Dakota Resources

Through community development loan products, Dakota Resources helps build the financial capacity of rural economic development corporations and revolving loan funds. Our capital investment fund (cif) is a $31.1 million lending pool making flexible capital available to finance local development projects. The cif was 93.7% deployed at the end of 2022. It is a significant source of flexible capital for rural economic development corporations and revolving loan funds in the state, along with rural cdfis across the nation, providing reasonably priced, unsecured capital on a ten-year interest-only term.dakota Resources received a $10 million allocation from usda rural development under the community facility re-lending program to re-lend into essential community facilities in communities under 20,000 across south Dakota. Through this program, Dakota Resources has invested $4.75 million to provide essential community facilities in rural south dakota.dakota Resources rbeg loan fund provides flexible low-cost capital to second-stage small business owners across the state of south Dakota.

Dakota Resources owns 51% of dakotas america, llc, which was formed through a joint venture solely for the purpose of applying for allocations of new markets tax credits (nmtc) from the us department of treasury cdfi fund. Dakotas america, llc is a rural community development entity (cde) with a national service area. The mission is to provide nmtc investment to the most isolated, distressed and underserved areas of the united states. Dakota Resources has a seven-year management agreement in place to manage dakotas america through december 31, 2023. Since inception, dakotas america has been awarded seven allocations of authority to issue $460,000,000 of qualified equity investments (qei).

Through capacity building programs, Dakota Resources helps rural communities thrive through innovative processes, tools, training, and Resources. The development services programs are designed to enhance rural community and economic development leadership development. The Dakota Resources learning network is designed to help rural economic development leaders connect and engage with one another in order to learn faster together about topics that matter most to rural economic and community development, including engaging people, supporting housing development, supporting local businesses and managing local economic development organizations. The learning network includes: - live/on-demand webinars - in-person peer-to-peer learning conferences - weekly online interactive stories and best practices - open-source toolkits and resource library our community coaching program helps rural community and economic development leaders to level up their skills to empower local people and organizations to lead action. On-demand coaching services provide access to capacity-building tools and processes.ruralx is an annual conference that brings together community leaders and spirited people who think differently about rural. This high-energy event features inspirational speakers, bold breakout sessions, and opportunities to network with like-minded individuals. Ruralx is a space for rural shapers to explore ideas and discuss topics relevant to their communities.