Business & Industry
188
Business & Industry
Agri Business Loans
To recognize agriculture’s impact on the region’s economic base, REED makes loans to support projects that add value to local agriculture production through innovation, improved services, further processing, or marketing. Loans are not made for traditional production agriculture.
All borrowers are encouraged to integrate energy efficiency in facilities and construction. Purchase of electricity from a REED member cooperative is NOT required to receive financing. For more information, check out Eligibility and Application, for qualifications and to obtain an application.
Results
14 & 25, Inc.
Category: (none)
Kingsbury Electric awards loan to local group to build a Dairy Queen/Subway restaurant
1481 Grille
Category: (none)
Kingsbury Electric awards loan to assist new owner to buy 14-81 Grille in Arlington
1804 Boat Storage
Category: (none)
Oahe Electric awards loan to assit with construction of storage units near Missouri River
605 Sires, LLC
Category: Agriculture, Southeastern
605 Sires Receives Loan from Southeastern Electric’s REED Fund
605 Sires, LLC has expanded their family owned full-service bull collection and donor facility and was recently awarded financing when Southeastern Electric’s loan fund, the REED Fund assisted with the expansion.
605 Sires opened in 2017 and...
A H Meyer and Sons, Inc.
Category: (none)
Sioux Valley Energy makes loan to assit honey producer with expansion and new equpment purchase
Aberdeen Development Corp, 4-Star Plastics
Category: (none)
Northern Electric makes loan to development corporation to construct facility for lease to manufacturing firm
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, Leashold faclity
Category: (none)
Northern Electric awards loan to assist with constructing an office building
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 Fiber...
Aberdeen Development Corp, Progressive 1
Category: (none)
Northern Electrtic makes loan to help improves office facility for lease
Aberdeen Development Corp, Progressive 2
Category: (none)
Northern Electric loans to development corporation to modify facilty for expanding busineses
Aberdeen Development Corp, Verifications
Category: (none)
Northern Electric loans to assist with construction of office facility
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,...
Aberdeen Rural Fire Protection District, Fire Truck
Category: (none)
Northern Electric awards USDA Funded loan to fire protection district for purcase of a fire truck
Aberdeen Rural Fire Protection District, Fire Truck
Category: (none)
Northern Electric makes fire protection district a loan for fire truck
Ag Services Inc.
Category: (none)
Northern Electric makes loan to local buisness to purchase equipment for ag processing
Agland Cooperative, Delmont Agronomy Facility
Category: (none)
Southeastern Electric issues laon to ag cooperative for agronomy facility in Parkston
Agland Cooperative/Agronomy Facility
Category: (none)
Douglas Electric lends ag cooperative funds that help construct agronomy facility in Delmont
Airport Travel Center
Category: (none)
Northern assists local owner with loan to build new restaurant, gas and convenience store
Alliance Midstream
Category: Agralite, Business, Cooperatives
Alliance Midstream receives loan through Agralite Electric Cooperative
BENSON, Minn. — A critical, longtime propane delivery terminal at Benson will continue to operate thanks to a loan secured through Agralite Electric Cooperative. Alliance Midstream LLC, which was developed to keep the terminal operational, has received a $500,000 loan through...
Alliance Midstream
Category: (none)
Agralite Electric makes loan to assist with expanding faclities for regional propane distribution
Anderson Nills & Associates, Inc.,
Category: (none)
Oahe Electric makes loan to assist with purchasing a service buisness
Areawide Business Council
Category: (none)
East River helps Areawide Business Council recapitalize regional loan fund with USDA funded loans
Arlington Community Development Corporation
Category: (none)
Kingsbury Electric lends to help development corporation construct a facilty for lease to manufacturer
Arlington Development Corporation
Category: (none)
Kingsbury Electric makes loan to develoment corporation to expand faclity for lease to business
Armour Electric Motor Repair, Inc
Category: Douglas, Business, Cooperatives
A loan from Douglas Electric assisted a new owner to purchase an existing business. The company provides general electrical and wiring services and rewinds motors.
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...
Avera Health and Rural Electric Economic Development Fund Announce Workforce Housing Development Financing Partnership
Category: Multi-Family Housing
SIOUX FALLS, S.D. – Avera Health and the Rural Electric Economic Development (REED) Fund Tuesday announced a new $10 million workforce housing development financing partnership. Avera has committed $2 million to the partnership and REED has committed an initial $4 million, with plans to grow the total fund to $10...
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 Economic...
Best Western PLUS Lakeview Hotel
Category: Business, Sioux Valley Energy, Success Stories, Cooperatives
Madison, S.D. – Sioux Valley Energy has provided a loan to the new Best Western PLUS Lakeview Hotel in Madison through its Rural Electric Economic Development (REED) loan fund.
“We are proud to partner with the owners of Madison’s...
Blunt Cash Store
Category: (none)
Local owner expands and relocates gas and convenience store with loan assistance from Oahe Electric
Bouza & Schroeder Rentals Inc.
Category: (none)
Local firm constructs facilty for lease to veterinarian with a loan from Charles Mix Electric
Bowdle Hospital/Community Center
Category: FEM Electric, Healthcare, Cooperatives
The city of Bowdle, population 502, received a loan to construct an addition that connects the city-owned hospital and the nursing care center. The addition enabled shared services and new services, such as a wellness center and community room.
Bryant Area Improvement, Inc.
Category: (none)
H-D Electric awards loan or construction of clinic facility in Bryant
Building Infrastructure for a Thriving Community
Category: FEM Electric, Community
Public gathering places play a vital role in the social life of a community. Community centers help cultivate relationships and a sense of belonging. Publicly owned recreational amenities like parks and gymnasiums take it a step further, enabling residents to reap the additional mind and body benefits of getting physical.Unfortunately,...
C9 Enterprises
Category: West River Electric, Business
C9 Enterprises Receives Loan from West River Electric’s REED Fund
C9 Enterprises was recently awarded financing in February of 2019 when West River Electric Association issued a Rural Electric Economic Development, or REED, loan to C9 to purchase a local restaurant, Red Rock Restaurant, in Wall, SD. ...
Capital University Center
Category: Oahe, Community, Cooperatives
Capital University Center, located in Pierre, SD, population, 13,646, is a South Dakota Board of Regents institution that delivers higher education opportunities to a seventeen county area in Central South Dakota through the state’s public universities. The REED fund loan helped to finance construction of a facility to meet the...
