Resources
We understand the difficulties associated with starting up a business or looking to expand. We have created a list for you, to help you get started. If you'd like any additional assistance in some of these resources, please don't hesitate to contact the Murdo Area Economic Development Director, Ashley Geigle at 605-516-9080.
Governor's Office of
Economic Development
The office works closely with community economic development corporations to expand and diversify the state’s industry and economy. Additionally, the GOED administers a variety of financing opportunities available to new and existing businesses.
Small Business
Development Center
The South Dakota Small Business Development Center helps new entrepreneurs realize their dream of business ownership and assists existing businesses in their efforts to remain competitive.
South Dakota
Housing
SD Housing is a self-supporting, nonprofit entity known for their commitment to providing innovative financing solutions to create and preserve affordable housing solutions throughout South Dakota.
Dakota Resources
Dakota Resources provides Community Development Loans to make it possible for rural communities to gain meaningful momentum, helping communities to put their funds to work.
Small Business
Administration
SBA can help you understand your loan options, help with lending advice, and offer guidance on reaching new customers. Their goal is to help with advice, be a resource, and offer mentorship.
Realizing Rural
Realizing Rural has provided grant writing, project management, marketing, and consulting services for rural businesses, organizations, and communities in North Dakota, South Dakota, and beyond with the mission of shifting the rural narrative from surviving to thriving.
Local Resources
Aside from the many state resources available, in the Murdo area, we have a few of our own resources available. The Jones County Community Foundation was established to provide financial assistance to community groups and projects, helping Jones County continue to be a desirable place to live, work, and play. To learn more about about the financial assistance from the JC Community Foundation, you can contact Dennis Moore at the Building Center 605-669-2201.
Another great resource for community projects is the Community Economic Development loan from West Central Electric via the REED Fund. The loans are10 year notes at 1% interest. They have to be for a project that helps a community and the loan needs to be guaranteed by either the city or the county. For More information on Economic Development loans, you can contact West Central Electric at 605-669-8100 or look at eligibility requirements here.
The Murdo Development Corp. has funding available to assist in projects that contribute to the economic development in Jones County with a special emphasis on development in the Murdo area and within the boundaries of the Jones County School District. The Revolving Loan Fund loans can be used for business start-ups, acquisition, retention, and expansion. Funds may be used for workforce housing development if the terms of certain grants allow it. Community and nonprofit loans that enhance the quality of life may also receive consideration. To learn more about the Revolving Loan Fund, contact Director Ashley Geigle at 605-516-9080.