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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...
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...
REED Approves $900,000 Loan to Help Purchase Orchard Square Apartments in Yankton, South Dakota
Jul 16 2025The 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...
The Dakota Trails Golf Course Renovates and Expands Its Clubhouse With a $200,000 REED Loan
Jun 6 2025Golfers 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...
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...