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SD
South Dakota Revolving Economic Development and Initiative Fund (REDI)
Provides low-interest financing through local development corporations for businesses creating or retaining jobs in South Dakota.
About this program
Provides low-interest financing through local development corporations for businesses creating or retaining jobs in South Dakota.
Eligibility
South Dakota businesses applying through local development corporations using REDI financing.
Requirements
- 10% minimum equity contribution required
- Shared 1st lien position on financed assets
- Projects must be for land purchases, site improvements, building construction/acquisition/renovation, or machinery/equipment purchases
Funding Categories
Economic Development Finance