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ILGP Borrower Success Story: Rosebud Economic Development Corporation

Rosebud Economic Development Corporation was established in 1999 and generates revenues for the Rosebud Sioux Tribe.

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: 2007-2009Propane Delivery TrucksType of Service: Loan GuaranteeLenderNative American BankBorrowerREDCOProject: Multiple Retail Business Start-UpFinancing Amount: $1,750,000Location: 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.

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