Castlewood Farmers Elevator
Category: (none)
H-D Electric assist with expansion of Castlewood Farmer's Elevator
Cattail-Woodland Cabinetry
Category: Whetstone Valley, Cooperatives
Whetstone Valley Electric makes loan to help expand Woodland Cabinetry in Sisseton.
Central Edmunds DBA Westwood Assisted Living
Category: (none)
FEM Electric makes loan to local group to construct an assisted living facility
City of Arlington
Category: (none)
Kingsbury Electric awards USDA funded loan to assist with improvements to Arlington's Main Street infrastructure
City of Bird Island, MN
Category: (none)
Renville-Sibley Electric awards USDA funded loan to assist with improving public infrastructure
City of Chamberlain
Category: (none)
Chamberlain upgrades Water Treatment Facilites with a USDA funded loan from Central Electric
City of DeSmet
Category: (none)
DeSmet is awarded a USDA funded loan through Kingsbury Electric to assist with constructing a community health clinic
City of DeSmet
Category: (none)
A USDA funded loan from Kingsbury Electric, and a loan from Kingsbury's REED fund assist with extending public infrastruction
City of DeSmet
Category: (none)
Kingsbury Electric awards loan to DeSmet ot assist with extending infrastructure to newly annexed development
City of DeSmet
Category: (none)
A loan from Kingsbury Electric assist with street and infrastructure improvements in DeSMet
City of Elkton
Category: (none)
A USDA funded loan from Kingsbury Electric assist with infrastructure improvements to Third Stree in DeSmet
City of Emery
Category: Central, Community, Cooperatives
The Little Learner’s Preschool and Daycare will be relocating this spring with the help of a Rural Economic Electric Development (REED) loan through Central Electric Cooperative. Central Electric was one of two lenders to the preschool and daycare center.The preschool and daycare are currently housed in property owned by the...
City of Estelline
Category: (none)
The City of Estelline receives a USDA Funded loan from H-D Electric to assist with Main Street infrastructure improvements]
City of Franklin, MN
Category: Renville-Sibley, Community, Cooperatives
The $200,000 0% loan from Renville-Sibley Cooperative loan enabled the city of Franklin, population 510, to complete a wastewater upgrade project by extending services to business and homes in the city.
City of Hurley
Category: (none)
The City of Hurley receives USDA Funded loan from Southeastern Electric to assist with extending new water lines in the community
City of Lake Andes
Category: Charles Mix, Community, Cooperatives
Charles Mix Electric facilitated obtaining a USDA 0% interest loan for the City of Lake Andes, population 879. The loan assisted with replacing the city’s water lines.
City of Lake Andes
Category: (none)
Charles Mix Electric awards USDA funded loan to Lake Andes to assist with water system improvements
City of Lake Norden
Category: H-D Electric, Community, Cooperatives
The City of Lake Norden used REED financing for water treatment plant expansion and improvements including installing a new gravity filter, modifications to electric and control systems and building modifications. The end result will be a more consistent flow of better quality water and overall productivity improvements in the community...
City of Letcher
Category: (none)
Central Electric awards USDA funded loan to Letcher to assist with constructing a fire hall and community center.
City of Luverne EDA, MN
Category: (none)
The Luverne EDA used a USDA funded loan from Sioux Valley Energy to build a facility for lease to industry
City of Platte, SD
Category: Charles Mix, Community, Cooperatives
The City of Platte, population 1,136, completely remodeled a 1960 community center and added a Library that effectively doubled the size of the facility. The remodeled center will also include a multi-purpose room, kitchen and dining room. Also housed in the facility will be an updated wellness center and City...
City of Tintah Fire Department
Category: Traverse Electric, Community, Cooperatives
The City of Tintah, MN (population 63) and the Tintah Fire Department have upgraded their equipment over the last few years to better serve are small towns and townships. By doing so, they outgrew their fire hall. A new fire hall was constructed using a combination of REED Financing and...
City of Tyler, MN
Category: (none)
The city of Tyler use a USDA funded loan from Lyon-Lincoln Electric to assist with expansion of its hospital and clinic.
City of Wheaton, MN
Category: (none)
A loan from Traverse Electric funded by USDA, help Wheaton extend streets and infrastruture to a new development
City of Woonsocket
Category: (none)
A loan from Central Electric helped the City of Woonsocket build a new faciliyt for VanDyke Supply
Clark Area Chamber of Commerce
Category: (none)
The Clark Chamber used a loan from Codington Clark to purchase a downtown store
Clear Lake Building Center
Category: H-D Electric, Business, Cooperatives
Clear Lake Building and Rental Center is going through some exciting changes in 2016. The previous owners operated the business for 43 years and the business has been in the community for 50 years. The company's new owners, Daron and Dustin Kreger, are brothers who have worked at the business...
Clear Lake Volunteer Fire Department
Category: (none)
The fire department received a USDA funded loan from H-D electric to help purchase a fire truck
Corsica Travel Plaza, LLC
Category: (none)
Douglas Electric's loan helped construct a convenience store in Corsica
Coteau Des Prairies Hospital
Category: (none)
The hospital received a USDA funded loan from Whetstone Valley Electric to assist with renovations and an addition to its facilty
Crosby Road Construction
Category: Agralite, Business
REED Fund Helps Crosby Road Construction Expand
APPLETON, MN, SD – Crosby Road Construction will be expanding once again this spring with the help of a Rural Economic Electric Development (REED) loan through Agralite Electric Cooperative. Agralite was one of two lenders to the business to purchase more land...
Dakota Ag Coop, Highmore Facility
Category: (none)
Dakota Ag Cooperative used a loan from Dakota Energy to expand its facility in Highmore
Dakota Butcher
Category: Codington Clark Electric, Business, Cooperatives
Dakota Butcher, LLC is a locally-owned family business since 2009, originally based in Clark, SD. They have recently expanded their operations with two additional locations in Watertown. Not only is Dakota Butcher, LLC a full service meat locker that offers custom processing on beef, pork, lamb, buffalo and wild game,...
Dakota Butcher Expands Your Dinner Choices
- Featured
Category: Agriculture, Codington Clark Electric, Business, Featured
Local shop enhances quality and increases supply with new smokehouse.
It’s amazing what can happen when a business is able to streamline all of its production under one roof. The work is more efficient, challenges that arise are resolved more quickly and it means a higher quality product...
