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...Continue Reading
Abundant Ag takes a unique approach to pig farming. The company buys food waste from processing companies and repurposes it into a pig feed ingredient, commonly referred to as bakery meal. The process reduces the amount of food that is sent to the landfill while providing nutritious and affordable feed...Continue Reading
The Rural Electric Economic Development, Inc (REED) Fund is excited to celebrate Economic Development Week (EDW) from May 6th - May 10th. This is an excellent time to reflect on the role economic development plays in communities and how electric cooperatives contribute to regional growth. Electric co-ops power 56% of...Continue Reading
2023 was a significant year for the Rural Electric Economic Development, Inc. Fund. We are proud to have reached $100 million in REED loans originated which has generated $1 billion in total project impact. Our loans have benefited more than 10,000 jobs across several rural communities in South Dakota and...Continue Reading