Revolving Economic Development and Initiative Fund
The REDI Fund provides low-interest direct loans to South Dakota businesses for expansion, startup, equipment, real estate, and working capital projects.
About this program
The Revolving Economic Development and Initiative Fund is a South Dakota Governor's Office of Economic Development financing program that provides low-interest loans for business startup, expansion, and retention projects. Eligible uses include land, buildings, machinery and equipment, working capital, and related project costs. The program is designed to leverage private financing and support projects that create or retain jobs and economic activity in South Dakota.
Eligibility
South Dakota businesses and economic development projects seeking financing for eligible startup, expansion, equipment, real estate, or working capital costs.
Requirements
- Business or project must be located in South Dakota.
- Funds must be used for eligible business or economic development purposes.
- Applicant must generally demonstrate job creation, job retention, or economic development impact.