Dakota Ethanol, LLC
Category: Sioux Valley Energy, Agriculture, Cooperatives
Dakota Ethanol is a 50 million gallon per year producer-owned, bio-refinery located in Wentworth , SD. REED financing assisted the company with purchase and installation of a Corn Oil Extraction system that will be used in conjunction with the ethanol production process.
Dakota Foundry, Inc.
Category: (none)
Dakota Foundry used a loan from Lake Region Electric to expand
Dakota Landing Estates
Category: (none)
A loan from Oahe Electric help bring public infrastructure to Dakota Landing
Dakota Style, Inc.
- Video
Category: Codington Clark Electric, Business, Cooperatives
Dakota Style began as a family business making kettle-style chips on a farm near Clark, SD (population 1,051) 29 years ago. It has grown into a national supplier of high quality salty snack foods with a product line featuring sunflower seeds (in shell and kernels) with innovative flavors, healthful options...
Dakota Style, Inc.
Category: (none)
A loan from Codington Clark helped purchase equipment for processing sunflower seeds
Dakota Style, Inc.
Category: (none)
Codington Clark's loan provided needed working capital for expansion
Dakota Style, Inc.
Category: (none)
Dakota Style use a loan from Codington Clark Electric to make faclity improvements
Dakota Turkey Growers, L.L.C.
Category: (none)
A loan from Dakota Energy helped Dakota Provisions complete its office facility
Dakota Turkey Growers/Dakota Provisions
Category: Dakota Energy, Agriculture, Cooperatives
Dakota Provisions is a state of the art food production facility that processes and markets fresh turkey and other protein related products located in Huron, SD population 12,592. The business is jointly owned by Hutterite Colonies in North and South Dakota that raise turkeys as part of their diversified farming...
DaMar Farmers Elevator
Category: (none)
DaMar farmers elevator used a loan from Lake Region Electric to install gas pumps, so Langford had access to fuel locally
Davis Family, LLC
Category: (none)
H-D Elecrric helped finance Davisco's expansion into chees projcessing
Davis Fire Department
Category: (none)
The Davis Fire Department used a loan from Southeastern Electric to purchase a newer fire truck
Delmont Fire District
Category: Douglas, Community, Cooperatives
The Delmont Fire District used a loan from Douglas Electric to help with the costs of a new fire hall. The previous fire hall was destroyed in a May 2015 tornado, and the hall was recently rebuilt and completed.
DeSmet Development Corporation
Category: (none)
Kingsbury Electric assisted the development corporation with a loan to improve the faciilty leased to Shinamerica
DeSmet Development Corporation
Category: (none)
The development corpration used a loan from Kingsbury Electric to renovate a building for lease to industry
Do-Mats
- Featured
Category: Agralite, Business, Cooperatives
REED member Agralite Electric Cooperative, is proud to be a part of the financing package to construct a new home for Do Mats Family Food. The grocery store has been a family business in Benson, Minnesota, population 3,240, for nearly 45 years. Do Mats’ CEO is Matthew Mattheisen, son of...
Double D Western, LLC
Category: (none)
Dakota Energy provided a loan to assist a new owner to purchase the store.
Eastside Carwash
Category: (none)
Whetstone Valley Electric made a loan to help Eastside Car Wash expand.
Elk Point Country Club
Category: (none)
A loan from Union County Electric helped the golf course install an irrigation system
Elkton Locker
Category: Cooperatives
Elkton Locker, Inc. has been a state inspected locker plant in Elkton, SD for over 30 years. The locker provides custom harvest and processing services for local producers as well as processing and manufacturing retail meat products. With REED financing the locker expanded and became a federally inspected facility that...
Eureka Hospital
Category: FEM Electric, Healthcare
Eureka Hospital Receives Loan from FEM Electric Association’s REED Fund The Eureka Hospital was recently awarded financing in August of 2018 when FEM Electric issued a Rural Electric Economic Development, or REED, loan and a USDA REDG loan to the Eureka Hospital for equipment to expand the services provided to members...
Farmers Union Coop Elevator, Highmore Facility
Category: (none)
The coopertive used a loan from Dakota Energy to expand its Highmore Facilities
Faulk County Jail
Category: FEM Electric, Community
FEM Electric Association, Inc. (FEM), an electric distribution cooperative in Faulk, Edmunds and McPherson Counties of South Dakota, assisted with financing the Faulk County Jail expansion located in Faulkton, SD. A new 35-bed Jail and Sheriff’s Office, meeting minimum American Correctional Association standards was constructed adjacent to the existing Faulk...
Faulkton Area Development Corporation, Inc.
Category: FEM Electric, Infrastructure, Cooperatives
Faulkton Area Economic Development Corporation (FAEDC) is establishing a new industrial park in this community of 740. Loan proceeds were combined with funding from the Governor’s Office of Economic Development, to purchase land and add infrastructure (water, sewer, roads and approaches) to the property and create 11 sites for sale/lease to...
Faulkton Development Corporation, Inc.
Category: (none)
A loan from FEM Electric helped construct the community center/gymnasium in Faulkton
First District Development Company
Category: (none)
East River helped First District expanding its lending capacity with USDA funded loans
First District Development Company Receives Loan from Codington-Clark Electric Cooperative’s REED Fund
Category: Codington Clark Electric, Business, Cooperatives
Watertown – First District Development Company (FDDC) received a loan from Codington-Clark Electric Cooperative’s loan fund, the REED Fund, to finance the construction of a new office building. FDDC is a private, non-profit organization that fosters growth in South Dakota by providing economic development financing options to small businesses...
Fisher Enterprises, Inc.
Category: (none)
A loan from Whetstone Valley helped a new owner purchase a gas/convenience store
Franklin Industries
Category: Renville-Sibley, Business, Cooperatives
The Cougar Cub Child Care and Franklin Community Center are opening their doors in Franklin, Minnesota with the help of a Rural Economic Electric Development (REED) loan through Renville-Sibley Cooperative Power Association. Renville-Sibley Cooperative was one of three lenders to the daycare and community center.
The project is the result...
Frederick Area School District
Category: (none)
The district used a loan from Northern Electric to finance computers for the classroom
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 loan...
Frederick Development Corporation
Category: (none)
Financing from Northern Electric was used to construct multi-family rental housing
Frederick Development Corporation Refueling Station
Category: Northern, Business, Community
Frederick Development Corp. receives $300,000 loan through Northern Electric Cooperative and the REED FundFREDERICK — The Frederick Development Corporation has constructed a unmanned refueling station in the northern Brown County community of Frederick thanks in part to loans from Northern Electric Cooperative’s Rural Electric Economic Development (REED) Fund, Northeast South...
