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 Course
- The construction of a spec building in West Industrial Park that will soon open as the new Dakota Provisions turkey processing facility, employing over 200 people
- The recent funding of the TIF used to install roads, utilities and infrastructure for Southtown Development
“Southtown Development is allowing Huron to grow south of town along Highway 37,” explains Barry. The area has already attracted a bank facility, a senior apartment complex, a new restaurant and a car dealership, among other things.”
In addition to Dakota Resources providing gap financing, its affiliate Dakotas America provided an eighteen million dollar allocation of New Market Tax Credits to help finance the Huron Central Park and Campus Center project, which provides community and educational space.
“We can always count on Dakota Resources to understand the needs of our rural community and to provide us with flexible options that make sense,” explains Barry. “We are very lucky to have them in South Dakota and I would recommend them to any economic development organization looking for project funds.”