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Making rural voices heard: Marcia Erickson receives Founders Award

Friday, May 01, 2026

Marcia Erickson grew up on a cattle farm in rural South Dakota where neighbors knew and took care of one another. If one neighbor fell ill or got hurt when it was time to bring in the corn, the others were ready to help. “The crops can’t wait,” Erickson said.  That spirit of helping her rural community stayed with her and made a career in affordable housing and community development a natural fit. Erickson has worked in the field for 38 years and counting, coming up with fresh ideas, strategizing and giving voice to rural concerns. Her work as a...

Want to Work Less Tomorrow? Start Budgeting More Today!

Friday, May 01, 2026

Budgeting isn’t exactly a popular topic to talk about. Who likes the idea of not getting what we want?Instead of looking at a personal household budget as something to hold you back from making an amazing purchase or buying something you love, it's actually a really cool tool that acts like a financial roadmap to get you more in the long run.And most importantly, budgets help us make sure we’ll have enough money every month.Because when we know exactly where our money is going, we don’t experience that nagging anxiety month after month, stressing out over whether we're going to...

Are You in the Market for Business Lending in South Dakota?

Thursday, April 23, 2026

For over four decades, GROW SD has been on a mission to support entrepreneurs across South Dakota through affordable business financing.Whether you’re looking to purchase real estate, equipment, or inventory to grow and scale your operations, as your partner in economic growth, we’re here to help. Both startups and existing businesses are encouraged to apply!GROW SD operates from a mission of fostering a thriving business community in our region by providing collaborative lending solutions or comprehensive consulting services.In 2025, we saw a high demand for affordable business loans. Fifty loans totaling over $5.5 million in funding were granted to 44...

Dreaming of Buying a Home? We Offer Down Payment Assistance!

Monday, January 19, 2026

For over 40 years, GROW South Dakota has been a key player in promoting homeownership throughout the state.But did you know that as a statewide lender, we can also provide new and potential residents with down payment assistance?Down Payment Assistance in South DakotaWe understand that saving for a down payment can feel impossible, especially for families and individuals with limited resources.That’s why our assistance focuses on those who need it most, offering Down Payment Assistance (DPA) for income-qualified households purchasing homes in rural South Dakota communities.How does the Down Payment Assistance program work?Here’s how the DPA program works: Most assistance...

South Dakota Strong: How to Help Neighbors in Need if Government Shutdown Continues

Wednesday, November 12, 2025

A recent report stated that almost 75,000 South Dakotans could lose their food assistance benefits if Congress is unable to come to an agreement to end the federal government shutdown.As of November 11, the Senate has voted 60 to 40 to approve a continuing resolution which would reopen the government. But the shutdown will not end right away; the House of Representatives must also pass the legislation with a majority vote before President Trump can sign it into law.GROW South Dakota has launched an Emergency Food Campaign to provide nutritional support to families through our Community Action Program service area.The...

Wells Fargo Invests $1 Million Toward Rural Small Businesses in South Dakota

Tuesday, August 12, 2025

Akiptan and GROW South Dakota receive grants to expand economic  opportunity for rural and tribal entrepreneurs statewide Mobridge, SD – Aug. 11, 2025 – The Wells Fargo Foundation recently announced a  $1 million philanthropic investment to support small business growth across South  Dakota, with a focus on empowering entrepreneurs in rural and tribal communities. The  funding will be distributed evenly between Akiptan, a Native-led community development  financial institution, and GROW South Dakota (GROW SD), a statewide economic  development organization, providing critical resources and capital to small business  owners and agricultural producers throughout the state. As Senate Majority Leader John Thune (R-S.D.) highlighted...

Grow SD: Connecting You to a Network of Business Support

Monday, August 11, 2025

Did you know that Grow SD can connect you with a network of business support services, many of which are free? In honor of National Nonprofit Day on August 17, here’s a quick refresher about those resources. From consulting to creative funding, we’ve got you covered when it comes to taking your operations to the next level. Business Training OpportunitiesStaying ahead of the game is key to successfully growing your business. That’s why we offer multiple training opportunities throughout the year that cover everything from Canva to QuickBooks. CybersecurityReady to level up your digital defense skills? GROW South Dakota is partnering with Dakota State...

