ED  Dakota Resources

http://www.dakotaresources.org/





     Office Locations:

25795 475th Avenue, Suite 1
Renner, SD 57055
Phone: 605-978-2804
Fax: 605-978-2805

 

Stages:

  • Early


 

Industries:

  • Food & Agriculture

  •  

    Description:

    Dakota Resources, formally South Dakota Rural Enterprise, serves South Dakota with financing programs such as the Capital Investment Fund and the South Dakota Community Capital Fund for community development institutions, revolving loan funds and economic development corporations, and by bringing new products and services into the rural economic development market. This initiative offers several financing and training opportunities as well as networking possibilities. Through these programs, Dakota Resources researches and adapts strategic products, services and training programs from other states and agencies to the specific needs of South Dakota: test-marketing new strategies in pilot programs, defining parameters and determining their potential for local success. The Dakota Resources Capital Investment Fund (CIF) builds financial capacity of South Dakota's Economic Development Corporations and Revolving Loan Funds who finance local development projects. The Capital Investment Fund loans out $50,000 minimum with a 10 year term. Dakota Resources is a certified CDFI by the United States Department of Treasury.



    Investment Firm Key

       VC = Venture Capital
       PE = Private Equity
       A = Angel
       I = Incubator
       MB = Merchant Bank
       VD = Venture Debt
       FI = Family Investment Office
       FOF = Fund of Funds
       ED = Economic Development Office   
       TT = Technology Transfer Office
       CVC = Corporate Venture Capital
       SEC = Secondary Purchaser
       HF = Hedge Fund/Mutual Fund
       
       
       
    COMPANY STAGEREVENUE
    Venture Capital
    Seed Stage
    (includes "pre-seed," or
    concept stage)
    No Revenue
    Early StageMinimal
    Revenue
    Growth Stage
    (also called Mid-stage)
    $2M-$7M
    Expansion Stage
    (also called Late-stage)
    $7M and greater
    Private Equity
    Lower Middle Market$10M-$249M
    Middle Market$250M-$499M
    Upper Middle Market$500M-$1B
    Large Cap>$1B
       
       
     

    Investment Team:


    Name   Title
    Get the complete investment team + individual email addresses for investment team partners. Get personal images, LinkedIn links, investment specialties, office locations and more with a National Database subscription.
    Beth E. Davis President
    Cheryl Leasure Communication and Event Coordinator
    Dick Werner Credit Officer
    Jamie Sponer Director of Connections
    Jay Headley VP of Finance

     

    Portfolio companies include:


      Aberdeen Development Corporation
        web link


      De Smet Development Corporation
        web link


      Greater Huron Development Corporation
        web link


      GROW South Dakota
        web link


      Lake Area Improvement Corp
        web link


      The Beadle and Spink Enterprise Community
        web link


     

    Recent News: