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First National Bank has provided a $2 million Equity-Equivalent Investment to the Dakota Resources Capital Investment Fund, announced Jeff Jones, Market President, First National Bank.
The $2 million investment, which includes the renewal of an existing $700,000 Equity-Equivalent Investment from the bank plus an additional $1.3 million, reflects First National Bank’s commitment to building strong local economies in the South Dakota rural market.
The investment will be used as loan funds to support businesses, affordable housing and other community development projects in the rural South Dakota counties of Yankton, Bon Homme, Beadle, Davison, Sanborn and Hanson through Dakota Resources Capital Investment Fund loans to development organizations serving those markets.
“At First National Bank, we believe that a successful community is one that is home to local businesses of all sizes and types that produce a variety of goods and services. That’s why we … Read More »
The need to recruit and retain rural practitioners is a huge part of solving our rural healthcare provider shortage.
Dakotas America is working to be a part of that solution.
Thanks in part to the help of Dakotas America, pre-medical students from rural North and South Dakota have another avenue for a high-quality education. The Edward Via College of Osteopathic Medicine (VCOM), with its three campuses, is one of the most innovative medical colleges in the country, with cutting-edge technology, facilities, and experienced faculty.
Dakotas America attracted private investment through the federal New Markets Tax Credit program to help fund the construction of the newest 16 acre VCOM branch campus located in Auburn, Alabama, which opened for its inaugural class in July 2015. Students accepted into the program are asked to maintain VCOM’s mission of becoming community focused, globally minded osteopathic physicians … Read More »