South Dakota REDI Fund (Revolving Economic Development and Initiative Fund)

Key facts

Copied word-for-word from the official South Dakota state agency page. Last verified October 28, 2026.

Program name

South Dakota REDI Fund (Revolving Economic Development and Initiative Fund)

Issuing agency

South Dakota Governor's Office of Economic Development (State of South Dakota)

Funding type

Loan

Funding purpose

Business and Commerce

Status

Ongoing program

Application deadline

Ongoing program · no application deadline published

Published loan amount

Not stated on the official South Dakota state agency page

Eligible applicants (our reading of the official page)

• For profit organizations other than small businesses
• Small businesses

Relevant to

BusinessesHow we determined this: Derived from the eligibility statement on the official page (business, small business).

Geographic restrictions

This is a South Dakota state program. Check the official page for location requirements.

Official source

View the official program page ↗

How to apply (from the official page)

See the official program page

Source

sdgoed.com/program/redi-fund/

Last verified

October 28, 2026 (against the official South Dakota state agency page)

Record confidence

highCurated from the official agency page; reviewed by an editor.

Eligibility details (from the agency)

It is available to start-up firms, businesses that are expanding or relocating in South Dakota, as well as local economic development corporations.

Description (from the official program page)

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.