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After nearly 20 years of serving rural South Dakota with low-interest economic and community development loans, the Dakota Resources Capital Investment Fund is taking its first step toward a national expansion.
“There is a big need for rural capital in other markets,” explains Beth Davis, President of Dakota Resources. “Very few organizations do what we do as far as providing unrestricted, low interest loans to help rural economic development corporations improve their communities.”
The first Capital Investment Fund loan outside South Dakota was for $2 million to the Entrepreneur Fund based out of Duluth, Minnesota. The first $1 million was allocated in June and is being used to support small businesses and entrepreneurs across northeastern Minnesota and northwestern Wisconsin. The Entrepreneur Fund and Dakota Resources share a common goal of developing rural communities.
“Dakota Resources and the Entrepreneur Fund have a shared … Read More »