DAKOTAS AMERICA HOSTED RURAL FINANCE GATHERING

Posted on May 3, 2017

Paula Jensen
Post Author

Comments Off on DAKOTAS AMERICA HOSTED RURAL FINANCE GATHERING


Federal community development funding, as measured as a share of GDP, has declined by 75 percent over the least 40 years. Federal policy has increasing relied on private-sector resources to fill the gap. Through the NMTC and CDFI programs, community development organizations are filling the yawning credit gap encountered in many communities, creating jobs improving housing and community facilities and creating economic opportunity. This is especially true in rural America where opportunity to access the capital necessary to build businesses and community services is limited.

On April 11, 2017, Dakotas America hosted the Upper Great Plains Rural Finance Gathering in Harrisburg, South Dakota. In all, there were over 30 attendees representing more than 20 economic development groups from across the region, as well as other areas around the country. The stated purpose of the gathering was for participants to learn from one another, share high-impact stories, and craft a univocal call for strengthening the rural fabric of our nation.

The sessions included messaging, storytelling and small group discussions on economic and social issues facing rural America. Ben Ready, SE District Director for Senator John Thune, also participated and spoke on the Status of Rural America during the lunch portion of the gathering.

The gathering focused on the federal economic and community development programs that these organizations are employing in low-income, hard-hit rural communities. Participants listed federal programs and funding sources that are effective and need to be protected by Congress, including the NMTC.

Check out more great photos from the Rural Finance Gathering:

Dakotas America Hosts Rural Finance Gathering




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.

 

Bringing quality health care to rural South Dakota

Imagine you live in a small community and your town’s only dentist wants to retire. The closest dental clinic will now be at least...

Large community ‘Empower’ meeting held for the betterment of Redfield

By Shiloh Appel Redfield Press

After a summer ripe with community and public listening sessions, coffee chats and discussions, the Greater Redfield area Community Engagement Process...

We tried that before and it didn’t work!

When was the last time you heard someone say, “We tried that before and it didn’t work!”  In my early days as a local...