Dakota Resources received a $549,475 project grant award from the Department of the Treasury's Community Development Financial Institutions Fund Equitable Recovery Program to expand lending, grant making, and investment activities in low- and moderate-income communities disproportionately impacted by the COVID-19 pandemic. As a non-profit community development corporation, Dakota Resources will use the April 10, 2023 award to increase access to credit and provide $500k+ in loans, grants and investments through December 31, 2028 for underserved groups including minorities in rural South Dakota communities. The CDFI ERP aims to support Community Development Financial Institutions in responding to economic impacts of the pandemic in hard hit areas and populations. This funding will allow Dakota Resources to further its mission of building rural communities through financial services, leadership initiatives and infrastructure development.
Generated 2/6/24, 9:25 AM