Strategic Merger Creates a Brighter Economic Future for South Dakota
[Rapid City, South Dakota] – Black Hills Community Economic Development (BHCED) and First District Development Company (FDDC) are excited to announce their merger, resulting in the formation of a new organization, Ally Dakota Development. The joining of the two companies will result in Ally Dakota Development being the only certified development company in South Dakota with a presence on both sides of the state.
The merger marks a significant milestone for the state, as it leverages the resources, networks, and knowledge of economic powerhouses in both East River and West River to create a more resilient and prosperous South Dakota.
Fran White, the current executive director of BHCED, will resume her leadership position with Ally Dakota Development. “The merger allows us to build on our strong foundation and amplify our impact across South Dakota,” she said. “Together, we can reach more businesses and communities in our state and provide enhanced economic opportunities for all.”
Currently, BHCED and FDDC are in the transition phase of the merger and the teams at both companies are working together to integrate their operations, processes, and values. This strategic approach ensures a smooth transition for employees, clients and partners of the organizations as they look forward to building a brighter future together.
Ally Dakota Development will continue to provide the services offered by BHCED and FDDC, which include originating SBA 504 loans and other funding options for small businesses. By offering these services, the organization aims to foster sustainable growth and create opportunities for all South Dakotans.
About Ally Dakota Development
Formed by the merger of Black Hills Community Economic Development and First District Development Company, Ally Dakota Development offers financing and development support to small businesses in South Dakota. The organization is committed to supporting economic growth by meeting the diverse needs of businesses and communities across the state.
