Business & Industry
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Business & Industry
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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...
Life Floor, which creates safe surfaces for aquatic facilities, recently upgraded its equipment in Madison, South Dakota, with a $135,000 loan from the Rural Electric Economic Development (REED) Fund. The upgrades reflect Life Floor's continued growth, which has changed the face of aquatic recreation since its founding in 2011. “Our...
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...
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...
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...
Olivia Ambulance Service Uses REED Loan to Build a New Facility to Accommodate Growing Needs
Mar 17 2025Olivia 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...
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...
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...
Beseda Hall, Inc. in Tabor, South Dakota, Gets a New Roof System Through a REED Fund Loan
Nov 8 2024Beseda 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...
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,...