DVEC Economic Development Fund
In 2000, Dakota Valley Electric Cooperative was the recipient of a $120,000 USDA Rural Economic Development Grant. That grant established Dakota Valley Electric’s Economic Development Fund. Since then the Cooperative has added additional grants to the fund. The Fund now totals over $1,600,000.
The fund provides 1% interest loans to new businesses or business expansions. Loans made from DVEC’s Economic Development Fund are for a minimum of $10,000 and a maximum of what is available in the fund at the time the application is received. Terms for the loans vary, depending upon the use of the loan.
For more information on any of the Economic Development Loan Programs, please contact Michelle Berry at 1-800-342-4671 or 701-493-5015 you can e-mail her at email@example.com.