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News Articles
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...
Madelia Health Successfully Opened Its St. James Location With the Help of a REED Fund Loan
Oct 29 2024Madelia Health, a 2024 Star Tribune top workplace award winner, is an essential medical service provider in South Central Minnesota with four locations that support residents in Watonwan County and beyond. Its newest location in St. James opened last year with support from a $500,000 REED Fund loan. “The facility...
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,...
Twenty-five years ago, the residents and business owners of Corsica, South Dakota, worked together to build a business park. The goal was to support economic development by attracting companies to the region, providing jobs, and increasing tax collection.Today, there is only one available lot left in the existing business park...
The Rural Electric Economic Development (REED) Fund, working with Douglas Electric Cooperative, recently approved a $230,000 loan to the Delmont Rural Fire Protection District to buy a new pumper truck. This truck will support 16 volunteer firefighters in the town of Delmont, South Dakota, who protect 900 residents across 190...