Revolving Economic Development and Initiative (South Dakota)

From Open Energy Information


Last modified on February 12, 2015.

EZFeed Policy

Place South Dakota



Name Revolving Economic Development and Initiative (South Dakota)
Policy Category Financial Incentive
Policy Type Loan Program
Affected Technologies Biomass/Biogas, Coal with CCS, Concentrating Solar Power, Energy Storage, Fuel Cells, Geothermal Electric, Hydroelectric, Hydroelectric (Small), Natural Gas, Nuclear, Solar Photovoltaics, Wind energy
Active Policy Yes
Implementing Sector State/Province















Primary Website http://legis.sd.gov/statutes/DisplayStatute.aspx?Statute=1-16B&Type=Statute


Last Review 2014-08-01
Last Substantive Modification
to Summary
2014-08-01
Information Source http://www.sdreadytowork.com/Financing---Incentives-REDI-Loans.aspx


Summary

The Revolving Economic Development and Initiative (REDI) provides low interest loans to start-up firms, businesses that are expanding or relocating and local economic development corporations. The REDI Fund provides up to 45 percent of the total project's cost. Companies should secure matching funds and be able to provide a 10 percent minimum equity contribution before applying to the Board of Economic Development for a REDI Fund loan.


<metadesc> Revolving Economic Development and Initiative (South Dakota): energy incentive program. </metadesc>

Policy Contact

Contact Name Travis Dovre
Department South Dakota Governor's Office of Economic Development
Address 711 E. Wells Avenue
Place Pierre, South Dakota
Zip/Postal Code 57501
Phone 1-800-872-6190
Phone 2 (605) 773-3301
Email goedinfo@state.sd.us
Website http://www.sdreadytowork.com/


Authorities (Please contact the if there are any file problems.)

Authority 1: Economic Development Finance Authority


















References