Tag: GROW South Dakota
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Over the last 30 years, federal community development spending has plummeted by almost 75 percent, measured as a share of the U.S. Gross Domestic Product (GDP). Fortunately, there are some programs with strong track records that have remained to provide necessary financing in capital-starved communities and to low-income people. The U.S. Treasury Department’s Community Development Financial Institutions Fund (CDFI) Programs, which was established in 1994, is one of these tools many communities have come to depend on for access to capital—especially rural and farming towns in the Midwest. Despite CDFI Fund Programs’ record of success and strong bipartisan support from Congress, this tool has come under threat, with the 2018 President’s budget calling for the elimination of funding.
In July 2017, 40 rural development leaders from five states came together to discuss rural economic and community development financing and the impact it … Read More »
In the fall of 2016, a group representing Dakotas America gathered inside Rockyford School’s Cultural Heritage room to listen as teachers told stories of hope for the future of Pine Ridge.
“Principal Monica Whirlwind Horse and her staff took us on a wonderful tour of the school and then brought us together in their Cultural Heritage room, a large circular space filled with artifacts and cultural displays. She told us the meaning behind the buffalo hide in the center of the circle,” explains Lin Van Hofwegen, Managing Director of Dakotas America. “In the past, the buffalo provided everything they needed – food, shelter, warmth. Today, she told us, education is our buffalo.”
Learning more about the projects Dakotas America and its investor partners help finance through the New Markets Tax Credit program is important to the governing board and advisory board … Read More »