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$300,000 in grants
$80,000 in loans
$54,000 in sponsorships
Drive across our rural landscape in any direction and chances are you’ll find an Avera facility. Whether it’s a hospital, clinic or other health care service, Avera has a presence in 86 counties across the region. This rural commitment is part of the health care system’s longstanding mission of “providing access to health care and specialists in rural and underserved communities.”
“Dakota Resources and Avera have very similar values,” says Rachael Sherard, Senior Vice President of Avera Rural Health Services. “We invest in Dakota Resources because they invest in rural. Helping sustain and build strong rural communities is vital to a good health care system and a good health system is vital to a strong rural community. All boats rise if we work together.”
Recent Capital Investment Fund investments in rural communities like … Read More »
Look around the small community of Centerville and you’ll see a success story in the making.
According to Jared Hybertson, the community’s Economic Development Coordinator, much of the progress and innovation happening in Centerville was sparked by RuralX.
“Almost everything we’ve done in the past two years goes back to RuralX,” he says. “It’s an event that really re-energizes us and makes us think outside the box.”
Here are just a few of the things Centerville has been doing to improve and enhance their community:
After being encouraged by youth engagement stories at RuralX, the community is in the process of setting up a Youth Advisory Board that reports to the Centerville Development Corporation.
Deb Brown and Becky McCray’s RuralX presentation about finding opportunities in empty downtown buildings inspired Centerville to host pop-up businesses inside a vacant building that is for sale. The pop-ups helped … Read More »
“I’ve been working with financial people for over 25 years and the staff at Dakota Resources is absolutely top notch,” explains Barry Cranston, Executive Vice President of the Greater Huron Development Corporation. “They’re extremely knowledgeable and easy to work with. They bend over backwards to make things happen.”
Dakota Resources works hard to make good things happen for our rural communities and it’s rewarding to be recognized. While we love a good compliment, we also love a good success story—and we’ve got several from the Greater Huron Development Corporation. The good folks in Huron have been with us almost from the beginning and we are proud to be a part of the positive progress happening in the area.
Over the years, Dakota Resources has provided Capital Investment Funds to assist the Huron community with a variety of projects, including:
The development of a residential neighborhood on Broadland Creek Golf … Read More »
During the Fall of 2017, ground was broken and construction began on additions and renovations to Andes Central schools in Lake Andes, SD. The multi-million dollar project is being funded in part by Dakota Resources through the US Department of Agriculture (USDA) Community Facilities Re-lending program.
“Lake Andes has been working toward this for well over a decade,” explains Jay Headley, VP of Finance at Dakota Resources. “Their current schools were built in the 1950s and needed some serious overhauls. This will be a great community asset to Lake Andes and something that will benefit them for years to come.”
Dakota Resources is one of a handful of Community Development Fund Institutions (CDFIs) in the nation to be named a partner in the program, and received a $10 million award in 2016. The funds are designed to help spur economic development opportunities … Read More »
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 »