User uShare Login | Register
Login
Register

Along with posting photos, videos, and stories, your uShare account lets you post Classified Ads, recipes on What's For Dinner, and Announcements.


78° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options

RADAR LOCATION

TEMPERATURE LOCATION

News

[0] My Saved Articles
Back to all news

Business

Find local businesses
on the KELO Pages!

 

Economic Development Board Drops REDI Fund Rate

April 23, 2012, 1:34 PM

PIERRE, SD -

Gov. Dennis Daugaard says the 3-percent interest rate on new loans from South Dakota's Revolving Economic Development & Initiative Fund is dropping to 2 percent.

Daugaard says he's pleased with the decision by the Board of Economic Development, which oversees the REDI Fund. He says he's optimistic the change will help stimulate South Dakota's economy.

The REDI Fund was created in 1987 under Gov. George Mickelson to diversify South Dakota's economy, increase capital investment and create stable jobs. The loan program is available to start-up firms, businesses that are expanding or relocating and local South Dakota economic development corporations.

The Daugaard administration says the program has created more than 30,000 jobs through 2011.

Previous Story

Next Story




 
Find Local Businesses on KELO Pages!

View business

You may also like

First DTSF Incubator Store Open For Business

7/23/2014 6:30 AM

605 Running Co., 124 S. Phillips Avenue, just opened its doors on Friday. It's a big grand opening for the store, but also for Downtown ...

Full Story | Watch
Fruit From Walmart And Costco May Be Contaminated

7/22/2014 11:23 AM

A Central California company has issued a voluntary nationwide recall of specific lots of its fresh peaches, plums, nectarines and pluots over concern...

Full Story
Third Walmart Preparing To Open In Sioux Falls

7/22/2014 6:10 PM

Sioux Falls latest Walmart store is preparing to open in just a few weeks.

Full Story
Lance Armstrong Is Grand Marshal For Sturgis Ride

7/21/2014 3:02 PM

Dethroned cyclist Lance Armstrong has been named the official grand marshal of the mayor's ride to kick off the Sturgis Motorcycle Rally.

Full Story
New Mortgage Rules

7/16/2014 10:10 PM

This year, new mortgage rules went into effect to protect homeowners who are struggling. Potential buyers are also required to get education before en...

Full Story | Watch


Events