COVID-19: Small Business Administration's Economic Injury Disaster Loan funds now available in South Dakota. Learn More
The Revolving Economic Development and Initiative (REDI) Fund is designed to help promote job growth in South Dakota. This low-interest loan fund is available to start-up firms, businesses that are expanding or relocating, and local economic development corporations.
The REDI Fund provides up to 45 percent of a project’s total cost. Companies should secure interim (construction) financing, matching funds for permanent financing and be able to provide a 10 percent minimum equity contribution before applying to the Board of Economic Development for a REDI Fund loan.
For complete REDI Fund details, including eligibility requirements and application process, click here.
Pursuant SDCL 1-16G-10, the Board of Economic Development is required to produce an annual informational report demonstrating fiscal year activity. The annual report is submitted by November 1 of each year.
For the purposes of keeping the general public better informed about the action taken by the Board of Economic Development, the Board provides a calendar year report of activity for public review.
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