The Northeast South Dakota Economic Corporation (NESDEC)
was established in 1978 to increase
business and job development, which was suffering due to the out-migration caused by the demise of
the family farm. NESDEC's mission is to stimulate economic opportunities through loans, technical
support and partnerships. NESDEC administers five loan programs, providing opportunities for low-
to moderate-income individuals to secure loans. NESDEC has provided over $28.2 million in
financing, helping maintain or create 5,726 area jobs.