Gavilon
Category: (none)
Financing from Central Electric helped with infrastructure development at the site of a new grain and agronomy facility
Geddes Development Corporation
Category: (none)
A loan from Charles Mix Electric helped a day care open in the community
Glacial Lakes Area Development, Inc.
Category: (none)
A USDA funded loan from Lake Region Electric assisted with expanding GLAD's loan fund
Granite Properties
Category: (none)
A loan from Kingsbury Electric helped construct a new manufacturing faciliiy in DeSmet
Grant County Development Corporation
Category: (none)
Whetstone Valley Electric issued a USDA funded loan to the development corporation to assist with infrastructre expansion in the industrial park
Grant-Deuel School District
Category: (none)
The School District used a USDA funded loan from Whetstone Valley Electric to add a distance learning classroom
Greater Huron Community Development Fund
Category: (none)
A loan from Dakota Energy helped expand the capacity of the Community Development Fund
Greater Huron Development Corporation
Category: (none)
Dakota Energy provided a USDA funded loan and a second loan to assist with construction of a building for lease to industry
GROW South Dakota
Category: East River, Multi-Family Housing, Cooperatives
East River Electric Power Cooperative’s Rural Electric Economic Development (REED) Fund has announced a $1 million loan to GROW South Dakota. The loan was officially closed Nov. 19 and will provide supplemental funding to the organization’s housing loan programs which provide affordable housing options to low-income families.
“East River...
Hand County Memorial Hospital
Category: (none)
Dakota Energy assisted with a loan to help with the hopsital renovation
Harold Grain Company
Category: (none)
The loan from Oahe Electric was used to re-open and expand a grain handling and agronomy facility
Hayti Improvement Corp
Category: (none)
Funding from H-D Electric was used to renovate a faciliiy for use by Northeast Education Cooperative
Heartland Grain Fuels
Category: (none)
Funding from Dakota Energy was used for equipment purchae at the Huron bio fuels plant
Hendricks Hospital
Category: Lyon-Lincoln, Healthcare, Cooperatives
Hendricks Community Hospital Association (HCHA), a non-profit corporation, is a critical access hospital that provides acute care, long-term care and congregate housing in Hendricks, MN, population 713. The facility also hosts outreach providers in the areas of audiology, cardiology, ENT, occupational therapy, oncology, orthopedics, podiatry, surgery, urology, and others. Lyon...
Horizon Health Care, Inc
Category: (none)
A loan from Kingsbury Electric and a USDA funded loan helped with construction of a new medical and dental facility in DeSMet
Horizon Health Care, Inc
Category: (none)
A loan from Central Electric and a USDA funded loan helped with construction of a medical clinic in Woonsocket
Horizon Health Care/Woonsocket
Category: Central, Healthcare, Cooperatives
The new Horizon Health Care, Inc. (Horizon) medical clinic in Woonsocket has benefitted from a pair of low-interest loans through Central Electric Cooperative and the Rural Electric Economic Development (REED) Fund. Central Electric, a local Touchstone Energy® Cooperative, used the Rural Economic Development Loan and Grant (REDLG) program to secure...
Horseshoe Junction, Inc.
Category: (none)
A loan from Northrn Electric helped new owners purchae a bed ad breakfast
Horzontal Machining and Manufacturing, Inc.
Category: (none)
A loan from Dakota Energy helped financing expansion
Huron Regional Medical Center
Category: Dakota Energy, Healthcare
Dakota Energy Cooperative, an electric distribution cooperative in Beadle, Hand and Hyde Counties of South Dakota, assisted with financing the Huron Regional Medical Center in Huron, SD (HRMC). HRMC used the funds to replace its IT core infrastructure components of older servers and storage with new systems. The new systems...
Huron School District
Category: (none)
A USDA funded loan from Dakota Energy helped finance new classoroms at Madison Elementary
Ipswich Community Development Corporation
Category: (none)
A loan from FEM Electric helped purchase equipment for a communith fitness center
Ipswich Community Development Corporation
Category: (none)
A loan from FEM Electric helped purchase a buiilding for lease
Ipswich Volunteer Fire Department, Inc
Category: (none)
A loan from FEM electric helped to purchase a fire truck
James Valley Christian School
Category: (none)
A loan from Dakota Energy helped with reconstruction after a deveasting flood
K&M Hunting
Category: (none)
K & M Hunting offers a South Dakota pheasant hunting experience with a relaxed, friendly, and family environment. They provide prime hunting habitat, lodging accommodations and entertainment, and home-cooked meals. After a tornado destroyed the original building, a REED loan helped to finance a new lodge and commercial kitchen. K...
KG Travel Plaza, Inc.
Category: (none)
A loan from Oahe Electric helped local owners purchase and renovate a convenience store/gas station
KHC, Incorporated
Category: (none)
A loan from H-D Electric helped a local construction company expand to South Dakota
Kieffer Repair & Sales
Category: Central, Business
Kieffer Repair & Sales Receives Funding WHITE LAKE, SD, October 1, 2020 – Kieffer Repair & Sales has a new building for their diesel repair and body shop business with the help of a Rural Economic Electric Development (REED) loan through Central Electric Cooperative. Kieffer Repair & Sales, owned by Todd...
Knight & Carver Composites Group, LLC
Category: (none)
A loan from Central Electric helped launch a wind blade manufacturing business
Kroeplin Ag Center, Inc.
Category: (none)
Oahe Electric, Purchase of convenience store, add ag products and servcice
Lake Area Improvement Corp
- Video
Category: Sioux Valley Energy, Business, Cooperatives
Financing was used to construct the Heartland Technology Center in the Hueners Technology Park, Madison SD population 6,474. The Center has office space designed to meet the needs of business needing a high-tech setting and near nationally recognized Dakota State University to provide immediate access to some of the best...
Lake Area Improvement Corp
Category: (none)
Sioux Valley Energy, Purchase of a facility for lease to manufacturing firm(s)
Lake Benton American Legion-Henry Sollie Post #10
Category: (none)
Lyon Lincoln Electric, Construction of a new restaurant facility
Lake Country Sports, Inc.
