The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program awarded a $300,000 Project Grant to Island Mountain Community Development Financial Institution, Inc., doing business as Montana Native Growth Fund, on November 21, 2024. The grant aims to promote economic revitalization and community development by building the organizational capacity of the certified CDFI to serve low-income and underserved populations, particularly in rural and urban areas that lack access to affordable financial services. The grant will fund eligible activities such as personnel compensation, fringe benefits, professional services, travel, training, equipment, supplies, and incorporation costs. The ultimate goal is to empower the CDFI to better serve its target markets, which include minority-owned businesses, non-profit organizations, and Native American communities, in order to foster economic self-determination and community growth across Montana, North Dakota, South Dakota, and Wyoming.
Mod # | Description | Reason For Modification | Federal Obligation (Click to sort descending) | Date (Click to sort ascending) |
|---|---|---|---|---|
| Not listed | $300.0k | 11/21/24 |