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, see "Financing & Incentives" on www.SDReadyToWork.com.
SB235 Rules Notice of Hearing 4-12-13
Revised Economic Development Partership Rules Revised Local Infrastructure Improvement Grant Rules Revised Reinvestment Paymet Rules Revised South Dakota Jobs Grant Rules
Proposed Economic Development Partnership Rules Proposed Local Infrastructure Improvement Grant Rules Proposed Reinvestment Payment Rules Proposed South Dakota Jobs Grant Rules
May 2013 April 2013 March 2013 February 2013 January 2013 December 2012 November 2012 October 24 - 2012 October 9 - 2012 September 2012 August 2012 July 2012
April 2, 2013 March 5, 2013 February 8, 2013 No January Meeting December 26, 2012 November 29, 2012 November 7, 2012 October 23, 2012 No September Meeting August 27, 2012
April 2013 March 2013 February 2013 December 2012 November 29 2012 November 7 2012 October 2012 August 2012
April 2013 March 2013 January 2013 December 2012 November 2012 October 24 2012 October 9 2012 September 2012 August 2012 July 2012 June 2012 May 2012 April 2012 March 2012 February 2012 January 2012 December 2011 November 2011 October 2011 Annual Meeting (Sept. 16, 2012) August 2011 July 2011
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.
REDI Fund Cy 2011 Loans
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.