The fundamental objectives of Rosebud Economic Development Corporation (REDCO) are job creation and improvement of the economic and social welfare of tribal members. REDCO’s Local Markets Division focuses on providing goods and services in the local region.
The loan guarantee program was a service used by REDCO to establish several projects, including a propane service and the Turtle Creek Crossing grocery store.
Details
Date of Commitment: 2007-2009
Type of Service: Loan Guarantee
Lender: Native American Bank
Borrower: REDCO
Project: Multiple Retail Business Start-Up
Financing Amount: $1,750,000
Location: Mission, SD
Description
Rosebud Economic Development Corporation (REDCO) was established in 1999 to foster economic development under a politically neutral economic development entity.
REDCO’s fundamental objectives are job creation and improvement of the economic and social welfare of tribal members. REDCO’s Local Markets Division focuses on providing goods and services in the local region. By fostering local entrepreneurship and job creation, REDCO is able to generate revenues for the Rosebud Sioux Tribe, attack persistent poverty, and provide affordable quality goods and services.
The loan guarantee program was a service used by REDCO to establish Sicangu Auto Service, a Propane Service and the Turtle Creek Crossing grocery store.
Additional Information
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MIB-4138, 1849 C Street NW, mail stop 4132
Washington, DC 20240
