Tag: economic development
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Breanna Beebe of Castlewood and her colleague, Heidi McBride, were sent to RuralX17 by their employer and one of the event’s Rural Inspiration Sponsors, First Premier Bank. That “inspiration” turned out to be the real deal. Breanna left RuralX17 with her inaugural idea of a Castlewood Main Street beautification project in the form of a “shop local” mural painted on the side of the community grocery store. She was able to get approval from the grocery store owner. The Arts Council agreed to paint it. The City Council paid for supplies.
Since our last check in with Breanna, the community of Castlewood has formed an Economic Development Board of Directors. With new goals focused on developing Castlewood, the group took their first step as a board to invite local business owners to a Shop Local … Read More »
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 forty minutes away. It’s a problem many rural areas face—and it’s one of the reasons Horizon Health Care exists in South Dakota.
“We currently provide medical, dental and mental health care services to 31 clinics in 22 communities across South Dakota,” explains John Mengenhausen, CEO of Horizon Health Care. “Just like decent housing and good paying jobs, having access to medical and dental services is important, especially if that access is in danger of going away.”
In the case of Wessington Springs, Horizon Health Care was able to help the community’s longtime dentist transition into retirement by providing two full-time Horizon dentists to the area.
“It’s generally easier to work with an existing clinic that needs our … Read More »
Ask Jay Headley what Dakota Resources’ biggest accomplishments were for 2016, and he will rattle off a list that includes providing capital to assist with rural building projects, new housing developments, land purchases, the opening of new businesses and collaborative partnerships.
However, one of his favorite highlights was finalized at the end of the year and involves a partnership between Dakota Resources and US Department of Agriculture Rural Development (USDA). USDA named Dakota Resources as a “re-lender” of $10 million in federal funds to help spur economic development opportunities and reduce rural poverty in South Dakota communities. The funds will be used to improve essential facilities in low income rural areas, such as health care facilities, child care centers, town halls, assisted living centers, transitional housing, street improvements and educational facilities.
“Dakota Resources is only one of a handful of Community Development Fund Institutions … Read More »
Sometimes, a move forward requires a step back.
That’s exactly what Nick Fosheim, Executive Director of the Lincoln and Minnehaha County Economic Development Associations, decided to do in 2016.
“We have been a regional economic development collaborative for about fifteen communities around Sioux Falls for twenty-five years,” says Nick. “Many things have changed since we started, and we decided it was time to take stock of where we’ve been and where we want to go. We wanted some clear perspective, and that’s what Dakota Resources helped provide.”
Nick knew about the value of Dakota Resources because of his previous employment with economic development in Webster and their involvement in Dakota Rising.
“I respected the process and their ability to engage a community,” he says. “We decided to partner with Dakota Resources through Empower! Dakota in an effort to build a strategic plan for Lincoln and Minnehaha counties.”
The Lincoln … Read More »
“Get the right people on the bus, the wrong people off the bus, and the right people in the right seats.” Jim Collins’ quote from Good to Great is now famous, and powerful in its simplicity and logic. Yet it is not easy to accomplish.
Dakota Resources (formerly South Dakota Rural Enterprise) operated out of my home office for many years with contract administrative support and a contracted credit officer. We started out with the Capital Investment Fund as our only product. We were purely a financial institution making capital available to development organizations in South Dakota. We have become so much more by being responsive to the needs of our market and being willing to take calculated risks to meet those needs. None of it would have been possible without the caliber of the members of our board of directors … Read More »