Dreaming of Owning Your Own Home?

Tuesday, June 10, 2025

Getting the keys to your first home is an exciting event! But making it happen comes with its own challenges that can be overwhelming for anyone.What if I don’t qualify for traditional funding? What if I don’t have enough for a down payment?They’re tough questions… But GROW SD has your answers!As we celebrate National Homeownership Month throughout June, we wanted to take a moment to talk about the various services we offer to help you turn your dream of homeownership into a reality.Every Step of the WayDid you know that GROW SD offers a variety of home ownership programs that...

Want to GROW Your Dreams?

Tuesday, May 13, 2025

Starting your own business is a dream come true. But turning those dreams into a reality? Sometimes, it’s a challenge!  Did you know GROW South Dakota was created with the specific purpose of helping promote and foster economic development in the rural corners of the state?As we celebrate National Economic Development Week (May 11-17), we thought it’d be a great time to outline the resources we offer, from developing a business plan to special lending programs, all designed to GROW your business dreams into a reality!Small Business? Think Big! Entrepreneurs can get discouraged by the cost of operating a business. But you...

SMALL BUSINESS DEVELOPMENT CENTER REACHES 40 YEAR MILESTONE

Monday, May 12, 2025

The Aberdeen Small Business Development Center (SBDC) office was recognized recently for 40 Years in Business by the Aberdeen Area Chamber Commerce.  The SBDC program began in South Dakota in 1985.  The Aberdeen office is one of seven across the state and is hosted by GROW South Dakota.  The recognition was presented at the Chamber’s Business After Hours event hosted by Northern Valley Communications on May 7, 2025.  (L to R) Rachael Cramond, SBDC Business Consultant; Kelly Weaver, SBDC Regional Director; and Gail Ochs, Aberdeen Area Chamber of Commerce CEO.Kelly Weaver, SBDC Regional Director, offered a few comments.  “Over the...

GROWing Your Dream of Home Ownership!

Wednesday, April 09, 2025

Franklin D. Roosevelt once said, “Happiness is not in the mere possession of money. It lies in the joy of achievement. In the thrill of creative effort.”One of the major joys of achievement for most folks involves buying a home. But the process can sometimes feel overwhelming, confusing or downright impossible.Did you know that GROW South Dakota is a HUD-approved Housing Counseling Agency and Housing Education Resource Organization (HERO) offering individual and online education geared towards helping you achieve homeownership?As we celebrate National Financial Literacy Month throughout April, we’re encouraging residents to take advantage of our financial literacy programs related...

Building Strong Foundations: How GROW South Dakota Supports Homeowners and Communities

Tuesday, January 21, 2025

South Dakota is known for its opportunities, resilience, and close-knit communities. Central to these values is the importance of safe and affordable housing. GROW South Dakota, a statewide nonprofit organization, diligently ensures that housing is necessary and a cornerstone for building better lives and thriving communities.The Role of GROW South Dakota in HousingSince its inception, GROW South Dakota has been a pillar of support for homeowners and prospective buyers throughout the state. By offering tailored programs and loan products, the organization helps individuals and families achieve their dream of homeownership. These efforts address immediate housing needs and contribute to long-term...

GROW South Dakota: Advancing Homeownership, Community Development, and Entrepreneurship

Monday, November 18, 2024

In celebration of National Entrepreneurship Month, GROW South Dakota recognizes the spirit of innovation and resilience that characterizes our communities. Through our dedicated programs focused on housing, community growth, and economic development, GROW SD is helping residents build their dreams and create a lasting impact.A Foundation in Homeownership and Community DevelopmentAt GROW South Dakota, we understand that homeownership is more than just owning property; it is about establishing a foundation for strong, vibrant communities. Our organization offers a variety of programs and loan products designed to make homeownership accessible for individuals and families throughout the state. We nurture stable communities...