Category: (none)
Lake Regiona Electric, Construction of a convenience store
Lake Region Golf Club
Category: H-D Electric, Community, Cooperatives
Lake Region Golf Club is a public golf course near Lake Poinsett that has received REED financing three times. The first loan helped finance the construction of a new clubhouse and renovation of storage facilities (1997). The second loan was used to expand the course from 9-holes, built in the...
Lake Region Golf Club
Category: Lake Region
Lake Region Golf Club Receives Loan from H-D Electric Cooperative’s REED Fund
H-D Electric Cooperative recently issued a Rural Electric Economic Development (REED) loan to Lake Region Golf Club to help cover extra expenses for repairs and working capital after flooding during the 2019 golf season. ...
Laura Ingalls Wilder Memorial Society, Inc.
Category: (none)
Kingsbury Electric, Construction of a facility to house artifacts
Lesterville Fire and Rescue
Category: Community, Bon Homme
Lesterville Fire and Rescue received loan from Bon Homme Yankton Electric’s REED Fund Lesterville Fire and Rescue was recently awarded financing when Bon Homme Yankton Electric issued a Rural Electric Economic Development, or REED, loan to Lesterville Fire and Rescue for a building addition and purchase of air packs for the...
Little Bend Bait Shop
Category: (none)
Oahe Electric, Addition to a bait shop serving Missouri River fishing
Little Motel on the Prairie
Category: Kingsbury, Community, Business
“It’s salt of the earth people that come to visit De Smet. They can’t believe how it keeps its prairie ambiance,” says Cheney. “They think of it as a different world but people still come into town and can feel that friendliness as they walk up and down the street.”In...
Lyon County Farm Services Joint Venture
Category: (none)
Lyon Lincoln Electric, Construction of an agronomy facility
Madison Central School District 39-2
Category: (none)
Sioux Valley Energy, ,Construction of two classrooms at k-8 public school
Madison Farmers Elevator Co.
Category: (none)
Sioux Valley Energy, Construction of office facility in Ramona, SD
Madison Regional Health System
Category: Sioux Valley Energy, Healthcare
Loan Funds Help Madison Regional Health System Purchase Radiology Equipment
Colman, SD - Sioux Valley Energy received funding from the United States Department of Agriculture Rural Economic Development Loan and Grant Program to provide a zero percent interest loan of $300,000 to the Madison Regional Health System. Sioux Valley...
Marshall County Healthcare Center
Category: (none)
Lake Region Electric, Adding assisted living units adjacent to local hospital
Medgene Labs
Category: Sioux Valley Energy, Business
Sioux Valley Energy’s REED fund loans money to Medgene LabsColman, S.D. – Sioux Valley Energy provided a loan to Medgene Labs through its Rural Electric Economic Development (REED) loan fund to finance facility and equipment. Based in Brookings, South Dakota, Medgene Labs is an Immunological Services ProviderTM to leading livestock integrators. ...
Milbank Motel
Category: Whetstone Valley, Tourism
Milbank Motel Receives REED Fund Loan
The Milbank Motel was recently awarded financing on 6/30/2020 when Whetstone Valley Electric issued a Rural Electric Economic Development, or REED, loan to the new owners to purchase and upgrade the facility in Milbank, SD.
Rodney and Shirley Parent were...
Miss Becky's
Category: Renville-Sibley, Business, Cooperatives
A loan from the REED funds assisted the owner of the Smokey Hollow restaurant in Farifax, MN (population 1,235) to purchase a facility in Fairfax to expand her catering business and hold larger events. Longer range plans include food processing for resale at the same location.
MNY Group/Life Floor
Category: Sioux Valley Energy, Business, Cooperatives
Life Floor expands production
Aquatic tile manufacturer increases output, creates jobs at Madison plant
MADISON, S.D. - When you think of South Dakota, you may not immediately think of swimming pools.
But for the manufacturer of a slip-resistant tile installed largely around pools, South Dakota...
Morningside Manor
Category: (none)
Souitheastern Electric Cooperative made a USDA funded loan to assist with expansion and renovation of a nursing care center
Mount Vernon Economic Development Group
Category: Central, Community
Mount Vernon Economic Development Group Receives Funding for HousingMOUNT VERNON, SD, February 10, 2020 – The Mount Vernon Economic Development Group (MVEDG) has constructed another two houses for income-qualified families in the town of Mount Vernon with the help of a Rural Economic Electric Development (REED) loan through Central Electric...
MTCM, Inc. dba The Corner
Category: (none)
Oane Electric, expansion and equipment for a convenience store
NCFE Ipswich Headquarters
Category: FEM Electric, Agriculture, Cooperatives
FEM Electric assisted North Central Farmer’s Elevator to construct a new office facility in Ipswich. The cooperative has grown from 7 locations to 17 locations and the new office will provide administrative office space necessary to keep pace with the growing cooperative.
New Owner Continues Success of Tulare Country Meats
- Featured
Category: Agriculture, FEM Electric, Featured
Nathan Genzler got an early start in his career. As a child, he would visit Tulare Country Meats, the butcher shop where his dad worked, after school. When he was about 8 years old, he was told that if he was going to be there, they were going to put...
North Central Farmers Elevator, Craven
Category: (none)
FEM, assist with expansion of a grain handling and storage
North Central Farmers Elevator, Ipswich Headquarters
Category: (none)
FEM, assist with construction of a new office faciity
Northeast South Dakota Community Action Program,
Category: (none)
East River provided USDA funded loans to assist with recapitalization of a loan fund
Northeast South Dakota Economic Corporation
Category: (none)
Whetstone Valley assisted with renovation of a new office buiilding
Northeast South Dakota Economic Corporation, Facility
Category: (none)
Whetstone Valley and other cooperatives made a USDA funded loan to assist with purchae of a new office building.
Northern Geo, LLC
Category: Agralite, Business, Cooperatives
Northern Geo was awarded financing when Agralite Electric issued a Rural Electric Economic Development, or REED, loan to Northern Geo for expansion of their heatpump manufacturing plant located in Appleton, MN.
Working closely with local banks, other loan funds, state and federal agencies to finance community and economic development...
Northern Plains Lumber
Category: Southeastern, Business
REED Fund Helps Lumber Company Thrive in Rural South Dakota
As experienced lumber industry professionals, Tim Doyle and Carl Serck saw an opportunity to invest in a local lumberyard, both as a business venture and a chance to save a community. But they knew they needed assistance.
“The...
Northern Star Subways, Inc.
