Wednesday, September 14, 2022

Government Grants For Native American Small Business

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The National Center For American Indian Enterprise Development

Federal grant will give boost to Native American businesses

For more than four decades, the NCAIED has been providing resources for Native American small businesses.

The primary goal of the NCAIED is to develop businesses, work with these businesses to staff them with other Native Americans. They also provide other resources the businesses need to continue to grow and excel.

Ncai Offers $140k Grants To Native

Details

The National Congress of American Indians is offering a $140,000 grant program aimed at shoring up Native-owned small businesses adversely affected by the COVID-19 pandemic.

Washington, D.C.-based NCAI is seeking applications for 28 business stabilization grants worth $5,000 apiece. Successful applicants must be able to demonstrate how their businesses have been curtailed because of the pandemic.

The funding can be used for a range of activities to address urgent needs in the business, such as paying existing small business loans, keeping people employed and paying vendors.

As well, NCAI said the funding can be used to improve the resilience of the business, such as purchasing equipment or software that will allow the owners to transition their companies to take advantage of e-commerce channels, which have become increasingly important given various state-level restrictions on in-person contact to address the spread of COVID-19.

Native-owned small businesses serve as the lifeblood of many tribal communities across the country, providing critical jobs and income to tribal citizens and their families while at the same time enriching the quality of community life by providing goods and services to local residents and the public at-large, according to the NCAI request for applications for the grant.

The organization credited financial support from Google.org for making the grants possible.

NCAI will accept applications on a rolling basis until all funds are exhausted.

Shuttered Venue Operators Grant

The SVOG is a grant program administered by the Small Business Administration that provides emergency financial assistance to eligible shuttered venues affected by the COVID-19 pandemic. Eligible venues include live venue operators or promoters, live performing arts organization operators, theatrical producers, relevant museum operators, zoos and aquariums who meet specific criteria, motion picture theater operators and talent representatives.

Applicants may be eligible for grant amounts that equal to 45% of their gross earned revenue, up to a maximum of $10 million. The SBA will start accepting applications for this grant on April 8, 2021, through their SVOG portal.

on how Challenge.gov works and how you can participate.

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Are You A Federally Recognized Tribe Looking To Establish Or Expand A Business Learn How A Nabdi Grant Can Help You Explore Opportunities

Every year, our Native American Business Development Institute offers the opportunity for tribes to receive funding to hire consultants to conduct feasibility studies on the viability of a business, technology, or economic development project.

For 2021, we plan to award 20-35 grants. There is no minimum or maximum amount of funding that can be requested, but most awards range in value from $25,000 to $75,000.

All NABDI projects must be completed within one year unless a no-cost extension is provided by the awarding official.

NABDI grants are discretionary and go through a competitive evaluation process. They are not self-determination/638 contracts that are awarded through the Public Law 93-638 process and give a tribe authority over programs operated by the federal government for the tribes benefit.

Learn How Businesses Obtain Credit

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  • Commercial Real Estate Construction Loans
Native American Bank selectively participates in the following Government Guaranteed Loan Programs:
  • US Department of Interior-Indian Energy & Economic Development
  • US Department of Agriculture/Farm Services Administration
  • Small Business Administration

Native American Banks loans are available in all 50 states, and we can tailor a loan product to meet your unique needs.

As a result of our commitment and everyday involvement in Indian Country, we are experienced with the unique issues of Tribal Law, Trust Lands, Tribal Sovereignty and the many steps involved in completing loan transactions. Where appropriate, Native American Bank utilizes government guaranteed lending programs that offer added flexibility and more favorable terms than can be obtained without such support. These programs are offered by Federal Agencies such as the Small Business Administration , Bureau of Indian Affairs and the United States Department of Agriculture .

For more information or application forms on Business, Consumer or Government Guaranteed Lending, please use one of the contacts below:

  • Denver, CO Home Office: 720.963.6002
  • Browning, MT Office: 406.338.7000

For information needed by current borrowers on loan account transactions, call our Loan Operations Department at 720.963.6003.

