The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program awarded a $1,110,000 Project Grant to Dakota Resources, a non-profit community development corporation located in South Dakota. The grant, awarded on September 26, 2024, will support Dakota Resources' efforts to promote economic revitalization and community development through investments and assistance to certified and emerging CDFIs.
Specifically, the funding will enable Dakota Resources to provide monetary awards and training opportunities to CDFIs, empowering them to grow, achieve organizational sustainability, and drive community revitalization, particularly in Native American communities. The grant will fund initiatives to create jobs, build businesses, and foster economic self-determination in underserved areas. The award is part of the CDFI Program's broader efforts to expand access to credit, financial services, and community facilities in distressed rural regions and populations.
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