This EDA investment supports the mountain – plains regional native cdfi coalition, led by the four bands community fund, with growing the indigenous finance sector in montana, north dakota, south…
Ended Project Grant Awarded Last action
- Award ID
- 057906245
- Recipient
-
Island Mountain Community Development Financial Institution, Inc. UEI D3P1NQBLEHC4
- Awarding agency
-
Economic Development Administration
Department of Commerce
- Obligated
- $100,000
Award facts
- Assistance listing
- 11.307 Economic Adjustment Assistance
- Completion date
- Funding
-
- $0.00 Federal
- $100,000.00 Non-federal
- Place of performance
- Hays, MT 59527, USA
Award details come from USAspending.gov.
Description
This EDA investment supports the mountain – plains regional native cdfi coalition, led by the four bands community fund, with growing the indigenous finance sector in montana, north dakota, south dakota, and wyoming by expanding economic opportunity in native american communities through an alliance of nine native community development financial institutions (CDFIS). The projects funded as part of this award include the creation of a regional revolving loan fund intended to strategically deploy financial investments to native entrepreneurs and small businesses. EDA funding also will stand up a workforce training program, improve data infrastructure, and make other investments that will expand the capacity of the indigenous financial sector. Once implemented, the investment will help develop and strengthen regional industry clusters - all while embracing economic equity, creating good-paying jobs, and enhancing U.S. Competitiveness globally.
Transactions
| Action | Federal | Non-federal | Date |
|---|---|---|---|
| Amendment | -$2,855,000 | $0 | |
| Original award | $2,855,000 | $100,000 |
Quick answers
Who received award 057906245?
057906245 was awarded to Island Mountain Community Development Financial Institution, Inc. by Economic Development Administration (Department of Commerce) on September 8, 2022.
How much is award 057906245 worth?
$100,000 has been obligated on 057906245: $0 in federal funding and $100,000 in non-federal funding.
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