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The REED (Rural Electric Economic Development) Fund is a non-profit tax-exempt 501 (c) (3) corporation, formed through the collaboration of rural electric cooperative members of East River Electric Power Cooperative, Inc. REED serves eastern South Dakota and western Minnesota.
Electric Cooperatives are consumer-owned, non-profit entities. Concern for community and cooperation among cooperatives are two of their guiding principles.
Both REED's membership structure and the fact that its members are local businesses in the region make the REED Fund unique.
The REED Fund's success is attributable to its members' vision and commitment to invest the cooperative's capital in the future of their communities. The REED fund offers financing for business development and for projects involving infrastructure and quality-of-life elements necessary to assist rural communities to retain, develop and attract business.
Electric cooperatives' participation in economic development finance has made a significant impact in the region. As the second largest economic development capital resource in South Dakota the REED Fund is committed to meet a growing need for capital.
Contact the General Manager at Kingsbury Electric for more information.
Touchstone Energy® Cooperatives is a national network of electric cooperatives across 46 states that provides resources and leverages partnerships to help member cooperatives and their employees better engage and serve their members. By working together, Touchstone Energy® Cooperatives stand as a source of power and information to their 32 million member-owners every day.