Category: Codington Clark Electric, Business, Cooperatives
REED financing assisted with remodeling existing Subway restaurants in Milbank, population 3,353, and Watertown, population 21,482. Upgraded equipment and new décor packages added to the customer friendly atmosphere in the restaurants. The firm also added two additional locations in Watertown.
Northern Star Subways, Inc.
Category: (none)
Codington Clark, assist with financing a francise expansion
Northside Properties, LLC
Category: Business, Lake Region
Northside Properties LLC Receives Loan from Lake Region Electric’s REED Fund
Northside Properties LLC was recently awarded financing when Lake Region Electric issued a Rural Electric Economic Development, or REED, loan to Northside Properties LLC for a building for retail businesses in Roslyn, SD.
Working closely...
Oahe Trail Development, Inc.
Category: (none)
Oane Electric, assist with infrastructure extension to housing development
On Hand Development Corporation
Category: (none)
Dakota Energy, assist with conversion of a school into a community center
Opera House Group
Category: Central, Community, Cooperatives
Once slated for demolition, the 1905 Opera House now stands proudly on the corner of Dakota and First Street in Wessington Springs, population 974. Financing was used for heating and cooling systems to permit year round use of the facility. The opera house is the only stage in town and...
Opera House Group
Category: (none)
Central Electric, assist with renovations in historic opera house
Our Home, Inc.
Category: Dakota Energy, Community, Cooperatives
Our Home is a non-profit organization that provides housing and educational services to at-risk youth. The $100,000 loan was used to aid in construction of a new dormitory at the facility near Huron, SD, population 12,592.
Our Home, Inc.
Category: (none)
Dakota Energy, USDA funded loan to support expansion of a residential facility for at risk youth
Peanotz, Inc
Category: (none)
Codington Clark Electric, financed equipment for snack food manufacturer
PEDCO
Category: Pierre, Cooperatives
The REED Fund assisted the Pierre Economic Development Corporation with financing infrastructure and the construction of a 29,000 square foot building to relocate Eagle Creek Software Services to Pierre. This business currently employs approximately 60 people and expects to eventually bring 175-200 jobs to the community.
Pickerel Lake Lodge
Category: (none)
Lake Region Electric, loan to add motel facilities to a lakeside resort
Pierre Economic Development Corporation
Category: (none)
Oahe Electric, financed construction of an office facility for lease
Pioneer Memorial Hospital & Health Services
Category: (none)
Southeastern Eleectric, USDA funded loan to assist with adding memory care faciities to a local hospital
Plagman's Grocery
Category: Kingsbury, Business, Cooperatives
Plagman’s Food Center and Hardware are separate storefronts in a single building. Both business were in aging buildings on the town’s Main Street and were relocated to a new facility on the intersection of US Highways 81 and 14 in Arlington, SD (population 915) for better visibility. The new building...
Prairie Heart Guest House, Inc.
- Video
Category: Southeastern, Healthcare, Cooperatives
The GuestHouse is a 20 unit motel-like structure connected to the Heart Hospital of South Dakota. The purpose of the non-profit project is to offer reasonably priced, to free, accommodations to patients and families of patients of the hospital and adjacent North Central Heart Clinic. The facility features comfortable common...
Prairie Heart Guest House, Inc.;
Category: (none)
Southeastern Electric, loan for expansion of a motel-like facility at the Heart Hopsital of South Dakota
Prairie Properties, LLC (2018)
Category: H-D Electric, Multi-Family Housing
Prairie Properties, LLC Receives Loan from H-D Electric Cooperative’s REED Fund
H-D Electric Cooperative recently issued a Rural Electric Economic Development (REED) loan to Prairie Properties, LLC for the construction of an eight-plex apartment building in Lake Norden, SD.
H-D Electric Cooperative utilizes the...
Prairie Properties, LLC (2019)
Category: H-D Electric, Multi-Family Housing
Prairie Properties, LLC Receives Loan from H-D Electric Cooperative’s REED Fund
H-D Electric Cooperative recently issued a Rural Electric Economic Development (REED) loan to Prairie Properties, LLC for the construction of a ten-plex apartment building in Lake Norden, SD.
H-D Electric Cooperative utilizes the REED Fund to partner...
Purity Seeds, LLC
Category: Codington Clark Electric, Agriculture, Cooperatives
Purity Seeds, LLC, a family business located near Raymond, SD (population 69), is growing and packaging whole flaxseed for human consumption. They offer high quality, clean, whole golden omega flax seed, fresh cold milled flax, and crafted flax. Purity Seeds has also developed several ready to make mixes using flax...
Regency Midwest Ventures, LP
Category: (none)
Oahe Electric, loan to construct hotel and convention facility
Richmond Lake Sanitary District
Category: (none)
Northern Electric, USDA funded loan to construct wastewater treatment system
Riverfront Broadcasting
Category: Central, Business, Cooperatives
MITCHELL, SD, January 25, 2016 - Mitchell, S.D. – Central Electric Cooperative’s Rural Electric Economic Development (REED) Fund will help to spur economic development over the airwaves thanks to a recent economic development loan. The REED Fund recently closed a loan to Riverfront Broadcasting, LLC which has purchased two radio...
Rock County Opportunities
Category: Sioux Valley Energy, Community, Cooperatives
Rock County Opportunities (RCO) received financing from Sioux Valley Energy to assist with constructing an addition to its facility in Luverne, MN. The addition will provide additional space for work opportunities for people with disabilities and related conditions. RCO provides training and job coaching to its clients and contracts with...
Rocky Ridge Hunting, Inc.
Category: Oahe, Business, Tourism, Cooperatives
Rocky Ridge Hunting, Inc. used financing to construct a new sporting clay course and a steakhouse located one mile off of Highway 14 near Harrold, SD. During the off-season, Rocky Ridge facilities can be used for family reunions, corporate retreats and meetings.
Ron's Equipment Painting
Category: Whetstone Valley, Business, Manufacturing, Manufacturing, Cooperatives
Ron’s Equipment Painting, based in Milbank SD population 3,536, constructed a larger facility to accommodate business expansion using REED financing. The company paints heavy equipment manufactured in Watertown, SD and also paints farm and other equipment. In addition to new paint booths and expanded work facilities, the business has a...
