Since 1996, Rural Electric Economic Development, Inc (REED), a collaborative effort of 21 consumer-owned electric cooperatives, has actively supported both community development and economic growth in eastern South Dakota and western Minnesota. REED’s mission is to provide financing and leverage investment into communities and rural areas to make a difference in the region. To achieve its mission REED provides financing to stimulate economic growth through...
The REED Fund is a non-profit corporation offering financing for business, agri-business, infrastructure, and community development projects that benefit rural areas.
The REED Fund has provided financing to leverage private investment, stimulate growth and contribute to quality of life in rural areas since 1996. This year’s REED Fund annual report showcases examples of several successful projects we have assisted in the region along with the Fund’s impact in terms of investment, employment and leverage.
Loans that enhance community services and quality of life necessary for sustainable development, such as healthcare, infrastructure, fire protection, education, arts and recreation, generally made to non-profit or public entities.
Organized in 1996, the Rural Electric Economic Development, Inc. (REED) Fund is a private non-profit corporation governed by 17 Electric Cooperatives serving eastern South Dakota and western Minnesota. Its primary mission is to provide financing and help leverage private investment in small communities and rural areas needed to keep the rural economy viable and improve quality of life in the region. To accomplish its mission...
Since 1996, the 16 electric cooperative partners that comprise the REED Fund have partnered with 51 financial institutions, 14 development corporations or revolving loan funds and 15 state and federal programs to finance projects. Through the REED Fund, these cooperatives have shown their commitment to rural development by investing over $13.5 million in loans to 82 projects. REED’s lending partners provided an additional $60.8 million...
