Dakotas America provides vital funding for regional projects

The U.S. Treasury Department Community Development Financial Institutions (CDFI) Fund awarded $50 million in New Markets Tax Credit (NMTC) allocations to Dakotas America in 2006 and $80 Million in 2008 to stimulate private sector investment in distressed communities in North and South Dakota to help stimulate economic growth and create jobs.

The following projects were financed in part through the New Market Tax Credit program.

Dakotas I: The South Dakota Wheat Growers’ McLaughlin Grain Processing Elevator	Dakotas II & III: West Bowdle Grain Terminal
Dakotas IV: Standing Rock Telecom Tower	Dakotas V: The South Dakota Wheat Growers’ Berlin, Oaks, McLaughlin Locations