About Webster Area Development Corporation
Webster Area Development Corporation: Driving Economic Growth in South Dakota
Webster Area Development Corporation (WADC) is a non-profit organization that is dedicated to promoting economic growth and development in the Webster area of South Dakota. The organization was founded with the aim of creating jobs, increasing investment, and improving the quality of life for residents in the region.
WADC works closely with local businesses, government agencies, and community organizations to identify opportunities for growth and development. The organization provides a range of services including business planning assistance, financing options, workforce training programs, and marketing support.
One of WADC's key partners is GROW South Dakota. GROW South Dakota is a statewide non-profit organization that provides programs and loan products to advance housing, community, and economic development. Together with GROW South Dakota, WADC has been able to provide critical support to businesses throughout the region.
WADC's focus on economic development has helped attract new businesses to the area while also supporting existing ones. The organization has played a key role in helping local companies expand their operations by providing access to capital through loans or grants.
In addition to its work with businesses, WADC also supports community development initiatives aimed at improving quality of life for residents in the Webster area. This includes projects such as building affordable housing units or developing recreational facilities like parks or trails.
One example of WADC's success can be seen in its partnership with Dakotaland Federal Credit Union. In 2019 Dakotaland Federal Credit Union opened a new branch office in Webster thanks in part to financial assistance from WADC. This project not only created new jobs but also provided much-needed banking services for residents living outside city limits.
Another example can be seen through their partnership with Day County Housing Development Corporation (DCHDC). DCHDC received funding from USDA Rural Development which was then matched by funds from WADC allowing them build 12 single-family homes within Day County over three years starting 2020-2022 period which will help address affordable housing needs within this rural county.
Overall,WADC plays an important role driving economic growth throughout the Webster area by providing critical support services that help businesses thrive while also supporting community development initiatives aimed at improving quality-of-life for residents living there.
In conclusion,WADC continues working tirelessly towards achieving its mission statement "To promote sustainable economic growth through partnerships that create opportunities" . With continued efforts like these we are confident they will continue making significant contributions towards driving positive change within communities across South Dakota!