Our Office

  • Phone: (605) 882-5115
  • Fax: (605) 882-5049
  • Email:
  • Physical Address:
    418 18th Ave NE, Watertown, SD
  • Mailing Address:
    PO Box 1207, Watertown, SD 57201
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Meet our Team

Amy Waite

Amy Waite

Executive Vice President
Amy has been with FDDC since September 2004. Before FDDC, Amy worked in accounting for small businesses. She has a Bachelor of Science degree in Business Administration from Mount Marty College, Watertown, SD.


 Shelby Kraemer

Loan Officer
Shelby has been with FDDC since December 2018. Before FDDC, Shelby worked for the Federal Government assisting small businesses, banks, and public entities with loans and grants. She has a Bachelor of Business Administration with a major in finance from the University of South Dakota, Vermillion, SD.

 Jessica Tesch

Loan Officer
Jessica joined FDDC in February 2023. Before FDDC, Jessica worked with a fortune 100 company, assisting small businesses and families with financial strategies. She has an Associates degree in Ag Banking from Lake Area Technical Institute in Watertown, SD.

Brittany Rost

Loan Officer
Brittany started at FDDC in October, 2020, as an Assistant Loan Officer. In July 2023, Brittany was promoted to Loan Officer. Prior to being part of the FDDC team, Brittany worked for other lending institutions.  She completed her Associates degree in Financial Services at Lake Area Technical Institute in Watertown, SD.

About FDDC

First District Development Company (FDDC) is a non-profit corporation promoting economic development and job creation in Eastern South Dakota. Established in 1983 as a Certified Development Company, First District Development Company is licensed by the Small Business Administration to offer the SBA 504 Loan. Under this program, FDDC provides long-term financing to small businesses for real estate acquisition, construction, and equipment purchases. FDDC originates, packages, processes, closes, and services the 504 loans.

Since 1983, First District Development Company has loaned over $150 million in SBA 504 financing to nearly 400 new or expanding businesses resulting in the creation of over 2,600 jobs. Types of SBA 504 projects previously financed through FDDC include: motels, convenience stores, assisted living centers, auto dealerships, restaurants, gymnastics studios, manufacturing concerns, dairy operations, veterinary clinics, photography studios, wholesale food concerns, and chiropractic clinics, among others.

First District Development Company also encourages economic growth and business development through Intermediary Relending Programs, Revolving Loan Funds and County Revolving Loan Funds in an eleven county area in Eastern South Dakota. This institution is an equal opportunity provider.