Veteran Finds Unexpected Inspiration, Leads to New Business

Monday, November 11, 2024

This article was originally published by the USDA Rural Development.Inspiration can strike at the most unlikely times. For Trey Hendrickson, it struck when he was returning from deployment in Afghanistan. He had, what he recalls as ‘the best cup of coffee’ he’d ever had. It was a taste of home.U.S. Marine Trey Hendrickson found inspiration for Wild Grounds LLC while returning from a deployment to Afghanistan in 2013.Trey served five years in the United States Marine Corps and deployed once to Afghanistan. Now 11 years later, Trey and his wife own and manage Wild Grounds LLC, a coffee grinder and...

Empowering Sustainable Communities: GROW SD's Impact on Homeownership

Thursday, October 03, 2024

Homeownership is a fundamental pillar of stability and prosperity in America, representing a crucial avenue to financial security and leaving a lasting legacy for most of the population. However, not all communities have enjoyed equal access to this opportunity, and significant disparities persist. GROW South Dakota (GROW SD) champions housing, economic development, and community support to foster sustainable communities.The Benefits of Homeownership Homeownership serves as a proven pathway to wealth accumulation and financial stability. Owning a home offers several long-term advantages, including:Forced Savings: Monthly mortgage payments build equity over time, effectively serving as a form of forced savings for homeowners. Wealth Creation:...

Fun Time Rentals Kicks Off their Business with the Help of GROW South Dakota

Tuesday, August 20, 2024

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...

Empowering Entrepreneurs: Business Lending with GROW South Dakota

Wednesday, August 07, 2024

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...

Anthony Jewelers Success Story

Monday, July 15, 2024

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...

Creating Homeowners, Strengthening Communities: GROW South Dakota's Initiatives

Monday, June 24, 2024

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.

Thursday, May 23, 2024

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,...

GROW SD’s expert Homebuyer Education Services

Tuesday, May 14, 2024

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

GROW SD Spearheads Housing Development in Sisseton: A Community Collaboration for Growth

Friday, May 10, 2024

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...

GROW SD’s DPA program - Seamless integration with various loan types

Tuesday, May 07, 2024

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: Empowering Growth with Business Lending and Coaching

Monday, May 06, 2024

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...

GROW SD: A trusted guide to help you navigate the path to successful homeownership

Tuesday, April 30, 2024

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 

GROW SD - Your partner in achieving affordable homeownership

Tuesday, April 23, 2024

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...

GROW SD's Impact on Homeownership in South Dakota

Tuesday, April 16, 2024

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

Funds, Factors, and Homeownership Dreams: GROW SD Breaks it Down!

Tuesday, April 09, 2024

Preparing for the path to homeownership is made more accessible by transparent funding details within GROW SD's DPA program. The program, supported by diverse funding sources, introduces unique limitations and requirements, shaping a personalized approach for each aspiring homeowner. Offering a financial bridge ranging from $5,000 to $7,500, GROW SD stands out with a commitment to ease.Begin Your Homeownership Odyssey with GROW SD's DPA AssistanceThe funds, provided as a 0% interest, deferred payment, and 30-year mortgage, embody flexibility in payment conditions, activating only when specific events unfold. Whether refinancing, property sale or exchange, change in primary residence status, or the...

GROW SD: Building futures and transforming communities!

Tuesday, April 02, 2024

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

Navigate Your Path to Homeownership: GROW SD's DPA Program Explained!

Wednesday, March 27, 2024

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...

A Journey to Homeownership

Tuesday, November 21, 2023

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...

Empowering South Dakota Businesses: GROW South Dakota's Business Lending Solutions

Wednesday, November 01, 2023

For more than four decades, GROW South Dakota has remained steadfast in its mission to provide vital support to business owners across the state. Through a combination of accessible loans and comprehensive business technical assistance, GROW SD continues to play a crucial role in fostering entrepreneurship and economic growth in South Dakota.Business Lending: Fueling South Dakota's AmbitionsGROW South Dakota has a broad reach as a statewide lender, helping finance new and existing businesses. Whether you need capital for real estate, equipment, inventory, or working capital, GROW SD stands ready to support your aspirations.Tailored Financing SolutionsGROW SD understands that each business...

