Northeast South Dakota Economic Corporation Stories and Data

CDFIs have been a vital role in our community by providing low-cost capital to businesses. Capital is not readily available in the rural area I live, so it’s imperative that CDFIs continue to receive funding that helps support small businesses and continue to grow small communities.

We are a nonprofit Chamber of Commerce that does microlending for small businesses. We work with a CDFI bank and are trying to get CDFI certification.

CDFI are critical in our outline areas. The focus areas and collaborative efforts with tribal members continue to be a success.