Two loans approved at monthly meeting

PIERRE, SD – The South Dakota Governor’s Office of Economic Development (GOED) Board of Economic Development approved two loans at this month’s meeting.

Southfork Investments LLC and Harris Machine Company of Aberdeen were both approved for financing.

Southfork Investments LLC was approved for a REDI loan for $1.8 million. Funding will be used to purchase and make improvements to an existing building.

Harris Machine Company was approved for a SD Works loan for $575,000. Funding will be used for equipment purchases.

GOED provides financing and incentives to meet the needs of both new and existing companies. For more information, go to https://sdgoed.com/partners/financing-incentives/.