Seven valuable tips for first-time homebuyers in South Dakota

Thursday, April 20, 2023

Buying a home for the first time can be overwhelming, as it can be a significant financial decision. But, with the right kind of guidance, research, and planning, it can be quite a fulfilling journey.  If you are a first-time homebuyer in South Dakota, here are some tips to help you make the right decisions: Set up your budget:  Before you start house hunting, it is crucial to have a budget in place. You should have a figure in mind for how much you can afford to spend on a house. Try to stick to this number...

The importance of Business and Housing Education in South Dakota

Tuesday, April 18, 2023

Business and housing education are crucial for individuals and communities in South Dakota, USA. With the proper education and resources, individuals can make informed decisions regarding homeownership and financial management, leading to long-term stability and growth. Here, we shall explore the importance of business and housing education in South Dakota and the services offered by GROW South Dakota. Education is key for prospective homeowners For individuals looking to become homeowners, education is key. Homeownership is a significant investment, and home purchasing should not be taken lightly. By receiving pre-purchase counseling, individuals can better understand the home-buying process and...

Deutsch named Young Entrepreneur of the Year

Monday, April 17, 2023

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".Fallon’s...

Poverty Simulation to be held

Monday, April 17, 2023

Could you survive a month in poverty?107,500 South Dakotans, 34,000 of whom are children under the age of 18, live in poverty every day. Many more have incomes above the poverty line, but their incomes are still low enough to qualify for programs like Food Stamps and Medicaid. The recent economic downturn has seen unemployment rates rise and the use of emergency food pantries increase.It is difficult for those of us who have enough to truly understand the situations that families living in poverty experience every day – the decisions they have to make, and the fears and frustrations they...

GROW South Dakota launches new Digital Literacy program

Friday, April 14, 2023

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...

Important tips to help prepare youth for financial wellness

Friday, February 10, 2023

Financial wellness starts with an awareness of money and savings early on. There are many lessons to be learned, and there could be some pitfalls on the way. New lessons and concepts will appear during different stages of your kids’ lives. Teaching them will require some planning, intentionality, and patience on your end and practice on theirs. However, it will be time well spent and your children will thank you for it later as their earnings are well spent (and saved)! Money need not be a taboo subject, and the earlier we start talking to our youth about it,...

National Write a Business Plan Month: Useful tips on writing a business plan for your enterprise

Tuesday, December 06, 2022

In South Dakota, entrepreneurs and business owners are crucial to our thriving community and economy. GROW South Dakota is here to support new and existing businesses in the community.   Do you own a business? Are you just beginning the process of starting your own business? In either case, you can provide a sense of direction to your enterprise’s daily operations with a business plan. A well-written business plan can help you measure and guide your company goals. December is “National Write Your Business Plan” month, and there is no better time than now to explore how to create...

Economic Developers: A Great Resource for your Business

Wednesday, November 23, 2022

Setting up a business is a challenge. Just managing the paperwork, accounting and regulations alone can be daunting to an entrepreneur. Not to mention the essential capital requirements every business needs to kick start operations. Where can a new business owner turn to get their questions answered? Look no further than GROW SD. GROW South Dakota is a statewide non-profit organization that provides programs and loan products to advance housing, community, and economic development, and is a valuable resource to help build your businesses or to get help attracting the right talent for your team.  Resources to Help...

Small Business Saturday - Let’s support our small business community

Wednesday, November 09, 2022

Many favorite shopping memories are made when visiting a small business in a downtown setting. There is something special about shopping at a local store where the owners greet you by name, swap stories with you, and ask you how your family is doing. You will undoubtedly experience this type of friendly atmosphere in South Dakota. This Small Business Saturday, the team at GROW South Dakota would like to thank all of the small businesses in South Dakota for the positive impact they have on our lives – during the holidays and all year long!  Recognizing Local Businesses this...

