Category: News & Events
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Clint Waara has been named the new Vice President of Business Development for Dakota Resources and Dakotas America LLC. A statewide, private, not-for-profit rural development organization, Dakota Resources serves all of South Dakota with the capacity to initiate model programs, broker projects and organize coalitions around rural development issues.
A partnership of Dakota Resources and the North Dakota Rural Development Finance Corporation, Dakotas America assigns New Markets Tax Credit allocations for approved investments in qualifying projects located in rural, highly distressed low-income communities in the United States.
In his new position, Waara communicates the capabilities of Dakota Resources and Dakotas America to investors, communities, government agencies and other strategic partners. He works with Dakota Resources President Beth Davis and Dakotas America Managing Director Lin VanHofwegen to bring the products and services of both organizations to economic development groups and communities ready to invest in … Read More »
Monte Amende of Belle Fourche and Dustin Floyd, partners in Deadwood-based advertising agency TDG Communications, have been selected as 2013 Dakota Rising Fellows.
Dakota Rising, a program designed to promote rural entrepreneurship, includes a $10,000 grant for professional and business development. It also partners the recipient with a mentor who is a leader in their industry. Nine fellowships were awarded across the state, including five in Lawrence County.
Entrepreneurs applying for a fellowship must be connected to the local development community and be recognized for the value they add to their local economy. They must have potential to form ongoing relationships with local and statewide resources. They also need to develop detailed professional and business growth plans.
One significant asset is the mentor partnership. The TDG partners have been working with Luke Sullivan, a nationally known advertising veteran who is currently chairman of … Read More »
On March 18, 2013 Dakota Resources hired Jay Headley to fill the position of Asset Manager.
Jay lives in the Sioux Falls area and is a graduate of University of South Dakota in Vermillion, SD. He earned his Bachelor’s and Master’s degree in Business Administration. Jay is very knowledgeable in the financial services and banking industry with over eight years of experience. Prior to coming to Dakota Resources, Jay held the position of Financial Accounting Analyst at Citigroup. He has specialized in cash management, accounting, financial control and credit review.
As Asset Manager, his tasks include handling financial and accounting operations, compliance, and portfolio management for both Dakota Resources and Dakotas America. Dakotas America is also based out of Renner, SD that helps to stimulate growth and development in communities throughout the Dakotas.
Jay states what initially attracted him to Dakota Resources, “I was … Read More »
On April 25, 2013, the CDFI Fund announced the 2012 New Markets Tax Credit Awards. One of the awards went to Dakotas America who received a $60 million NMTC allocation to revitalize low-income and distressed communities.
Linda Salmonson, chairman of the Dakotas America board of directors, said that the organization has been a strong and successful voice for community development in North and South Dakota. “In low-income rural communities, Dakotas America has proven our effectiveness in dealing with economic challenges,” Salmonson said. “Even more importantly, we have shown the power of partnership to meet those challenges with innovative solutions that bring positive outcomes to families and communities throughout the Dakotas.”
The NMTC program attracts private-sector capital investment into low-income areas to help stimulate economic growth and create jobs. Dakotas America has already placed $130 million in NMTC allocations throughout North and South … Read More »
The 2013 Mid-America Economic Development Council (MAEDC) Best Practices Conference is in Sioux Falls on May 15 – 17, 2013.
Registration opens soon, but you can book your hotel room now. The conference timeline is Wednesday, May 15th (early afternoon) through Friday, May 17th (mid-day). You won’t want to miss session topics including:
How Federal Legislation and Funding Affects Economic Development in Your Community
A Presentation from a National Site Selection Real Estate Firm
Talent Retention and Attraction
Mid-America Success Stories
A limited number of hotel rooms have been blocked for the nights of May 14-16, 2013 at the discounted rate of $109/night (single and double rooms).
To book your hotel room, please call 1-800-HOLIDAY by April 23, 2013. Be sure to mention that you are with the Mid-America Economic Development Council (MAEDC) Best Practices Conference to receive the discounted rate.
The site of this year’s … Read More »