coop/news-and-media/p/item/64822/usda-loan-replaces-stadium-lights-of-the-sisseton-youth-baseball-association https://www.reedfund.coop/news-and-media/p/item/64822/usda-loan-replaces-stadium-lights-of-the-sisseton-youth-baseball-association Mon, 29 Sep 2025 05:00:00 +0000 The Sisseton Youth Baseball Association recently received a $150,000 loan from the U.S. Department of Agriculture and Whetstone Valley Electric to replace the lighting in its baseball field. The loan covered half the $300,000 project costs.“The lighting has been a huge benefit to our community,” says Wade Veflin, Treasurer. “Sisseton is a community... https://www.reedfund.coop/news-and-media/p/item/64270/the-reed-fund-supports-childcare-investment-across-south-dakota https://www.reedfund.coop/news-and-media/p/item/64270/the-reed-fund-supports-childcare-investment-across-south-dakota Wed, 20 Aug 2025 05:00:00 +0000 The Rural Electric Economic Development (REED) Fund recently approved two loans to expand childcare access in South Dakota. Crooks Community Child Care Center received $1.2 million, and The Knapp & Play Learning Center received $125,000. Both loans are equally valuable in bringing daycare options to the communities they serve. The... https://www.reedfund.coop/news-and-media/p/item/63725/reed-approves-900000-loan-to-help-purchase-orchard-square-apartments-in-yankton-south-dakota https://www.reedfund.coop/news-and-media/p/item/63725/reed-approves-900000-loan-to-help-purchase-orchard-square-apartments-in-yankton-south-dakota Wed, 16 Jul 2025 05:00:00 +0000 The Orchard Square Apartments in Yankton, South Dakota, have new ownership thanks, in part, to a loan from the Rural Electric Economic Development, Inc. (REED) fund. A $900,000 loan covered half of the purchase price of the apartments, allowing Jason Orr to take over as the new owner.  “The apartments... https://www.reedfund.coop/news-and-media/p/item/63126/the-dakota-trails-golf-course-renovates-and-expands-its-clubhouse-with-a-200000-reed-loan https://www.reedfund.coop/news-and-media/p/item/63126/the-dakota-trails-golf-course-renovates-and-expands-its-clubhouse-with-a-200000-reed-loan Fri, 06 Jun 2025 05:00:00 +0000 Golfers near Armour, South Dakota, can enjoy a modern clubhouse experience and relax on an outdoor, newly covered deck after recent renovations to the Dakota Trails Golf Course. This nine-hole course is open to the public in the Douglas County Recreational Area on Corsica Lake. Renovations to the clubhouse were... https://www.reedfund.coop/news-and-media/p/item/63061/hartford-area-development-foundation-secures-a-600000-reed-loan-to-develop-the-north-oaks-industrial-park https://www.reedfund.coop/news-and-media/p/item/63061/hartford-area-development-foundation-secures-a-600000-reed-loan-to-develop-the-north-oaks-industrial-park Tue, 03 Jun 2025 05:00:00 +0000 Hartford, South Dakota, has a new industrial park at 12th Street and Western Avenue to support business development and community growth. The 42-acre development has multiple available lots that can be adjusted to meet the needs of companies that move there. This development was made possible in part by a... https://www.reedfund.coop/news-and-media/p/item/61909/olivia-ambulance-service-uses-reed-loan-to-build-a-new-facility-to-accommodate-growing-needs https://www.reedfund.coop/news-and-media/p/item/61909/olivia-ambulance-service-uses-reed-loan-to-build-a-new-facility-to-accommodate-growing-needs Mon, 17 Mar 2025 05:00:00 +0000 Olivia Ambulance Service, Inc. in Olivia, Minnesota, debuted a new facility which was made possible with help from a $750,000 loan from the Rural Electric Economic Development Inc. (REED) Fund that will allow OAS to have the needed extra training and meeting space in hopes of growing the team to... https://www.reedfund.coop/news-and-media/p/item/61418/wall-south-dakota-uses-2-million-reed-loan-to-improve-street-and-sewer-infrastructure https://www.reedfund.coop/news-and-media/p/item/61418/wall-south-dakota-uses-2-million-reed-loan-to-improve-street-and-sewer-infrastructure Fri, 07 Feb 2025 06:00:00 +0000 The City of Wall, South Dakota recently completed a $4 million project to update the road, sidewalks, and sewer along six blocks of 4th Avenue. Funding for the project came from the city budget, a Department of Transportation grant, and a loan from the Rural Electric Economic Development (REED) Fund. These project... https://www.reedfund.coop/news-and-media/p/item/61315/meeker-cooperative-celebrates-90-years-of-service-and-two-years-as-a-reed-fund-member https://www.reedfund.coop/news-and-media/p/item/61315/meeker-cooperative-celebrates-90-years-of-service-and-two-years-as-a-reed-fund-member Fri, 31 Jan 2025 06:00:00 +0000 Since 1935, the Meeker Cooperative Light and Power Association has served residents and businesses in central Minnesota. It boasts more than 9,000 electric accounts across six different counties (Meeker, Kandiyohi, McLeod, Renville, Stearns, and Wright). This year, Meeker Cooperative turns 90 and has never looked better.“Meeker Cooperative has been a... https://www.reedfund.coop/news-and-media/p/item/60077/beseda-hall-inc-in-tabor-south-dakota-gets-a-new-roof-system-through-a-reed-fund-loan https://www.reedfund.coop/news-and-media/p/item/60077/beseda-hall-inc-in-tabor-south-dakota-gets-a-new-roof-system-through-a-reed-fund-loan Fri, 08 Nov 2024 06:00:00 +0000 Beseda Hall in Tabor, South Dakota, has more than 125 years of history. It was one of the first buildings to be constructed in the town and has served as a saloon, rooming house, hotel, and entertainment space. No matter how it has evolved, Beseda Hall has always been a... https://www.reedfund.coop/news-and-media/p/item/59628/28-years-of-reed-funding-looking-back-from-the-founding-six-members-to-today https://www.reedfund.coop/news-and-media/p/item/59628/28-years-of-reed-funding-looking-back-from-the-founding-six-members-to-today Tue, 01 Oct 2024 05:00:00 +0000 In early September, the East River Electric Cooperative held its annual meeting to celebrate 74 years of serving rural South Dakota and Western Minnesota communities. While the meeting focused on the performance of a single cooperative, the general discussion was much bigger. This year’s theme was Cooperatives: Partners in Progress,...