Revolving Economic Development and Initiative (REDI) Fund

Administered by South Dakota Governor's Office of Economic Development · South Dakota

BENEFIT

45% credit

Deadline type: rolling

Eligibility Requirements

1Low-interest loans up to 45% of total project costs
2For business attraction and expansion projects
3Can be used for land, site improvements, construction, equipment
4Discretionary program

Eligible Project Types

CommercialIndustrialSmall Business

STACKING POTENTIAL

Revolving Economic Development and Initiative (REDI) Fund is stackable — it can be combined with other federal, state, and local programs on the same project. Michigan and Ohio projects commonly stack this program with Federal Historic Tax Credit, New Markets Tax Credit, and Opportunity Zone deferral to maximize total incentive value. Use GrantRadar to see your full stack.

AFTER YOU WIN

View the Revolving Economic Development and Initiative (REDI) Fund compliance checklist →

Reporting deadlines, vendor rules, and the disallowed-cost pitfalls that trigger clawbacks.

Source: South Dakota Governor's Office of Economic Development official program page ↗ · Last verified 2026-06-23

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STACKABLE WITH

Michigan Community Revitalization Program

Up to $10M · Direct Grant

Michigan Historic Preservation Tax Credit

25% credit · Tax Credit

Michigan Brownfield TIF

Negotiated / contact agency · Tax Increment Financing

Michigan Business Development Program

Up to $10M · Direct Grant

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