CIF Funding Helps Cover BASEC Needs

Posted on January 25, 2018

Paula Jensen
Post Author

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 Fund.  

“Ten years ago, BASEC borrowed $500,000 from the Capital Investment Fund and used it for all kinds of projects,” explains Margot. “Last year we borrowed another $500,000 and drew our first $250,000 this spring. The beauty of the Capital Investment Fund is that we can use it for virtually anything we want.” 




Comments are closed.


Updates @ Dakota Resources

We grant permission to any development organization to repost and/or reuse any article contained in our blog for educational and marketing purposes.

 

Raise Your Voice for Rural Communities

It seems to me the only voices being heard in this world are from big companies, big cities and big government. The news blasted...

Moving from a Sponsor to a Partner

Touchstone Energy Cooperatives and the Rural Electric Economic Development (REED Fund) became a Leadership Partner with Dakota Resources in June 2018. As part of their...

Deuel Area Development Joins the Learning Network

“We had been thinking about joining the Dakota Resources Learning Network for some time, but the last RuralX confirmed it for us,” says Joan...

WordPress Image Lightbox Plugin