How small businesses can cope with inflation

Monday, September 12, 2022

Inflation is impacting everything - from manufacturing, grocery, and retail to small businesses.  Inflation has been reported to range from 6.8 to 8.2% for 2022 - staggering rates of inflation that haven’t been seen since the 1980s. The all items index increased 9.1 percent for the 12 months ending June, the largest 12-month increase since the period ending November 1981. According to the U.S. Bureau of Labor, at the same time as inflation is rising, real average hourly earnings for all employees decreased by 0.6 percent. That’s the impact of inflation because it reflects a 1.0 percent increase in...

Avoid future home repairs with preventative maintenance

Wednesday, July 20, 2022

It is said, “An ounce of prevention is worth a pound of cure”. The best way to avoid costly repairs to your home is to carry out regular maintenance on it. Remember, the more effort you put into caring for your home, the less money you will need to spend on it.  With smart home care devices driven by technology, more and more homeowners can get savvy in taking care of their homes. Here is a handy guide to keeping your home in great shape: Pipes: The cost of a leak or a sewage back can be significant...

The importance of budgeting for individuals and families

Tuesday, June 28, 2022

The usefulness of having a budget in our daily lives cannot be overemphasized. What is a budget? A budget is simply a financial plan that takes into account both current and future incomes and expenditures. Armed with a budget you can keep your spending in check. You will also stay informed of your savings and whether they are on track for the future.  In the current market scenario, budgeting is even more important - a wise budget seeks to ensure you and your family have financial security and are working effectively to achieve financial or lifestyle goals. Below are...

National Homeownership Month: Owning a home has many benefits

Wednesday, June 15, 2022

For many of us, a home is more than just a residence. It is a place that evokes a feeling - that of pride, security, comfort, and joy. A home is where we can face life’s challenges and watch our children grow. Across the country, National Homeownership Month is celebrated in the month of June every year. Owning a home renders great value to families, communities, and neighborhoods across America, and by becoming a homeowner, a person gets one step closer to fulfilling the American dream. The month of June celebrates the joys of becoming a homeowner, bringing manifold advantages...

A Path to a Better Future

Thursday, June 09, 2022

   They say when it rains, it pours. For one GROW South Dakota client, it was a torrential downpour! First, his car broke down, so he didn’t have enough money to fix it because he had to pay his monthly bills. Then he nearly lost his job because he didn’t have transportation to get to work. The last drop in the bucket was an emergency stent surgery. It was a dire situation. “I was very concerned about the cascading crisis of potentially becoming homeless, losing my car, and possibly losing my job,” he stated. “I really didn’t have anyone to...

NeighborWorks Week

Thursday, June 09, 2022

In honor of NeighborWorks Week, staff from NeighborWorks Amercia came to visit the staff of GROW SD.   They received a tour around the town of Siseton to highlight the work done by GROW SD. GROW SD staff provided sidewalk chalk and treats to area daycares and after school programs. NeighborWorks staff and GROW SD staff attended the South Dakota Native Homeownership Coalition convening in Flandreau, where Lori Moen was elected to the first official board of directors.https://youtu.be/_x9INlqgdjE 

GROW South Dakota: Helping businesses to grow and succeed

Wednesday, May 25, 2022

What makes South Dakota a great place to do business? As one of the best states in the country to expand your business or to re-locate it, South Dakota has a conducive business environment, where innovation and talent are encouraged, there is room to grow, and a reliable workforce helps business aspirations to come through - all these from the geographic center of the United States.  Today, South Dakota is characterized by a strong work ethic and high productivity workforce, a state with the #1 business tax climate in America, and accessibility to leaders to get the job done...

Lending Made Possible Through GROW South Dakota: Making Home Ownership Dreams Come True

Thursday, March 03, 2022

GROW South Dakota’s housing programs support individuals and families in making their dreams of homeownership come true with direct financing for the purchase of a home, and down payment and closing cost assistance funds for income eligible applicants. GROW South Dakota is a HUD-approved counseling agency & Housing Education Resource Organization (HERO), offering individual and online education for current and prospective homeowners.  Eligibility criteria and types of financial assistance GROW South Dakota offers two types of financing. The Direct 1st Mortgage Financing program is available to potential borrowers who meet program eligibility, have acceptable credit, repayment ability and...

