Tag: rural finance
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In April, more than 20 rural economic development groups gathered in Harrisburg, South Dakota, for the “Upper Great Plains Rural Finance Gathering.” The members of this diverse group work to increase access to education, healthcare, jobs, and other key services in rural communities across the nation. The group shared insights, success stories, and tackled many of the challenges facing rural community development. The hot topic? Protecting key federal community development programs most effective at supporting rural communities.
Congress finally passed an omnibus bill last week to fund the federal government for the remainder of Fiscal Year 2017. Now, Congress quickly turns to its work on 2018, which is presently underway. In addition, both President Trump and Congress are working to move along tax reform.
Community development organizations are watching these processes from the edges of their seats—and with good reason. The Administration’s … Read More »
Federal community development funding, as measured as a share of GDP, has declined by 75 percent over the least 40 years. Federal policy has increasing relied on private-sector resources to fill the gap. Through the NMTC and CDFI programs, community development organizations are filling the yawning credit gap encountered in many communities, creating jobs improving housing and community facilities and creating economic opportunity. This is especially true in rural America where opportunity to access the capital necessary to build businesses and community services is limited.
On April 11, 2017, Dakotas America hosted the Upper Great Plains Rural Finance Gathering in Harrisburg, South Dakota. In all, there were over 30 attendees representing more than 20 economic development groups from across the region, as well as other areas around the country. The stated purpose of the gathering was for participants to learn from … Read More »