Category: Local Incentives, Grants & Loans
The REED Fund is a non-profit tax-exempt 501(c)(3) corporation, formed through the collaboration of rural electric cooperative members of East River Electric Power Cooperative, Inc. REED serves in eastern South Dakota and western Minnesota.
Electric Cooperatives are consumer-owned, non-profit entities. Concern for community and cooperation among cooperatives are two of their guiding principles.
Both REED’s membership structure and the fact that its members are local businesses in the region make the REED Fund unique.
The REED Fund’s success is attributable to its members’ vision and commitment to invest the cooperative’s capital in the future of their communities. The REED Fund offers financing for business development and for projects involving infrastructure and quality-of-life elements necessary to assist rural communities to retain, develop and attract businesses.
Electric cooperatives’ participation in economic development finance has made a significant impact in the region. As the second largest economic development capital resource in South Dakota, the REED Fund is committed to meet a growing need for capital.