Rural Electric Economic Development, Inc. (REED) Fund provides business and community project financing in partnership with commercial and other economic development lenders to leverage private investment and make a difference in the region it serves.
Established in 1996 and governed by East River Electric Cooperative and its member electric distribution cooperatives, REED assists projects that promote growth and contribute to job, business and wealth creation, as well as improve the infrastructure, community facilities/services and economic base of rural areas.
REED makes loans to for-profit businesses, not-for-profit organizations and local governments. Projects include, but are not limited to:
- Small and medium sized business and cooperatives engaged in manufacturing, retail, service and tourism industries
- Community projects relating to water/wastewater, healthcare, education, telecommunications, public safety, recreation and the arts
- Producer owned business and cooperatives that add value to agriculture
- Multi-family rental housing with strong community support
- Efficient use of energy is encouraged for all projects and is also an eligible activity
- Applicants do not need to be a member/consumer of a rural electric cooperative to apply
REED demonstrates the cooperative principles of commitment to community and cooperative among cooperatives in a meaningful way that adds value to the region.
Rural Electric Economic Development | 211 S Harth | Madison, SD | (605) 256-4536
Reed is an equal opportunity provider, employer and lender. To file a complaint of discrimination, write:
USDA, Director, Office of Civil Rights, 1400 Independence Avenue, S.W.,
Washington, D.C. 20250-9410 or call (800) 794-3272 (voice) or (202) 720-5964 (TDD).