Interstate Telecommunications Co-Op REDI Loan Fund
The Rural Economic Development, Inc. (REDI) Loan Fund is a non-profit corporation offering financing for business, agri-business, infrastructure, and community development projects that benefit rural areas.
The ITC REDI Fund provides business and community project financing in partnership with commercial and other economic development lenders to leverage private investment and make a difference in the region it serves.
Established in 1996 and governed by its Board of Directors, ITC REDI assists projects that promote growth and contribute to job, business and wealth creation, as well as improve the infrastructure, community facilities/services, and economic base of rural areas.
ITC REDI makes loans to for-profit businesses, not-for-profit organizations, and local governments. Projects include, but are not limited to:
- Small and medium sized business and cooperatives engaged in manufacturing, retail, and service industries
- Producer owned business and cooperatives that add value to agriculture
Clear Lake Headquarters
312 Fourth Street West
Clear Lake, SD 57226
Phone: 1-800-417-8667 Fax: 605-874-2014
Category: Federal Incentives, Grants & Loans
More Federal Incentives, Grants & Loans
The Aberdeen Development Corporation has business loan opportunities available through their revolving loan fund and forgivable loan program.Learn More
CITY OF CLEAR LAKE
The following discretionary formula is adopted for any new construction of residential structures, including any addition to or renovation of an existing structure in the City of Clear Lake with an assessed value of $30,000.00 or more pursuant to the following percentages of assessed value over a period of five years:
Amended Resolution No. 2010-8
Dated: August 9, 2010.
Following the recession of the early 1980s, the Future Fund was developed in 1987 with $1.8 million to invest in South Dakota’s workforce and build its economy. It helps to support the training of employees, retraining of employees during layoffs, business recruitment, and research and entrepreneurial activities. In 2011, $6,978,077 was awarded to 27 companies for these purposes, creating 1,335 jobs.Learn More
South Dakota Wins will better prepare our young people for the future, all while providing immediate training to our citizens so they can fill the positions already in our state. It will also work to improve access to rural health care and aggressively market South Dakota to attract new citizens and encourage the return of those who've moved away from our state.Learn More