Small business incubator Native FORGE has launched its first cohort in partnership with the San Carlos Apache Tribe of Arizona. An initiative of the University of Arizona, Native FORGE focuses on serving the specific needs of Native entrepreneurs in the state. For each year-long cohort, the incubator will target its efforts to entrepreneurs from a single tribe.
Baltimore, MD – Treasurer of the United States Chief Lynn Malerba, joined by U.S. Senators Benjamin L. Cardin and Chris Van Hollen, U.S. Representative Kweisi Mfume, and Community Development Financial Institutions Fund (CDFI Fund) Director Jodie Harris, today announced more than $5 billion in New Markets Tax Credit (NMTC) awards nationwide.
The CDFI Fund announced that 218 organizations received $27.57 million in Technical Assistance awards to build their capacity to provide services to low-income and underserved people and communities across America. NCN has been awarded $150,000 from the NACA Program for Technical Assistance.
Chrystel Cornelius, President and CEO of Oweesta Corporation, received the Heinz Award for the Economy for her work addressing centuries of disenfranchisement that have led to profound socioeconomic disparities for Native communities.
Minority Enterprise Development Week (September 18-24) is a great opportunity to celebrate the variety of ways that Native CDFIs support minority entrepreneurs and work to reduce the racial wealth gap.
As a reminder for fiscal year (FY) 2022 CDFI Equitable Recovery Program (CDFI ERP) Applicants, the deadline for online submission of the Application through the CDFI Fund’s Awards Management Information System (AMIS) is September 22, 2022 at 11:59 P.M. ET.
The U.S. GAO has released its report on Indian economic development that includes, among other objectives, the examination of economic development programs available to tribal entities.
Funded by President Biden’s American Rescue Plan and administered by the U.S. Commerce Department’s Economic Development Administration (EDA), the Regional Challenge provides each award winner funding to rebuild regional economies, promote inclusive and equitable recovery