Financial Awareness for Business Health

Wednesday, February 09, 2022

It makes good business sense to be aware of your financial fundamentals. Sound financial health can dramatically improve your business and prevent calamities. Good business health means you have the ability to reach your goals and take advantage of opportunities- these lend you the flexibility to pursue your dreams. The only way to achieve financial health is through financial awareness. We are just into the beginning of the year, and it is always a good time for business owners to take a look at their spending, determine their goals for the year and set saving plans to achieve them. But...

National Write a Business Plan Month: Some useful tips on writing a business plan for your enterprise

Tuesday, December 21, 2021

At GROW South Dakota, entrepreneurs and business owners are crucial to our thriving community and economy. One of GROW SD’s goals is to maintain good relationships and communication with the business community. Advice and technical assistance are offered, in order to help companies problem-solve to optimize their chances for success and expansion. Do you own a business? Are you just starting out to own one? In either case, you can provide a sense of direction to your enterprise’s daily operations with a business plan. A well-written business plan can help you measure and guide your company goals. With December...

Supporting South Dakota Businesses On Small Business Saturday

Wednesday, November 24, 2021

Interposed between the furor of Black Friday and Cyber Monday, Small Business Saturday is an opportunity for South Dakota shoppers to stand by the local business community and in turn, give a boost to the local economy.  Small Business Saturday is a day dedicated to celebrating small businesses and encouraging consumers to shop at local establishments. Now in its 12th year, Small Business Saturday falls on November 27. American Express started Small Business Saturday in 2010 in the midst of the recession to give small businesses a boost. The movement gained significant traction in 2011, when the Senate unanimously...

Honoring Women’s Small Business Month In South Dakota

Monday, November 01, 2021

The month of October, that just went by, is celebrated as Women in Small Business Month - honoring women-owned businesses (11.6 million and counting) around the country. According to a 2020 report by the National Women’s Business Council, 42% of all US businesses are represented by women owners. With 9.4 million employees and $1.9 trillion in revenue, we observe that women-owned businesses are concentrated in industries such as child daycare, private households, beauty salons, fitness, and home healthcare services. Celebrating Women Business Owners In South Dakota For most women owners being successful in business means not subscribing to set expectations, but instead, defining their...

Small Business Lending In Grow South Dakota-Offering The Community A Voice

Wednesday, October 20, 2021

For a business to succeed, financing plays a huge role in the entrepreneurial landscape. GROW South Dakota was formed to provide housing, community, and economic development statewide.  It has had a broad and lasting impact on the small business community. Through its business lending program, it continues to serve the communities of South Dakota by providing technical assistance and small business loans.  Over the years, GROW South Dakota has deployed 2,298 business loans to 1,413 businesses, financing over $89.5 million. Any new or existing business in the GROW South Dakota service area may qualify for a loan. With loan...

GROW SD Celebrates National Homeownership Month During June

Friday, June 04, 2021

GROW SD celebrates National Homeownership Month during June by raising awareness about the benefits that home ownership brings to families, neighborhoods and communities alike. The real estate market is thriving, and GROW SD is working to make homeownership a reality for many people who may not have the opportunity otherwise. Learn more about why homeownership matters and how you can become a homeowner too.  Why Homeownership Matters Owning a home is a cornerstone of the “American Dream”.  “Grow SD helped me achieve my goal of finally owning a home, not only for me but most importantly my...

GROW SD Celebrates Small Businesses in May

Wednesday, May 05, 2021

With spring in the air and the COVID-19 spread slowing, businesses are beginning a journey of recovery. For those looking for an opportunity to support local businesses, May is an excellent time to shop for local goods and services. The month of May includes two recognition weeks - Small Business Week and the 2021 National Economic Development Week. Small Business Week The U.S. Small Business Administration (SBA) has historically held its National Small Business Week in the first week of May each year. The COVID-19 pandemic forced 2020’s event to occur in September, but many organizations have been...

