Tag: economic growth
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In 2010, the Faulkton area began rewriting its story with an “all-in” dedication to growth and a positive community atmosphere. The ambitious rural community has been adding exciting new chapters to their story ever since. Their latest ends with Faulkton being named the 2016 Dakota Rising Innovative Site of the Year, which was awarded for a long list of community accomplishments as well as innovative plans for the future.
“All of our growth and development started with Dakota Rising,” says Trevor Cramer, Economic Development Director for Faulkton. “We are far from done…in fact, we’re just getting started. Our latest venture is the collaboration between the Faulkton Business and Professionals Association and the Business/Entrepreneurship pillar of the Faulkton Area Economic Development Corporation (FAEDC)—which comes directly from Dakota Rising.”
That collaboration grew from a brainstorm session being led by Dakota Rising Community Coach … Read More »
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 »