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Posts tagged: Pine Ridge

CDFI – Important Part of Infrastructure

The 8th Annual Governor’s Native American Summit was held last week at Utah Valley University in Salt Lake City, Utah.  Utah’s Rural Development State Director Wilson “David” Conine wanted to share with attendees the importance a community development financial institution (CDFI) can play in tribal development.  He turned to his counterpart, South Dakota Rural Development State Director Elsie M. Meeks who has over 20 years of experience working for Native community economic development.

Meeks recognized CDFI as an important part of the infrastructure for delivering consistent funding for housing and small business development activities that benefit low and moderate income people.  They combine multiple sources of public and private capital in order to make loans and investments available in ways tailored to the particular underserved geographies and types of businesses or borrowers.  Developing capacity among these types of organizations can increase utilization of USDA programs in a region, many of which provide long-term below-market capital for permanent improvements in rural areas. Read more »

Red Cloud Indian School Uses Recovery Act Funds to Spark Advancement

The Red Cloud Indian School is located about five miles north of Pine Ridge, South Dakota.  The Pine Ridge Indian Reservation and Shannon County are often listed as being among the poorest areas in this Nation.  Within this Third World environment the school provides a safe learning environment for Native American students.  The American Recovery and Reinvestment Act (ARRA) that President Obama signed into law in February will help provide a much-needed economic boost to this rural area.  Recently, I joined Area Director Tim Potts to present the School with federal funds totaling $941,000. The money will be used to provide teacher housing, a new heating and cooling system and a sewer lift station at the school. The money is a combination of Recovery Act funds and dollars from USDA Rural Development’s standard allocation to South Dakota. Read more »