REDI Fund

REDI Fund Revolving Economic Development and Initiative South Dakota’s REDI (Revolving Economic Development and Initiative) Fund is South Dakota’s flagship financing tool. It is available to start-up firms, businesses that are expanding or relocating in South Dakota, as well as local economic development corporations. This low-interest loan can be structured in relation to a project’s total cost and requires a 10% minimum equity contribution, and a shared 1st lien position on financed assets. Projects can include: land purchases; site improvements; construction, acquisition or renovation of a building; or to the purchase and installation machinery and equipment. The current REDI base rate is 3%. Downloads GOED Loan Application (pdf) GOED Loan Application (word)