Tuesday,  April 24, 2012 • Vol. 12--No. 285 • 26 of 37 •  Other Editions

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of their son, Jaxon Sehnert, and ask that they be allowed to grieve in private.
• Six-year-old Jacob Sehnert remains hospitalized.
• The couple expressed their gratitude for the outpouring of love, support and prayers.
• Officials say the house was engulfed in smoke when firefighters arrived on the scene. Crews used thermal imaging cameras to rescue the children.
• The boys were airlifted to Sioux Falls hospitals. Jessica Sehnert also was hospitalized but was released.

Economic development board drops REDI fund rate

• PIERRE, S.D. (AP) -- Gov. Dennis Daugaard says the 3-percent interest rate on new loans from South Dakota's Revolving Economic Development & Initiative Fund is dropping to 2 percent.
• Daugaard says he's pleased with the decision by the Board of Economic Development, which oversees the REDI Fund. He says he's optimistic the change will help stimulate South Dakota's economy.
• The REDI Fund was created in 1987 under Gov. George Mickelson to diversify South Dakota's economy, increase capital investment and create stable jobs. The loan program is available to start-up firms, businesses that are expanding or relocating and local South Dakota economic development corporations.
• The Daugaard administration says the program has created more than 30,000 jobs through 2011.

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