NECOG-DC’s RLF program has been capitalized by a number of sources over the years.
Major contributions include: EDA, USDA Rural Development, U.S. Department of Housing and Urban Development through the City of Aberdeen, South Dakota’s REDI Fund, and Wells Fargo Community Foundation.
Other contributions include: NECOG, South Dakota Community Foundation, Northwestern Public Service, Montana-Dakota Utilities, Dacotah Bank, and US Bank.
SERVICE AREA Counties of: Beadle, Brown, Campbell, Day, Edmunds, Faulk, Hand, Marshall, McPherson, Potter, Spink, and Walworth.
ELIGIBLE COSTn• Business Acquisitionn• Land/Building Acquisitionn• Building Renovationn• Inventory Purchasen• New Building Constructionn• Equipment Purchasen• Machine/Suppliesn• Leasehold Improvementsn• Start-Up Costn• Permanent Working Capital INELIGIBLE COSTn• Refinancing of existing debtn• Relocation outside of service arean• Short-term operating loans or bridge loansn• Housing – spec homes, apartments, flipping homes, etc.
• Business whose majority of income comes from alcohol or gambling
Northeast Council of Governments
Address: 2201 6th Ave. S.E Suite 2
State: South Dakota