U.S. Division of Agriculture (USDA) Rural Growth South Dakota State Director Nikki Gronli introduced this month (Dec. 14, 2022) that the Division is investing $671,776 to assist create new and higher market alternatives and increase important companies for rural individuals, enterprise and entrepreneurs in South Dakota.

“Rural Growth is making investments in applications particularly designed to create financial alternatives for individuals and companies in rural areas,” stated Gronli. “The experience demonstrated by these recipients assist rural South Dakotans achieve creating new and higher market alternatives all through the state.”

The Rural Microentrepreneur Help Program funding will assist maintain assets and wealth made by rural residents proper at dwelling by way of inexpensive financing and technical help. It should assist rural South Dakotans begin companies and permit small enterprise homeowners to develop. It should additionally open the door to new financial alternatives for communities and individuals who traditionally have lacked entry to essential assets and financing.

This announcement supplies funding for:

  • Mobridge Financial Growth Company will obtain $35,023 to offer an annual technical help grant to assist the preliminary RMAP revolving mortgage fund awarded in 2010. Funds will likely be used to offer technical help and coaching to rural microentrepreneurs and microenterprises.
  • 4 Bands Group Fund Inc. will obtain $56,682 to offer an annual technical help grant to assist the preliminary RMAP revolving mortgage fund awarded in 2011. Funds will likely be used to offer technical help and coaching to rural microentrepreneurs and microenterprises.
  • Northeast South Dakota Financial Company (NESDEC) will obtain $49,432 to offer an annual technical help grant to assist the preliminary RMAP revolving mortgage fund awarded in 2010. Funds will likely be used to offer technical help and coaching to rural microentrepreneurs and microenterprises.
  • Glacial Lakes Space Growth This Rural Growth funding will likely be used to offer an annual technical help grant to Glacial Lakes Space Growth to assist the preliminary RMAP revolving mortgage fund awarded in 2011. Funds will likely be used to offer technical help and coaching to rural microentrepreneurs and microenterprises.



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