News & Events

Starting a business can be overwhelming, and financing is just one piece of the puzzle. Fortunately, GROW South Dakota has knowledgeable staff who are ready to help you get started. When Derek Diedrich, owner of Fun Time Rentals, was planning his venture, he sought advice from a local banker who recommended the GROW South Dakota business loan program. Reflecting on their journey, Derek shared, "We had never owned our own business. Now, we own two: Fun Time Rentals and Fun Time Adventures." He added, "We started as a seasonal rental company offering just boats, campers, and jet skis. Now, we've...

A Legacy of Support for Business OwnersGROW South Dakota continues its mission to support business owners through loans and business technical assistance. This dedication to fostering economic growth remains steadfast, ensuring businesses have access to the resources they need to succeed.  Mark Nelson, Senior Business Loan Officer at GROW South Dakota, says, "Our mission is to empower local entrepreneurs by providing them with the financial tools and guidance they need to succeed. We are committed to helping businesses thrive and contribute to the economic prosperity of our communities."Affordable Business Financing StatewideAs a statewide lender, GROW South Dakota offers affordable business...

After 28 years in the business, Anthony Schwan, owner of Anthony Jewelers, fell ill and had to sell his business to keep up with his medical expenses. After some time had passed, he was able to move back to Aberdeen and restart his business. His finances looked grim, but with the help of GROW South Dakota, he was able to get back on his feet after being closed for two and a half years.  Anthony utilized GROW South Dakota’s business loan services and the digital literacy platform, Initiate. Initiate gave him a renewed sense of independence in today's digital age...

June marks National Homeownership Month, a time to recognize homeownership's pivotal role in building strong communities and fostering economic stability. For many, owning a home is more than just having a place to live; it represents a cornerstone of the American Dream, providing stability, a sense of belonging, and an opportunity to build wealth. GROW South Dakota, a statewide non-profit organization, is dedicated to making this dream a reality for the residents of South Dakota. Through a range of programs and services, GROW South Dakota empowers individuals and families to achieve and sustain homeownership, contributing to the economic development of...

With the Wind Vineyard & Winery, nestled in a remote rural setting, embraces the challenges and opportunities of pioneering a vineyard and winery in an area devoid of such industry. Owners, Jeremiah & Lisa Klein stated, “Starting a vineyard and winery where that industry does not already exist has challenges. We have a heart for our area and region, so we are building our business here. We love where we live and wouldn’t change a thing.”In their journey, With the Wind Vineyard & Winery found invaluable support from GROW South Dakota. Rejecting other offers that could have hindered their growth,...

Discover how you can contribute to the change by enrolling in our Homebuyer Education course today. This program is designed to empower you with the knowledge and tools necessary to navigate the path to homeownership successfully. GROW SD believes in fostering informed, confident homeowners, and we invite you to join us in creating a brighter future for yourself and the communities we serve. Enroll now, and let the journey to homeownership begin!  #GROWSD #HomeownershipJourney

Sisseton Mayor, Terry Jaspers: "Any time we can make new housing or improve existing housing, there is a positive impact. We have new housing available to aid in recruiting new professionals to our health care and school systems. GROW SD has been the most effective in developing new housing in Sisseton in recent years. It takes a combined effort by several stakeholders in a community to impact available housing."Sisseton, South Dakota, has witnessed a significant housing development initiative led by GROW SD, which addresses crucial community needs and fosters positive change. In an exclusive interview with the COO of GROW...

Navigating the diverse landscape of home financing is made simpler with GROW SD's Down Payment Assistance program. Designed to support aspiring homeowners, our program allows for seamless integration with various eligible loan types. GROW SD ensures flexibility by partnering with approved first mortgage lenders. GROW SD's DPA: Funding Insights for Your Home Sweet Home!Embrace your homeownership journey confidently, knowing that GROW SD accommodates various loan options tailored to your needs. Find out more here.  #GROWSDAssistance #HomeownershipOptions

Economic Development Week (EDW) is an annual event celebrated between May 6 and May 10. Established by the International Economic Development Council, it serves as a reminder of economic development initiatives' impact on communities, businesses, and individuals, fostering growth and opportunity. In South Dakota, one organization stands out for its commitment to advancing housing, community, and economic development—GROW South Dakota.Maureen Nelson, Senior Program Director, GROW South Dakota, says, “At GROW South Dakota, we believe economic development and growth are essential to building resilient, thriving communities. By investing in local businesses and providing support through lending and coaching, we empower entrepreneurs...

Your Path to Homeownership Starts Here: GROW SD's Trusted Counseling Services.As an organization committed to empowering individuals to achieve their homeownership goals, GROW SD invites you to enroll in its Homebuyer Education course. Our online courses are designed for convenience, offering expert counseling to ensure you're well-equipped for the journey ahead. The key to your dream home is within reach—take the first step by signing up for our Homebuyer Education now. Sign up here!  #GROWSD #HomeownershipGoals 

If used with other Down Payment assistance programs, GROW South Dakota's DPA has certain restrictions. Each DPA program has specific requirements for the amount/layering of assistance.The Key to Your Dream Home: GROW SD's DPA Funding Decoded!Starting on the path to homeownership may seem uncertain, but with GROW SD's Down Payment Assistance program, clarity is just a click away. Need more certainty about the amount you qualify for? Various factors, including your location, income, and the availability of funds, play a pivotal role in determining your eligibility. We understand the importance of tailoring assistance to your needs at GROW SD. Your...

