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South Dakota REDI Fund — Revolving Economic Development

Governor's Office of Economic Development (GOED)SD-REDIRefreshed 1 month ago
Do I qualify?
Who can apply

Businesses

Government-funded

Max funding

$3.0M

per applicant

Type

Loan

Below-market financing

Deadline

Rolling

No fixed cutoff

Timing

Rolling

Apply when you're ready

Complexity

Moderate

Underwriting required

About This Program

Low-interest loans for South Dakota businesses creating or retaining primary jobs, with participation loans alongside local lenders for manufacturing, processing, and technology projects.

Key Requirements & Eligibility

  • 1Must create or retain primary jobs (jobs that bring new dollars into local economy)
  • 2Business must be located or willing to locate in South Dakota
  • 3Loans: up to $3M at below-market rates; 10-year maximum term
  • 4Eligible: manufacturing, processing, distribution, technology, tourism infrastructure
  • 5Must have firm commitment from local lender for majority of project financing

Do I qualify?

Answer the questions below for a rules-based self-assessment of your fit for this program. This is informational — final determinations are made by the administering agency.

0 of 5 answered

1.Must create or retain primary jobs (jobs that bring new dollars into local economy)

2.Business must be located or willing to locate in South Dakota

3.Loans: up to $3M at below-market rates; 10-year maximum term

4.Eligible: manufacturing, processing, distribution, technology, tourism infrastructure

5.Must have firm commitment from local lender for majority of project financing

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