Women in Leadership

Wednesday, March 31, 2021

Committed, inspired, dedicated, empowered.  These are just a few words that describe the journey taken by the leadership within GROW South Dakota.  More impressive, is the chief leadership positions are held by four women with a combined total of over 100 years of experience with GROW SD.  This dedication to persevere through decades of challenges, growth, and change has allowed GROW SD to become one of the nation’s leading organizations in their industry. Marcia Erickson, Co-Chief Executive Officer, has been with GROW SD for over 32 years and Lori Finnesand, Co-Chief Executive Officer, has been with GROW SD for 30 years. ...

Celebrating Women’s History Month

Monday, March 15, 2021

In recognition of Women's History Month, GROW South Dakota is commemorating and celebrating the vital role of women in American history.  One of the leaders we celebrate is JoAnn Schaefers, Faulkton, and previously from Polo.  JoAnn Schaefers has served on the Board of Directors for GROW South Dakota for 47 years.  Schaefers served on the Northeast South Dakota Community Action Program (NESDCAP also known as GROW South Dakota) Board of Directors for 10 years, including a number of terms on the State Community Action Board. Following her tenure on the NESDCAP Board she began serving on the Northeast South Dakota Economic Corporation (NESDEC also known...

Erickson Named President of National NeighborWorks Association Board

Monday, March 15, 2021

Marcia Erickson, GROW South Dakota CEO, recently became President of the Board of Directors for the National NeighborWorks Association (NNA). She will serve a two-year term. NNA is a national membership-based trade association for NeighborWorks America chartered organizations that are providing over $9.3 billion of affordable housing and community development across the nation. NNA provides national advocacy for policy and funding for these organizations as well as membership benefits that either reduce operating costs or increase revenues. Marcia has been with GROW South Dakota for more than 30 years and became the CEO in 2005. Marcia has a broad...

Annual Point-In-Time Homeless Count

Wednesday, January 20, 2021

Tuesday, January 26, 2021, South Dakota will be conducting the Annual Point-In-Time Homeless (PIT) Count and Housing Inventory Chart (HIC). These activities are required by US Dept. of Housing and Urban Development (HUD) nationwide as part of the Continuum of Care Program. The information is collected and reported to Congress. The information is also used for measuring progress, identifying strengths in services, identifying gaps in services, increasing public awareness and enhancing system planning.  GROW SD will be helping to coorindating the count for the following counties in SD: Beadle, Brown, Campbell, Day, Edmunds, Faulk, Hand, Hughes, Hyde, Marshall, McPherson, Potter, Roberts,...

Weatherization Benefits Homeowners and Renters During the Pandemic

Tuesday, January 19, 2021

Weatherization helps homeowners save money by improving the energy efficiency and comfort of their homes. Weatherization has proven to be especially important during the pandemic when many homeowners and renters are home more of the time. The Weatherization Assistance Program (WAP) provides qualifying homeowners with weatherization services during the pandemic and beyond.   Benefits of Weatherizing Your Home The benefits of weatherizing go far beyond keeping homes warmer during the winter months. Weatherization benefits homeowners year round and reduces their overall cost of living.  Weatherization lowers energy bills.  Weatherization is vital during the pandemic as the energy...

GROW South Dakota Provides Home Ownership Assistance and Home Improvements

Wednesday, December 09, 2020

GROW South Dakota helps deserving community members find permanent homes through Home Ownership Programs. These programs provide financing for home purchases, down payment assistance and closing cost assistance. GROW SD also offers homeownership education and housing counseling to qualifying individuals through the HUD approved Housing Counseling Agency and Housing Education Resource Organization.  One recipient of GROW SD assistance, who wishes to be kept confidential, recollects her former situation and how GROW SD helped her find a new home more suitable to her needs.  “I was living in a high rise one bedroom apartment. We were allowed to have...

National Women in Small Business Month Feature Hillarey Warner

Tuesday, October 20, 2020

HH Design is one of the many successful women-owned businesses in Britton, South Dakota. Owner, Hillarey Warner, fulfilled her dream of becoming a full-time graphic designer in 2014. As a successful entrepreneur and woman in business, Warner has blazed her own path, warding off distractions, to become a staple business in Britton. She provides community members with screen-printing, stationary printing and embroidery application among many other services.  After graduating from Northern State University with a BA in Advertising Design, Warner knew she wanted to return home and support the small community she grew up in, Britton. She credits the...

