Support Gained Through The Capital Investment Fund Really Adds Up
Sometimes, confidence is everything.
That was the case with Nate Welch, who claims the confidence he gained by working with Dakota Resources helped in his ability to problem solve and dream for the Vermillion community.
“We had a plan for a seventy lot housing development that wasn’t quite working out,” he admits. “I had some great professional and frank discussions with Dick and Jay, who had been a part of the project through Dakota Resource’s Capital Investment Fund. Thanks in part to their support and belief in us, the Vermillion Chamber and Development Company was able to take another look at the project from a different perspective. In the end, we were able to accelerate the project and come up with more forward-thinking solutions.”
That experience is just one reason Nate is grateful to have Dakota Resources on his side. While he appreciates the financial counseling he has gained through Dick and Jay, he says he has grown the most through their mentorship and honest conversations.
Because of the positive experience with Dakota Resources, Nate asked the organization to facilitate a recent VCDC board retreat.
“I am a big proponent of the way they operate. I like their style. Beth Davis came in and led a fantastic meeting, and a few weeks later one of our board members had to host his own meeting. I walked past the room and the chairs were in a circle with a talking piece in the middle,” he says. “If that doesn’t show the kind of respect we have for Dakota Resources, I don’t know what does.”
Capital Investment Fund Most Recent Annual Impacts:
- 26 loans outstanding for a total of $15,295,225
- Three new loans totaling $2,076,000
- Total loan commitments of an additional $570,000
- Total pre-approved and approved loans of an additional $5,950,000