Tag: economic development


We look forward to keeping you up-to-date with newsletters, resources and other leadership development materials. Check back often and help us spread the word by sharing these articles with your friends on Facebook, LinkedIn or Twitter!

Bringing quality health care to rural South Dakota

Blog, News & Events on September 15th. Comments Off on 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 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 »


Partnering with USDA in $10 Million Re-lending program

Blog, News & Events on July 20th. Comments Off on Partnering with USDA in $10 Million Re-lending program

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 »


Lincoln and Minnehaha counties plan for the future

Blog, News & Events on July 13th. Comments Off on Lincoln and Minnehaha counties plan for the future

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 »


Getting the Right People on the Bus

Blog, From the President, News & Events on May 30th. Comments Off on Getting the Right People on the Bus

“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 »


Clint Waara Joins Dakota Resources as Vice President of Business Development

Blog, News & Events on September 18th. Comments Off on Clint Waara Joins Dakota Resources as Vice President of Business Development

Clint Waara has been named the new Vice President of Business Development for Dakota Resources and Dakotas America LLC. A statewide, private, not-for-profit rural development organization, Dakota Resources serves all of South Dakota with the capacity to initiate model programs, broker projects and organize coalitions around rural development issues.

A partnership of Dakota Resources and the North Dakota Rural Development Finance Corporation, Dakotas America assigns New Markets Tax Credit allocations for approved investments in qualifying projects located in rural, highly distressed low-income communities in the United States.

In his new position, Waara communicates the capabilities of Dakota Resources and Dakotas America to investors, communities, government agencies and other strategic partners. He works with Dakota Resources President Beth Davis and Dakotas America Managing Director Lin VanHofwegen to bring the products and services of both organizations to economic development groups and communities ready to invest in … Read More »


x

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.

 

Hot Springs Community Rec Center planning moving forward

SHCRI announces three options

HOT SPRINGS – Following a Community Engagement Gathering on Jan. 24, 2016, and after months of research and clarifying the...

Centerville opens doors for a local entrepreneur

Armed with community feedback, business surveys, business planning assistance from the Centerville Development Corporation, and a desire for more dining options in Centerville,...

Month three: Tripp kicks it out of the park!

The Tripp Action Group (TAG) formed after RuralX as a way to help bring the community together and enhance the quality of life...