To stimulate economic investment in low-income communities, Dakotas America LLC, a Community Development Entity (CDE), has been awarded New Markets Tax Credit (NMTC) allocations by the U.S. Department of Treasury CDFI Fund. Dakotas America LLC assigns New Markets Tax Credit allocations for qualified investments in qualifying projects located in rural, highly distressed low-income communities.
Dakotas America LLC, which is spearheaded by South Dakota Rural Enterprise and the North Dakota Rural Development Finance Corporation, supports and enhances economic development in both South Dakota and North Dakota.
Dakotas America LLC was created to present a unique value proposition — a community sponsorship and impact scenario that allows Dakotas America LLC to competitively stand out among others CDEs. Dakotas America LLC is the only CDE based in the Dakotas, a region that previously had never received allocations.
For more information please visit the Dakotas America website by clicking HERE.