The Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) awarded Grow South Dakota $1.826 million under the Community Development Financial Institutions Rapid Response Program (CDFI RRP, CFDA 21.024) from June 15, 2021 to June 30, 2023. The CDFI RRP aims to support Community Development Financial Institutions' (CDFIs) ability to address the economic impacts of the coronavirus pandemic. Under this award, Grow South Dakota will utilize the funding to support, prepare for, and respond to the pandemic's economic effects in South Dakota through the delivery of CDFI services. Key services may include providing financial and development products to underserved communities and populations, small businesses, and non-profits impacted by the pandemic. The award will also help Grow South Dakota strengthen its capacity to fulfill its CDFI mission during this challenging time.
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