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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 »
Over 100 entrepreneurs across rural South Dakota applied for the opportunity to be part of the unique Dakota Rising Fellowship, an experience designed to help rural business owners discover new ways to grow their businesses, themselves and their communities. A Dakota Rising Fellow is a person who has taken a start-up business to a viable, profit-earning stage and is poised for the next level of growth.
Gefroh’s two-year experience with the impactful rural entrepreneur development program will allow her to be part of a vibrant network of Dakota Rising fellows and alumni. She will also have access to leadership coaching, valuable tools and resources, empowering fellowship retreats, strategic business advice, and a $10,000 grant to use for … Read More »
It’s been three years since Wagner’s Economic Development Director Kelsey Doom took on a leadership role in her hometown community. In that time, the changes have been almost unbelievable. While Kelsey is extremely determined and has a deep passion for the Wagner area, she credits part of Wagner’s success to her involvement with Dakota Resources, the mentorship of people like Beth Davis and Joe Bartmann and the inspiration behind events like RuralX.
This past year, businesses opened in Wagner at an impressive pace. New families moved to town and young professionals came back after college. School enrollment hit 1,000 students, with a kindergarten class three times the size of the senior class. Wagner has become a regional hub with quality medical facilities, shopping, dining and entertainment options. For a rural community of just over 1,500 people, Kelsey felt this was … Read More »