Rosewood Barn
Category: (none)
Central Electric, financing to assist with renovation of a barn into a hunting lodge
Rosholt Housing and Redevelopment Authority
Category: Traverse Electric, Multi-Family Housing, Cooperatives
Rosholt Housing and Redevelopment Commission has a successful 17-year track record in building and managing housing in the town of 427. It owns 10 units, two 4-plexes and a duplex, to meet a growing need for housing. An additional 4-plex was recently completed with all units spoken for. Traverse Electric’s REED...
Rosholt School District
Category: Traverse Electric, Community, Cooperatives
The School District, located in Rosholt SD, population 423, has accessed financing from Traverse Electric three times, all through the USDA REDL&G program. The first loan helped to construct classrooms for grades 9-12, a library and computer laboratory connected to the existing K-8 school building. The library and lab are...
Rosholt School District
Category: (none)
Traverse Electric, a USDA funded loan to assist with an addition to a K-12 School
Rosholt School District
Category: (none)
Traverse Electric, a USDA funddd loan to assist with upgrades to a K-12 School
Roy Lake Resort
Category: (none)
Lake Region Electric, financing ot expand and improve cabins near a state park
RS Fiber Cooperative
Category: Renville-Sibley, Community, Cooperatives
Renville-Sibley recently closed a $1.5 million loan from the REED Fund to RS Fiber Cooperative of Gaylord, Minn. RS Fiber is a newly-formed cooperative created through a community-driven effort to bring a high-speed fiber-optic connection to everyone in the project area and provide low-cost, reliable high-speed internet, crystal clear video...
Rutland School
Category: (none)
Sioux Valley Energy, financing help with adding a distance learning classroom
Sanborn County Development Corporation
Category: (none)
Central Electric, a loan to assist with renovation and expansion of a nursing care center
Schmidt's Landing
Category: (none)
A loan from Whetstone Valley helped with expanding camping hookups
Schultz Brothers Dairy
Category: (none)
Southeastern Electric, a loan to assist with expansion of a dairy
SDSU Growth Partnership: Fueling Economic Development
- Featured
Category: Sioux Valley Energy, Business, Featured
Universities are unique environments. They serve as fertile ground to test innovative ideas. They cultivate creativity and talent. With the right resources and collaborations, academia can provide fuel for economic growth.
Community, business and university leaders in Brookings, South Dakota formed a collaboration in 2004 to help harness...
Shady Beach
Category: (none)
Whetstone Valley Electric, financing to assist with purchase of a lakeside supper club
Shady Beach 2
Category: (none)
Whetstone Valley Electric, financing ot assist with pruchase of a supper club
Shinamerica, Inc.
Category: (none)
Kingsbury Electric, financing to assist a local industry with purchasing equipment
Shortfoot Calf Ranch
Category: (none)
Lake Region Electric, financing to assist a calf-raising operation to expand
Silver Plains Assisted Living, LLC
Category: (none)
Kingsbury Electric, a loan to assist with construction of an assisted living facility
Sodak Shores
Category: (none)
Whetstone Valley Electric, loan to assist with construction of a a restaurant
South Dakota Pulse Processors, LLC
Category: Oahe, Agriculture, Cooperatives
Oahe Electric’s loan fund, the REED Fund, has issued loans to Pierre Economic Development Corporation (PEDCO) and South Dakota Pulse Processors, LLC (SDPP) to construct a building and purchase equipment to operate a pulse processing plant in Harrold, SD. The REED Fund partnered with the State of South Dakota to...
South Dakota Wheat Growers Association
Category: (none)
Dakota Energy, financing to assist with construction of a grain handling facility
South Dakota Wind Partners, LLC
Category: (none)
Central Electric, interim financing for working capital to construct a producer owned wind farm
South Eastern Development Foundation
Category: (none)
East River, USDA funded loans assisted with increasing lending capacity
South Eastern Development Foundation
Category: East River, Community
SEDF was created to stimulate economic development through the creation of a regional revolving loan (RLF) fund for residents of Clay, Lincoln, McCook, Minnehaha, Turner and Union counties. The RLF serves as a lending partner with banks and other financial institutions in the region. SEDF’s typical loans range from $20,000...
Southridge Feedyard, LLP
Category: (none)
Sioux Valley Energy, loan to construct large scale cattle feeding unit
Southwest Regional Development Commission
Category: (none)
Lyon Lincoln Electric, a USDA funded loan assisted with capitalizing a Property Assessed Clean Energy loan fund
Stickney Community Development Company, Inc.
Category: (none)
Central Electric, loan to construct facility for welding shop
Sundial Manor
Category: Lake Region, Healthcare, Cooperatives
Sun Dial Manor, Inc. Receives Loan from Lake Region Electric’s REED Fund
Sun Dial Manor, Inc. was recently given a helpful hand when Lake Region Electric Cooperative, Inc. issued a Rural Electric Economic Development, or REED, loan. The funds will be used to purchase and install a new generator...
Sunset Adventures, Inc
Category: Kingsbury, Business, Cooperatives
REED financing assisted construction of a 37-unit motel, including meeting rooms, indoor pool and exercise facilities. It provides accommodations in DeSmet SD, population 1,129, the town that claims Laura Ingalls Wilder as its favorite daughter.
Sunset Manor/Sunset Villas
Category: Southeastern, Healthcare, Cooperatives
Sunset Manor received a 0% loan from Southeastern Electric using USDA’s REDL&G program to assist with construction of an assisted living facility and medical clinic in Irene, SD, population 420. The facility has eight (one and two bedroom) apartments and a common dining room. The Manor operates the facility. The...
Swenson Brothers Storage
Category: (none)
A loan from Centeral Electric assisted with constructing storage units
The Infrastructure to Attract Industry
- Featured
Category: FEM Electric, Business
Industrial parks are a valuable recruitment tool. But acquiring a large property and establishing the requisite infrastructure to attract companies is a major undertaking, particularly for a rural area. The people of Faulkton, South Dakota have long prioritized economic development.According to Trevor Cramer, economic development director for the Faulkton Area...
Town of Ward
Category: Sioux Valley Energy, Community, Cooperatives
The Town of Ward Receives $25,000 Loan from Sioux Valley Energy’s REED FundThe Town of Ward was recently given a helpful hand on August 21, 2013 when Sioux Valley Energy issued a Rural Electric Economic Development, or REED, loan to The Town of Ward. The funds will be used to...
