Rural cooperative development initiative grants

The U.S. Department of Agriculture awarded a $500,000 Project Grant on September 26, 2023 under the Community Facilities Loans and Grants program (CFDA 10.766) to Dakota Resources, a non-profit community development corporation in South Dakota. This grant enables Dakota Resources to construct, renovate, and improve essential community facilities such as healthcare clinics, childcare centers, and other public infrastructure projects to serve rural residents. Additionally, the funding supports Dakota Resources' efforts to expand lending and financial services to underserved groups and advance rural cooperative development initiatives in economically distressed areas across South Dakota. This award builds upon Dakota Resources' prior sub-awards from the Community Development Financial Institutions Fund to increase access to credit and financial services in underserved markets.