Empowering Dreams: GROW SD’s Homebuyer Education CourseAs we reflect on our journey, we invite you to join us in making your homeownership dreams a reality. Enroll in our Homebuyer Education course and empower yourself with the knowledge and tools to navigate the path to homeownership successfully. At GROW SD, we are dedicated to helping you achieve your homeownership goals.  Ready to take the first step? Join us on this exciting journey!  Sign up here!  #GROWSD #HomeownershipGoals

Investing in Communities: GROW SD's Holistic Approach to Housing AssistanceGROW SD offers comprehensive support, from counseling to loans, ensuring that every step of your homeownership journey is covered. Now, take the leap towards owning your dream home by signing up for Homebuyer Education. Let's build a future filled with thriving communities and fulfilled dreams together.  Enroll now, and let the journey to homeownership begin!  #GROWSD #CommunityImpact #HomeownershipJourney

Curious about eligibility for GROW SD's DPA program? Secure financing from our approved lenders, meet income requirements, and complete a Homebuyer Education Course. Check out all the criteria here.  #SDRealEstate #GROWSD Eligibility Criteria for GROW SD’s DPA ProgramSeveral factors are affected by the amount you may qualify for, such as whether you are purchasing in a rural or urban area, what your household income is, and what funds GROW SD currently has available. For instance:You must have secured financing from a GROW SD-approved First Mortgage Lender (https://www.growsd.org/housing).The loan terms must meet specific criteria, such as no adjustable rate mortgages, which cannot...

HH Design Employees Maggie Gefroh and Nicole Ingvalson, Owner Hillarey Warner, and GROW SD CEO Marcia EricksonHillarey Warner owner of HH Design in Britton, South Dakota, was selected to be the U.S. Small Business Administration’s South Dakota 2024 Young Entrepreneur of the Year, after being nominated by GROW SD.After graduating from Northern State University with a BA in Advertising Design, Hillarey decided to return home and support the small community she grew up in. Hillarey began her business in 2014, in her home, but quickly realized she would need a much larger space to work in. She began leasing a...

Exciting News from GROW SD! Learn about our Down Payment Assistance program, providing 0% deferred loans up to $10,500 for your dream home!Unlock Your Homeownership Journey! Discover the factors that impact your eligibility for GROW SD's Down Payment Assistance program. Whether you're buying in a rural or urban area, your household income and our available funds play a role. Funding typically ranges from $5,000 - $7,500, provided as a 0% interest, deferred loan that follows the terms of your first mortgage.Unlock Your Homeownership Journey with GROW SD’s Down Payment Assistance!Down Payment Assistance (DPA)  is a 0% deferred loan (this is...

It was a journey filled with ups and downs, but Alexis's dream of purchasing her first home became a reality with the help of GROW South Dakota. Her story is a testament to the organization's commitment to supporting individuals on their path to homeownership.Alexis had always dreamed of having a place to call her own, a space where she could build memories, and a house she could truly make into a home. However, it was a challenge to save for a down payment and navigate the complex home-buying process.That is when she discovered GROW South Dakota and its down payment...

More than 200 women gathered on May 23 to celebrate accomplished businesswomen at the Pivot Great & Small: Celebrating Women in Business Awards Luncheon at the Spearfish Holiday Inn Convention Center. Lori Finnesand, the co-CEO of GROW South Dakota in Sisseton, was named the Enterprising Woman Intrapreneur Award. For the last 32 years, Finnesand has served rural communities through her work at GROW South Dakota. GROW South Dakota is comprised of three separate non-profit organizations. Finnesand has been the co-CEO of GROW South Dakota for 19 years, and she oversees all Economic Development programming. Under her leadership,...

Each year, the U.S. Small Business Administration (SBA) honors small businesses and entrepreneurs across the country for their community leadership and achievements. In conjunction with that, the SBA South Dakota District Office has selected Fallon Deutsch of Langford as the Young Entrepreneur of the Year. Fallon is the owner of Distinctly Drey, an online boutique that offers a variety of different clothing, tops, bottoms, outerwear, loungewear, clothing for toddlers, and so much more. Fallon stays on top of fashion trends and changes her clothing with the seasons. She frequently runs sales, and one of these sales includes the "Cyber Monday Mystery Bags"...

Each year, the U.S. Small Business Administration (SBA) honors small businesses and entrepreneurs across the country for their community leadership and achievements. In conjunction with that, the SBA South Dakota District Office has selected Dan Duenwald of Clark as the Minority-Owned Small Business of the Year.  Duenwald was raised in Hoven, South Dakota by Bob and Olivia Duenwald. He married Clarice Bollinger in 1974 and has four children, two girls, and two boys. Dan started driving a bus in August of 1985 with the Conde School, he drove with them for ten years. In August of 1996, Dan made the...

GROW South Dakota has released a new program called Digital Literacy. In this program, GROW South Dakota is offering FREE options to renew or expand your knowledge of the digital world. There are multiple courses to fit a variety of needs and we can also work with you on a one-on-one basis, if you prefer. Online education is provided through the NorthStar program, which offers classes on Basic Computer Skills, Internet Basics, Using Email, Windows, Mac OS, Microsoft Word, Microsoft Excel, Microsoft PowerPoint, Google Docs, Social Media, Information Literacy, and Career Search Skills. These classes are self-paced and can be...

GROW South Dakota’s CEO, Marcia Erickson, was one of two individuals that received the 2022 Rural Champion Award at the Rural LISC Conference in Washington D.C. This award goes to individuals who have helped to elevate, amplify, and advocate for the unique needs of our rural communities. For over 30 years, Marcia has demonstrated outstanding leadership and a commitment to helping rural communities across the state of South Dakota.