GROW South Dakota Highlights NeighborWorks Week

Monday, June 08, 2020

During NeighborWorks Week, June 6-13, GROW South Dakota and other NeighborWorks organizations across the country will host several events that educate, train and inform. GROW South Dakota will provide a virtual platform this year to bring awareness about the programs we have to offer including home ownership options and economic development.  Other activities this week include a Regional Economic Roundtable for economic development leaders to come together to provide development opportunities and solutions, and GROW SD will host a QuickBooks online tutorial. "NeighborWorks America provides a very impactful role in partnering with non-profits across the country.  NWA, along with its many...

Making your Home Ownership Dream a Reality

Monday, June 08, 2020

Have you always dreamed of owning your own home? Does the process seem overwhelming, and you’re just not sure where, or how to start? GROW South Dakota is here to help make that dream a reality. GROW South Dakota is a HUD approved Housing Counseling Agency and Homeownership Education Resource Organization (HERO). With our team of trained, HUD certified counselors, we are here every step of the way to ensure you have the tools, knowledge and education needed to become a successful homeowner. Each counseling session is tailored to fit the individual needs of each client.  In addition...

A Life Changing Event

Monday, May 18, 2020

“Because of this program, I no longer have to worry about C02 poisoning. I have adequate heat and no wind blowing through the windows and doors. For the first time, I don’t have to walk to the outhouse and worry about falling. I’m able to take a shower without going to someone else’s house. To say what I have received from the program has been life-changing would be a complete understatement.” In 2018 GROW South Dakota’s weatherization team received a call from Ruth, a senior resident, in need of assistance with heating her house. When the weatherization team...

Dakota Butcher - 2020 SBA Entrepreneur of the Year

Monday, May 04, 2020

Seeing a business close their doors in a small town is always difficult. When the Clark meat shop closed in 2008, Randy Gruenwald decided he wasn’t going to stand by and watch it happen. His professional experience was an excellent fit to revive the business. He worked 15 years as a meat department manager for Nash Finch. Then Randy worked as a banker before he purchased the butcher shop. Karen, Randy’s wife and business partner, worked for the previous meat shop owners and brings exceptional customer service skills and experience to their ownership team. Able to capitalize on their professional...

Cross County Vet Does It All

Tuesday, November 05, 2019

Nicole Nelson has owned and operated the Cross Country Vet Clinic in Clark, SD since 2004. She is well established and has a great reputation in Clark and the surrounding area. Cross Country Vet Clinic does everything from grooming small animals to medical services and surgeries, all the way up to large animal services. Over the past 15 years Nicole and GROW SD have had a great lender and borrower relationship. Nicole has used GROW SD and many of its funding program to help start, maintain, and expand her veterinary clinic. In 2004 she used GROW SD’s Intermediary Relending...

Grant Received to Support Veteran Home Improvement

Wednesday, September 11, 2019

GROW South Dakota has received a grant from the Housing Assistance Council (HAC) to support home improvements for low-income veterans in northeastern South Dakota. The $30,000 grant was made possible through generous support from The Home Depot Foundation and will allow GROW SD to make improvements to six homes. GROW SD has renovated and weatherized more than 9,300 homes in eastern South Dakota over the past four decades. In recent years, it has added a special focus on veteran households, with a goal of helping veterans make their homes safer, healthier, and more energy efficient. Through this program, dozens...

Spring into Healthier Financial Habits

Tuesday, April 09, 2019

Nearly 80 percent of Americans live paycheck to paycheck. A recent survey found that 44 percent of households wouldn’t have the savings to cover a $400 emergency expense. These statistics illustrate that many people are one hardship away from a financial crisis. An unexpected life challenge like a car breakdown, illness or job loss could be devastating. April happens to be Financial Literacy Month. While it’s advisable to practice good financial habits year round, it’s helpful to have a reminder. And since spring is the season of renewal and rebirth, it’s an appropriate time to cultivate new habits...