Beadle & Spink Enterprise Community, Inc. (BASEC) recently received a helping hand from Northern Electric Cooperative when a Rural Electric Economic Development, or REED, loan was issued to BASEC on September 1, 2016. Read complete relase above.
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The Delmont Fire District members recently received a check for $250,000 presented by Douglas Electric Cooperative. The check represents a $250,000 no-interest loan that passed through the cooperative from the Rural Electric Economic Development, or REED fund. Read the complete release above.
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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 stations: one in Mitchell and the other in Pierre. Read complete release above.
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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. The loan to the Madison Regional Health System was used to purchase radiology equipment for their new facility. Read the complete release above.
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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 $115,000 to the Jasper Rural Fire Department. The loan was used to purchase a new truck. Read the complete release above.
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MISSION: To provide financing and leverage investment to make a difference in the region.
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Ryan Taylor, new owner of Marshall Lawn Irrigation, Inc. was recently given a helpful hand on 3/31/2014 when Oahe Electric Cooperative, Inc. issued a Rural Electric Economic Development, or REED, loan. The funds will be used to purchase the Marshall Lawn Irrigation business to continue to provide lawn irrigation services in the Pierre area. Read the complete release above.
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Southwest Regional Development Commission was recently given a helpful hand on February 27, 2014 when Lyon-Lincoln Electric Cooperative issued a $150,000 Rural Electric Economic Development, or REED, loan to Southwest Regional Development Commission. Read complete release above.
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Last month in my column, I mentioned a solar array project that will be built in Brandon this spring. This is being constructed as a demonstration for the Sioux Valley Energy membership. Many of our members look for ways to offset their electric use with distributed generation from small renewable sources. They look to us for advice and guidance when it comes to selecting the...
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WOONSOCKET — 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 financing for the project through the U.S. Department of Agriculture. Read complete release...
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FREDERICK — 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 through Grow South Dakota to build the units because of a severe housing...
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Sun Dial Manor, Inc. was recently given a helpful hand on 7/9/2014 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 to assure the safety of the residents during a power outage. Read the complete release above.
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WEBSTER (BRITTON?)—Glacial Lakes Area Development (GLAD) has been awarded a $300,000 loan from Lake Region Electric Cooperative to support local business development and expansion in the Day and Marshall County area. The funds were accessed through the USDA Rural Economic Development Grant and Loan Program. Read the complete release above.
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SISSETON — 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. Read complete release above.
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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 Agralite Electric to acquire and develop the strategic propane terminal in Benson. Read complete release above.
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Hand County Memorial Hospital was recently given a helpful hand on November 19, 2013 when Dakota Energy’s issued a Rural Electric Economic Development, or REED, loan to Hand County Memorial Hospital. Read complete release above.
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Sioux Valley Energy received funding from the USDA REDG program to provide a zero percent interest loan of $300,000 in addition to a $150,000 Rural Electric Economic Development (REED) loan for the Lake Area Improvement Corporation (LAIC). The loans assisted with financing the construction of a spec building in the Lakeview Industrial Park in Madison, SD. Read the complete release above.
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