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Renner, SD – Dakota Resources has been awarded a Rural Community Development Initiative (RCDI) grant in the amount of $214,090 from USDA Rural Development.
This 3-year program will provide financial and technical assistance to the economic development professional staff and local leadership teams from twelve private nonprofit economic development organizations and low-income rural communities in South Dakota, namely: 1) Centerville Development Corporation; 2) De Smet Development Corporation; 3) Eureka Community Development Company; 4) Faulkton Area Development Corporation; 5) Southern Hills Economic Development Corporation; 6) Lemmon Housing & Redevelopment Commission; 7) Grant County Development Corporation; 8) On Hand Development Corporation; 9) Grow Spink, Inc.; 10) Wagner Area Growth, Inc. (Strikeforce Area); 11) Wall Economic Development Corporation; and 12) Webster Area Development Corporation.
USDA makes grants available under the Rural Community … Read More »
Years ago, Beth Davis, President of Dakota Resources, set a goal of growing the Dakota Resources Capital Investment Fund to $20 million before her retirement. Less than two months shy of Beth’s retirement date, Dakota Resources achieved this goal thanks to a $1 million loan approved by Northwest Area Foundation in early November.
“The loan brings us to $20,905,000,” says Beth. “I’m so proud of the board for embracing our vision for growth and the financial team for doing a great job of executing the plan.”
For many rural communities, flexible, unrestricted loan capital is vital to supporting businesses, economic development, housing and entrepreneurial opportunities. Capital Investment Fund loans have been utilized in dozens of rural communities to help generate new opportunities, jobs and a better quality of life.
In 2017, the Capital Investment Fund disbursed a total of $5,950,000 in loans with a net loan … Read More »
Groups Come Together To Work On Downtown Yankton Improvements
By Rob Nielsen email@example.com on Dec 7, 2017
Yankton is closing in on a year working with Dakota Resources’ design:SD initiative on revitalizing the downtown district.
Thursday, volunteers constituting business and civic leaders from all over Yankton along with other volunteers met at Discovery Church for a discussion organized by design: SD, the Meridian District and Onward Yankton to go over what has been accomplished and how to tackle three projects meant to revitalize downtown.
Meridian District executive director Mollie Grey said that Thursday’s event was a way of pushing the conversation forward.
“Since Design South Dakota, I think a lot of what the community is saying (is), ‘What has actually been happening since Design South Dakota?’” Grey said. “Today’s event is going to be vital in having an action plan when you leave today.”
She added … Read More »
If you want to see what a little creativity, youth involvement and community-building can do for a rural town, Platte is an excellent case study. The community is alive with ideas and plans for the future, and Cindy Meyer, Executive Director of the Platte Area Chamber of Commerce, gives a healthy dose of credit to Rural X.
“We were inspired to connect our youth and our business community at Rural X, and so many other ideas we had were made better after we attended,” explains Cindy. “My only complaint about Rural X is that isn’t held twice a year!”
Since attending RuralX17 last July, the community of Platte has formed five different Community Action Teams to help improve and enhance the quality of life in the Platte area. Teams are designated for events, youth, green space, housing and The Arts. Each team … Read More »