Downtown Economic Development Incentive Fund (DEDIF)
PROGRAM MISSION & PURPOSE
The Downtown Economic Development Incentive Fund (DEDIF) mission is to support the continued economic growth and enhancement of downtown Brookings. The purpose of the DEDIF Loan Program is to stimulate private investment in downtown Brookings by lending funds to a downtown property owner(s) for the purpose of exterior streetside real estate improvements, repairs, and historical preservation.
DEDIF is a Revolving Loan Fund that enables the continual reutilization of a single pool of money. As monthly loan payments are made, DEDIF funds will be recycled and reloaned to new loan applicants.
Eligibility for DEDIF assistance is based on location within the Downtown Brookings Business District, the financial strength and repayment ability of the applicant; the feasibility and economic viability of the project, and project conformity.
For more information, please see the Program Overview and Application, or contact the Director of Programming and Special Events, Kaitlyn Luebbert (firstname.lastname@example.org).
DEDIF COMMITTEE MEMBERS:
Steve Hogie, First Bank & Trust
Tim Weelborg, Enterprise Institute
Laci Thompson, Pasque & Downtown Committee
Brian Rex, South Dakota State University
Matthew Weiss, Design Arch Group & Brookings Historic Preservation Commission
Kelsey Doom, President and CEO Brookings Area Chamber of Commerce