Tracy Economic Development Authority
Category: (none)
Lyon-Lincoln Electric, loan to help finace a facilty for lease to a dentist
Trav's Outfitter
Category: Codington Clark Electric, Business
Trav’s Outfitters Receives Loan from Codington-Clark Electric Cooperative’s REED Fund
Watertown – Trav’s Outfitters, a locally-owned family business started in 2003, has recently expanded their operations to a new 28,000 square foot building on the NE side of Watertown on Highway 212. The REED Fund partnered with a local...
Truss-Pro's
Category: Lake Region, Business, Manufacturing, Cooperatives
In business since 1978, Truss Pro’s, a wholesale manufacturer of roof and floor trusses for sale to lumber yard dealers in a five-state area, has grown from a small three person shop into a major rural success story in Britton, SD, population 1,241. REED financing assisted with expansion including a...
Tuffy's Tots Daycare and Learning Center
Category: (none)
Southeastern, loan to construct a child care center
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 time...
Tyler Community Golf Club
Category: Lyon-Lincoln, Community, Cooperatives
The Tyler Community Golf Club is an 18-hole golf course and community/club house facility near Tyler, MN, population 1,143. REED financing was used to construct an addition to the meeting area to allow seating for up to 300 people. The facility will be used for public meetings, special events and...
Tyler Healthcare Center/Lake Benton Clinic
Category: Lyon-Lincoln, Healthcare, Cooperatives
Lake Region Electric’s loan to Tyler Health Care will help make needed physical improvements to the Lake Benton Minnesota Clinic and enable them to obtain Provider-Based Rural Health Clinic designation from the US Department of Health and Human Services. After renovations the clinic will operate 32-40 hours per week, an...
Tyler Hospital
Category: (none)
Lyon Lincoln Electric, USDA funded loan for renovation of a hospital
Union County Historical Society (UCHS)
Category: Union County Electric, Community, Cooperatives
The Historical Society, a volunteer organization in Elk Point, SD, population 1,963, received financing from Union County Electric Cooperative using the USDA REDL&G program, to purchase a 6.7 acre site with a house, two barns and an historic brick kiln for use as a museum, interpretive center and visitor’s center...
Valley Ag Supply, Inc
Category: Clay Union, Agriculture, Cooperatives
Valley Ag Supply, Inc. sells fertilizer, seed, chemicals and other ag related supplies from its Gayville, SD (population 407) business. REED financing helped the business expand into custom spraying.
Vermillion Area Chamber & Development Company
Category: Clay Union, Community
Vermillion Area Chamber & Development Company Receives Loan from Clay Union Electric’s REED Fund The Vermillion Area Chamber & Development Company was awarded financing in December of 2019 when Clay Union Electric issued a Rural Electric Economic Development, or REED, loan to finance a state of the are storage facility which...
Vos/Pluto Legal
Category: Lyon-Lincoln, Business, Cooperatives
A REED loan assisted Pluto Legal’s move from a home base into an office facility. The company specializes in Estate Planning, Elder Law Planning, Wills, POS, HCD and Probate.
Wakonda Heritage Manor
Category: Clay Union, Healthcare, Cooperatives
Located in Wakonda, SD, population 321, Heritage Manor used REED financing make renovations to the entry and resident lounge areas, giving families added space to meet with loved ones and accommodate residents with assistant devices. Also included in the renovations were additional administrative office space and a networked computer system.
Wakonda Heritage Manor
Category: (none)
Clay Union Elecric, financing to renovate a nursing care center
Watertown Development Company
Category: Codington Clark Electric, Business, Cooperatives
The Watertown Development Company was the recipient of a zero-interest $300,000 loan awarded by Codington Clark Electric to apply towards the spec building that has been constructed at Pheasant Ridge Industrial Park. The WDC Board was presented with the check during their regular board meeting held on Wednesday.
This...
Webster Area Development Corporation
Category: (none)
Lake Region Electric, financing to make improvements to an industrial facility for lease
Webster Home Center
Category: Lake Region, Business, Cooperatives
The Webster Lumber & Home Center opened in August, 2008. This business is a full scale lumber and home building supplies business for Webster and the surrounding area. The REED Fund assisted with financing the construction of the building and purchasing inventory and fixtures to bring this needed business to...
Werkmeister Welding, LLC
Category: Douglas, Business, Cooperatives
Werkmeister Welding is a family owned business in its third generation of family leadership located near Armour, SD population 699. It was founded in 1982 and is a leading manufacturer of high quality cattle feeding equipment. REED financing assisted in the construction of a new building. The company also purchased...
Weskota Manor, Inc.
Category: (none)
Central Electric, loan to assit with an addition to a nursing care center
West-Con Expansion Builds Capacity, Resiliency
- Featured
Category: Agriculture, Agralite, Featured
It’s estimated that independent businesses return an average of three times more money to their communities than their competitor chains. The REED Fund has long been investing in local companies to help build businesses —and ultimately more resilient local economies.
Some of REED’s loans support projects that add...
Western Consolidated Cooperative
Category: Whetstone Valley, Agriculture, Cooperatives
Western Consolidated Cooperative used a REED loan to aid in the construction of a 1.1 million bushel grain terminal near Twin Brooks SD, population 69. In addition to the enclosed storage there is a 2.2 million bushel piling system connected to the main terminal. There is also a 10,000 bu/hr...
Western Consolidated Cooperative (West-Con)
Category: Agralite, Agriculture, Cooperatives
Western Consolidated Cooperative (West-Con) of Appleton, MN was the recipient of a loan to expand its grain storage facility courtesy of an Agralite Electric Cooperative REED Fund loan. West-Con’s expansion is phase 2 of a multi-year project that added over 2.75 million bushels of storage and expanded its rail loading...
Whetstone Creek Golf Course
Category: Whetstone Valley, Business
Whetstone Creek Golf Course Receives REED Fund Loan
The Whetstone Creek Golf Course was recently awarded financing on 7/29/2020 when Whetstone Valley Electric issued a Rural Electric Economic Development, or REED, loan to the golf course to install an irrigation system and make other improvements to the...
Yankton Fire Protection District
Category: (none)
Bon Homme-Yankton Electric, loan to construct a fire hall
Yankton Rural Fire District
Category: Bon Homme, Community, Cooperatives
The Yankton Rural Fire Association is a membership organization that owns and operates fire protection equipment. It is staffed by the City of Yankton Fire Department to serve rural and residential residents outside the city of Yankton, SD. The fire association obtained a loan to construct an addition to the...
Yankton Rural Fire Protection District
Category: (none)
Bon Homme-Yankton Electric, loan to construct a fire hall