Back to Grants
SD
Revolving Economic Development and Initiative (REDI) Fund
Low-interest loan up to 45% of total project costs for South Dakota tech startups and expanding businesses, covering land, buildings, and equipment purchases.
About this program
Visit the program website for full details.
Eligibility
Start-up firms, businesses expanding or relocating in South Dakota, and local economic development corporations. Requires 10% minimum equity and shared first lien. Eligible uses include land, building construction/acquisition/renovation, and machinery/equipment.
Requirements
- Must be a South Dakota business or relocating to South Dakota
- Minimum 10% equity contribution required
- Shared first lien position on financed assets required