Programs

  • Program 1 [2020]

    THROUGH CAPITAL PRODUCTS, DAKOTA RESOURCES HELPS BUILD THE FINANCIAL CAPACITY OF RURAL ECONOMIC DEVELOPMENT CORPORATIONS AND REVOLVING LOAN FUNDS. THE CAPITAL INVESTMENT FUND (CIF) IS A $24.9 MILLION LOAN FUND MAKING FLEXIBLE CAPITAL AVAILABLE TO FINANCE LOCAL DEVELOPMENT PROJECTS. THE CIF WAS 91% DEPLOYED AT THE END OF 2020. THE CIF IS THE ECONOMIC ENGINE OF DAKOTA RESOURCES, GENERATING A 2% MARGIN. MORE IMPORTANTLY, IT IS A SIGNIFICANT SOURCE OF FLEXIBLE CAPITAL FOR RURAL ECONOMIC DEVELOPMENT CORPORATIONS AND REVOLVING LOAN FUNDS IN THE STATE, PROVIDING REASONABLY PRICED 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 TOSECOND-STAGE SMALL BUSINESS OWNERS ACROSS THE STATE OF SOUTH DAKOTA.
    Geographies
    Not indicated
    Dates
    Jan 1, 2020 – Dec 31, 2020
    Source
    990
    No causes provided
    No populations provided
    –
    $781.5K

  • Program 2 [2020]

    THROUGH CAPACITY BUILDING, DAKOTA RESOURCES HELPS RURAL COMMUNITIES THRIVE THROUGH INNOVATIVE PROCESSES, TOOLS, TRAINING, AND RESOURCES. THE DEVELOPMENT SERVICES PROGRAMS ARE DESIGNED TO ENHANCE RURAL ENTREPRENEUR AND BUSINESS DEVELOPMENT, RURAL HOUSING DEVELOPMENT, AND COMMUNITY AND LEADERSHIP DEVELOPMENT. THE DAKOTA RESOURCES LEARNING NETWORK IS DESIGNED TO HELP RURAL COMMUNITIES AND RURAL ECONOMIC DEVELOPMENT LEADERS CONNECT AND ENGAGE WITH ONE ANOTHER IN ORDER TO EXPLORE AND LEARN MORE ABOUT TOPICS THAT MATTER MOST TO RURAL ECONOMIC AND COMMUNITY DEVELOPMENT: ENGAGING PEOPLE, SUPPORTING HOUSING DEVELOPMENT, SUPPORTING LOCAL BUSINESSES AND MANAGING LOCAL ECONOMIC DEVELOPMENT ORGANIZATIONS.THE DAKOTA RESOURCES LEARNING NETWORK MEMBERSHIP ALLOWS LOCAL ECONOMIC DEVELOPMENT LEADERS TO CONNECT WITH OTHERS THROUGH A VIBRANT ONLINE COMMUNITY OF RURAL CHANGE LEADERS THAT INCLUDES:- TWO LIVE/ON-DEMAND WEBINARS EACH MONTH- PEER-TO-PEER LEARNING VIDEO CONFERENCES 6 TIMES PER YEAR - WEEKLY ONLINE INTERACTIVE STORIES AND BEST PRACTICES- OPEN SOURCE TOOLKIT AND RESOURCE LIBRARY ACCESSTHE COMMUNITY COACHING PROGRAM IS A 24 MONTH PHASED COACHING PROCESS THAT MAXIMIZES A COMMUNITY'S APPROACH TO EMPOWERING LOCAL PEOPLE AND ORGANIZATIONS TO LEAD ACTION. ON-DEMAND COACHING SERVICES PROVIDE ACCESS TO CAPACITY-BUILDING TOOLS AND PROCESSES ON AN ONGOING OR AD HOC BASIS.
    Geographies
    Not indicated
    Dates
    Jan 1, 2020 – Dec 31, 2020
    Source
    990
    No causes provided
    No populations provided
    –
    $800.5K

  • Program 3 [2020]

    DAKOTA RESOURCES HAS 51% OWNERSHIP IN DAKOTAS AMERICA, LLC, WHICH WASFORMED THROUGH A JOINT VENTURE SOLELY FOR THE PURPOSE OF APPLYING FORALLOCATIONS 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 FIVE ALLOCATIONS OF AUTHORITY TO ISSUE $400,000,000 OF QUALIFIED EQUITY INVESTMENTS (QEI).
    Geographies
    Not indicated
    Dates
    Jan 1, 2020 – Dec 31, 2020
    Source
    990
    No causes provided
    No populations provided
    –
    $188.4K