Back to Grants
SD
South Dakota REDI Fund
Low-interest state loans for South Dakota companies creating jobs and making fixed-asset investments.
About this program
The Revolving Economic Development and Initiative Fund is designed to promote job growth in South Dakota by providing financing for eligible fixed asset projects. Rapid City companies can use REDI loans in combination with bank financing and equity for business expansion and development.
Eligibility
Eligible South Dakota businesses undertaking fixed-asset projects that create or retain jobs and meet state financing criteria.
Requirements
- Secure interim financing, matching permanent financing, and at least 10 percent equity contribution
- Apply through the South Dakota Governor’s Office of Economic Development
- Provide project budget, job impact, business financials, collateral, and financing commitments