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CIF Funding Helps Cover BASEC Needs

Blog, News & Events on January 25th. Comments Off on CIF Funding Helps Cover BASEC Needs

In a rural community, a lack of available housing can be a deal breaker. 

“When potential teachers, daycare providers or business owners turn down jobs because they can’t find a suitable place to live in town, you have a problem,” explains Margot Gillette, Executive Director of Beadle and Spink Enterprise Community (BASEC). “BASEC is working hard to ensure the communities we serve have quality housing options. Then the dominoes fall and those communities become instantly more desirable.” 

Beadle and Spink Enterprise Community (BASEC) serves seven communities across rural Beadle and Spink counties—an area that spans 1,000 square miles. The organization is dedicated to helping these rural communities help themselves through economic and community development efforts. Having access to flexible, unrestricted loan capital is vital to the success of these efforts, which is why BASEC utilizes the Dakota Resources Capital Investment … Read More »

Investor Profile: Avera

Blog, News & Events on January 18th. Comments Off on Investor Profile: Avera

Avera has been an Investment Partner Since 2007 with total investments to-date:  

$300,000 in grants  
$80,000 in loans  
$54,000 in sponsorships 

Drive across our rural landscape in any direction and chances are you’ll find an Avera facility. Whether it’s a hospital, clinic or other health care service, Avera has a presence in 86 counties across the region. This rural commitment is part of the health care system’s longstanding mission of “providing access to health care and specialists in rural and underserved communities.” 

“Dakota Resources and Avera have very similar values,” says Rachael Sherard, Senior Vice President of Avera Rural Health Services. “We invest in Dakota Resources because they invest in rural. Helping sustain and build strong rural communities is vital to a good health care system and a good health system is vital to a strong rural community. All boats rise if we work together.”  

Recent Capital Investment Fund investments in rural communities like … Read More »

Youth Advisory Board Developed in Centerville

Blog, News & Events on January 16th. Comments Off on Youth Advisory Board Developed in Centerville

Look around the small community of Centerville and you’ll see a success story in the making.

According to Jared Hybertson, the community’s Economic Development Coordinator, much of the progress and innovation happening in Centerville was sparked by RuralX.

“Almost everything we’ve done in the past two years goes back to RuralX,” he says. “It’s an event that really re-energizes us and makes us think outside the box.”

Here are just a few of the things Centerville has been doing to improve and enhance their community:

After being encouraged by youth engagement stories at RuralX, the community is in the process of setting up a Youth Advisory Board that reports to the Centerville Development Corporation.
Deb Brown and Becky McCray’s RuralX presentation about finding opportunities in empty downtown buildings inspired Centerville to host pop-up businesses inside a vacant building that is for sale. The pop-ups helped … Read More »

Month Six | Tripp Partners with SD Community Foundation & Dakota Resources

Blog, News & Events on January 16th. Comments Off on Month Six | Tripp Partners with SD Community Foundation & Dakota Resources

Tripp Community Engages in Empower! Dakota Community Coaching

What a difference a few great connections can make. After attending RuralX17 last July just to “get some ideas,” Bryan and Shawn Bietz used what they learned to formed the Tripp Action Group. Since then, the entire Tripp community has made significant strides in bringing people together to help make their home a better place to live. The latest achievement includes applying for and receiving a $10,000 Community Innovation Grant from the South Dakota Community Foundation. This grant will be used to help fund a partnership with Dakota Resources and the organization’s Empower! Community Coaching program, which will guide the community through a comprehensive coaching process designed to help empower local people and organizations to lead action. (Tripp is one of several rural development corporations using SD Community Foundation grants to partner … Read More »

Helping Greater Huron Become Even Greater

Blog, News & Events on January 11th. Comments Off on Helping Greater Huron Become Even Greater

“I’ve been working with financial people for over 25 years and the staff at Dakota Resources is absolutely top notch,” explains Barry Cranston, Executive Vice President of the Greater Huron Development Corporation. “They’re extremely knowledgeable and easy to work with. They bend over backwards to make things happen.”  

Dakota Resources works hard to make good things happen for our rural communities and it’s rewarding to be recognized. While we love a good compliment, we also love a good success story—and we’ve got several from the Greater Huron Development Corporation. The good folks in Huron have been with us almost from the beginning and we are proud to be a part of the positive progress happening in the area.  

Over the years, Dakota Resources has provided Capital Investment Funds to assist the Huron community with a variety of projects, including:  

 The development of a residential neighborhood on Broadland Creek Golf … Read More »


Updates @ Dakota Resources

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Month Seven | Tripp partners with SDSU and Wellmark

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