RURAL ELECTRIC ECONOMIC DEVELOPMENT, INC. (REED) FUND
Bon Homme Yankton Electric is a REED Fund member. REED 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 25 electric cooperatives, REED 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 in South Dakota and Minnesota or as shown on the map.
Who We Are
REED Fund is a community development financial institution dedicated to providing financing and helping to leverage investment to make a difference in the region.
What We Do
REED offers loans that:
- promotes growth
- contribute to job, business, and wealth creation
- improves the infrastructure and economic base in rural areas
The fund demonstrates cooperative principles of commitment to community and cooperation among cooperatives in a meaningful way that adds value to the local economy. REED Fund is a 501.3.3 nonprofit corporation and does not restrict its lending to members of a rural electric cooperative.