This $6.36 million project grant from the Department of Commerce Economic Development Administration's Economic Adjustment Assistance program will support the Mountain | Plains Regional Native CDFI Coalition's efforts to expand economic opportunity in Native American communities in Montana, North Dakota, South Dakota, and Wyoming. Led by the Four Bands Community Fund, the coalition of nine Native Community Development Financial Institutions will use the funding to create a $6.36M revolving...
This $6.8 million Economic Development Administration project grant supports the Mountain | Plains Regional Native CDFI Coalition led by Four Bands Community Fund. The Coalition will grow the Indigenous finance sector across Montana, North Dakota, South Dakota and Wyoming. Key deliverables include establishing a $6.8 million revolving loan fund for Native entrepreneurs and small businesses. Additionally, the Coalition will implement a workforce training program, improve data infrastructure,...
This $496,860 project grant from the Department of Commerce Economic Development Administration supports the Four Bands Community Fund coalition's proposal to develop an Indigenous finance industry serving Native communities in North Dakota, South Dakota, Montana, and Wyoming. Through five component projects including strategic planning, workforce development, infrastructure development, an innovation center, and a revolving loan fund, the coalition will build the Indigenous finance industry...
The Economic Development Administration awarded a $24.2 million Project Grant to the Four Bands Community Fund Inc. under the Economic Adjustment Assistance program (CFDA 11.307). The grant will support the Mountain | Plains Regional Native CDFI Coalition led by Four Bands Community Fund in growing the Indigenous finance sector across Montana, North Dakota, South Dakota, and Wyoming. Key deliverables include establishing a $24.2 million revolving loan fund for Native entrepreneurs and small...
The federal Project Grant award of $300,000, provided by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program (CFDA 21.020), supports the capacity-building and economic development initiatives of the Island Mountain Community Development Financial Institution, Inc. (DBA Montana Native Growth Fund), a certified Native American-owned CDFI. The award will enable the organization to deliver financial products and services, provide technical assistance,...
This three-year, $1.497 million project grant from the Department of Commerce Economic Development Administration's BUILD TO SCALE program will fund Fort Lewis College, the Southern Ute Indian Tribe, and Animas Accelerator to establish and strengthen entrepreneurship support services in rural southwest Colorado. The grantees will leverage Fort Lewis College's Center for Innovation as a central hub to provide in-person and virtual assistance to entrepreneurs throughout the region at all stages of...
The Economic Development Administration of the Department of Commerce awarded $306,000 to the Oglala Sioux Tribe of Pine Ridge Indian Reservation through September 2025 under the Economic Development Support for Planning Organizations grant program (CFDA 11.302). The funding will support development of a Comprehensive Economic Development Strategy for a four-county region in South Dakota served by the Oglala Sioux Tribe. The CEDS process brings together public and private sector stakeholders...
The Department of Commerce Economic Development Administration (EDA) awarded $455,000 under the Economic Development Support for Planning Organizations (CFDA 11.302) federal grant program to the Southeastern Montana Development Corporation to develop and implement a Comprehensive Economic Development Strategy (CEDS) for Custer, Powder River, Rosebud, and Treasure Counties in Montana. Through this January 1, 2022 project grant concluding March 31, 2025, the Southeastern Montana Development...
Four Bands Community Fund, Incorporated received a $1,529,443 project grant award from the Department of the Treasury's Community Development Financial Institutions Fund Equitable Recovery Program to provide financial services and community development assistance through December 2028. As a Community Development Financial Institution, Four Bands will use the grant funding to expand lending, grant making, and investment activities in low- and moderate-income communities disproportionately...
New Mexico Community Capital (NMCC) will leverage partnerships to provide technology training and access to online markets for Native-owned enterprises in central and northern New Mexico under a $1,391,374.60 Project Grant from the Department of Commerce Economic Development Administration (EDA). Specifically, NMCC will implement a three-tier entrepreneurial support strategy utilizing $1.39 million in EDA funding provided under the Economic Adjustment Assistance (EAA) program. Over an 18-month...