Northeast South Dakota Economic Corporation (NESDEC)


	NESDEC

	Loan Programs

	NESDEC Board of Directors

	Recommended Resources

	Contact Us

northeast south dakota economic corporation

Mission Statement
To stimulate economic opportunities through loans, technical assistance and partnerships.

NESDCAP Map
About Us
The Northeast South Dakota Economic Corporation (NESDCEC) is a 501 (c)(3) private non-profit community development corporation sponsored and partially supported by NESDCAP. NESDEC currently serves 22 counties in South Dakota: Beadle, Brown, Buffalo, Campbell, Clark, Codington, Day, Edmunds, Faulk, Grant, Hand, Hyde, Jerauld, Kingsbury, Marshall, McPherson, Miner, Potter, Roberts, Sanborn, Spink and Walworth.

NESDEC Provides economic opportunities to the residents of its service area, through small business
loans, technical assistance, and partnerships with financial institutions and other business assistance organizations.

Nesdec can

• Partial guarantee or participate on bank loans to small businesses
• Provide counsel, referrals, and mediation to businesses in need of assistance

loan programs

• CD Pledge Program
• Housing Loan Partnership Program (HLPP)
• Direct Loans

Over 90 area banks participate with NESDEC's loan programs. If your banker does not know about our loan programs, contact a NESDEC representative. NESDEC helps businesses that are operating to earn a profit. The business must adhere to federal and state guidelines.

NESDEC works with the Small Business Development Corporation (SBDC). Businesses who would like assistance planning, financial projections, and overall business management may contact the Small Business Development Center. They provide professional, confidential and no-cost business consulting services, including one-on-one counseling and training, to individuals starting a business or looking for ways to improve an existing business. The SBDC is located at 416 Production Street North, Aberdeen, SD 57401. They can be reached by phone: (605) 626-2565 or fax: (605) 626-2667, or Email.

nesdec board of directors

David Heitmann, Britton
Colleen Cordell, Marvin
Kenny Buck, Peever
Daniel Menking, Webster
David Gleason, Claire City

Randy Gruenwald, Clark
Wayne Board, Doland
Craig Johnson, Redfield
Rod Domke, Highmore
JoAnn Schaefers, Orient

Craig Rau, Java
Roger Schipke, Bowdle
Bob Heintzman, Aberdeen
Terry Flamboe, Aberdeen
Judy Steen, Ipswich

Recommended Articles

• Business Owners are Lifelong Learners by Kelly Weaver

Recommended Resources

• Association for Enterprise Opportunity
• The Beehive
• Opportunity Finance Network
• Business Compliance Resource
• Calvert Foundation
• Entrepreneur Magazine Online
• Great Opportunities, LLC
• Governor's Office of Economic Development - Ask about their free Business Start-Up Kit!
• Rural Local Initiatives Support Corporation
• Microenterprise Fund for Innovation, Effectiveness, Learning and Dissemination
(Aspen Institute)
• Miner County Community Revitalization
• Northeast Council of Governments
• Northeast South Dakota Community Action Program
• On-Line Business Information
• Power HomeBiz Guides (Online magazine articles, tools and resources)
• Quicken Small Business Tools and Resources
• Quicken.com Calculators
• Rural Development
• Rural Electric Economic Development
• Small Business Administration
• South Dakota Rural Enterprise Incorporated
• Southeast Council of Governments
• South Dakota Department of Agriculture
• Small Business Development Center (SBDC)
416 Production Street N., Aberdeen, SD 57401
Phone: (605) 626-2565; Fax: 65-626-2667

NESDEC is an equal opportunity lender. Complaints of discrimination should be sent to: Secretary of Agriculture,
Washington, D.C. 20250

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