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REED Fund

REED Fund logo

Northern Electric provides assistance to area development groups in the communities we serve including Grow Spink and the Aberdeen Development Corporation. Northern Electric also provides assistance to individuals through the Rural Electric Economic Development loan fund.

Rural Electric Economic Development, Inc. (REED Fund):

The Rural Electric Economic Development, Inc. (REED) Fund provides financing for business and community projects in partnership with commercial and other economic development lenders to leverage private investment and make a difference in the region it serves.  

The REED Fund was established in 1996 and is governed by East River Electric Power Cooperative and its member electric distribution cooperatives like Northern Electric Cooperative. REED assists projects that promote growth and contribute to job, business, and wealth creation, as well as projects that improve infrastructure, community facilities and services, and the economic base of rural areas.

REED makes loans to for-profit businesses, not-for-profit organizations, and local governments. Projects include, but are not limited to:

  • Small and medium-sized business and cooperatives engaged in manufacturing, retail, service and tourism industries

  • Community projects relating to water/wastewater, healthcare, education, telecommunications, public safety, recreation and the arts

  • Producer-owned business and cooperatives that add value to agriculture

  • Multi-family rental housing with strong community support

  • Efficient use of energy is encouraged for all projects and is also an eligible activity 

  • Applicants do not need to be a member/consumer of a rural electric cooperative to apply

REED demonstrates the cooperative principles of commitment to community and cooperation among cooperatives in a meaningful way that adds value to the region.

To learn more about the REED Fund visit their website by clicking here.

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©2022 Northern Electric Cooperative, Inc. All Rights Reserved

  • Home
  • Manage Account
    • Apply For Service
      • Request Electric Service
      • New Member Information
      • Forms
    • Billing
      • Pay Your Way
      • How To Read Your Bill
      • Automatic Bill Pay
      • Set Up A SmartHub Account
      • Prepaid Billing
      • Understanding Demand & the Monthly Coincident Billing Peak
      • Billing Peak Times
      • Capital Credits
      • Energy Assistance
  • Rebates & Technology
    • Rebates & Load Management
      • Rebates
      • Buy An Electric Water Heater
      • Electric Heat Rate
      • Load Management
      • Load Management Notifications
    • Technology & Renewables
      • Residential Solar
      • REC Program
      • Electric Vehicles
  • Safety
    • Electrical Safety
      • Call Before You Dig
      • Power Line Safety
      • Farm Safety
      • Winter Safety
    • Emergency Preparedness
      • Storm Center
      • Generator Safety
      • Power Lines and Cars
  • Community
    • Co-op News & Programs
      • 'Cooperative Connections' Magazine
      • News
      • Annual Meeting
      • VIP Tour
      • Co-op Connections Card
      • REED Fund
    • Youth Programs
      • Youth Excursion
      • Youth Tour
      • Scholarships
      • Touchstone Energy Scholar of the Week
  • About Us
    • Directors & Staff
      • About Us
      • Board of Directors
      • Administrative Staff
      • Cooperative Bylaws
      • Employment
    • Cooperative
      • History
      • Where Your Electricity Comes From
      • Cooperative Principles
      • Touchstone Energy Cooperatives
      • Nondiscrimination Statement
      • Accessibility Statement
  • Contact Us