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Aboriginal Youth Internship Subsidy

Canada Mortgage and Housing Corporation Housing Internship Initiative for First Nations and Inuit Youth

Help a First Nations or Inuit youth between 15 and 30 develop work experience for a brighter future with this program and get their wages vacation pay and EI, pension plan, and workers compensation premiums subsidized with this program.

As long as your business is also First Nation or Inuit owned, or is a First Nation or Inuit council, you have an office in a First Nation or Inuit community, and you have the time and resources to offer on-the-job training, you can take advantage of this program.

But youll have to cover the interns travel and housing costs if youre outside the community and also cover any administrative costs such as safety equipment that might be involved in the interns position. The minimum employment term is 8 weeks, but you can choose to keep them at the subsidized rate for up to 2 years.

This one is mutually beneficial since it gives you an additional employee at a fraction of the cost and one that could have new ideas. And you can employ them in a number of different areas including administration or office positions,

maintenance, construction, renovation, or client counselling.

If youre interested in applying, all you have to do is contact a First Nation Housing Specialist.

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This is what Indian Country has been waiting for! Native Business Center is very ecstatic for this news we received, stay tuned for updates! Bill now headed to Presidents desk for signature into law September 23, 2020 WASHINGTON, D.C. The National Center for American Indian Enterprise Development cheered House passage of S. 294, the Native

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Native American Small Business Grant

Are you a Native American who has a small business but still looking for a grant to start up or grow your business? There are numerous grants put in place by the American government to help people get the necessary funding they need.

Both state and Federal governments give grants to Native American small business owners. Grants are free money given by the government which is not expected to be paid back.

John F. Kennedys once said, Ask not what your country can do for you ask what you can do for your country. Governments grants for Native American small business is not just for anyone. it is mainly for those who are able and are willing to contribute in some way to the public good.

However, starting a new business can be very challenging. It takes guts and determination, but as an entrepreneur you already have them. But what you may not have is capital. So how can you get access to these grants?

let us discuss some of these grants and ways to apply for them. shall we?

Indian Equity Fund Small Business Grants

Native American-owned businesses receive grants in Montana

PURPOSE: The Indian Equity Fund Small Business Grant is a grant to assist a start-up or expanding Native American business in Montana. This money can be used for a variety of activities such as the purchase of new equipment or the development of a new product line. A total of $320,000 is available to fund Native American businesses in Montana.

GRANT APPLICATION PERIOD: July 1, 2022 to August 31, 2022

ELIGIBLE APPLICANTS: The funds are available to enrolled members of the eight federally recognized tribes in Montana. All applications must include documentation of tribal enrollment in the form of a Certified Indian Blood Form or tribal ID. An application will be considered incomplete without this information.

GRANT AMOUNT: Awards for individual businesses can be up to $14,000 with a minimum dollar to dollar cash or in-kind match and must be firmly committed and documented in the application.

GUIDELINES: Click HERE for the 2022 IEF program guidelines.

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Contact Information

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Native American Bank Provides A Full Range Of Business Loans Available To Anyone But We Focus On Lending To Tribes Tribally

Types Of Business Loans:
  • Secured Revolving Lines of Credit
  • Secured Letters of Credit
  • Commercial Real Estate Construction Loans
Native American Bank selectively participates in the following Government Guaranteed Loan Programs:
  • US Department of Interior-Indian Energy & Economic Development
  • US Department of Agriculture/Farm Services Administration
  • Small Business Administration

Native American Banks loans are available in all 50 states, and we can tailor a loan product to meet your unique needs.

As a result of our commitment and everyday involvement in Indian Country, we are experienced with the unique issues of Tribal Law, Trust Lands, Tribal Sovereignty and the many steps involved in completing loan transactions. Where appropriate, Native American Bank utilizes government guaranteed lending programs that offer added flexibility and more favorable terms than can be obtained without such support. These programs are offered by Federal Agencies such as the Small Business Administration , Bureau of Indian Affairs and the United States Department of Agriculture .

For more information or application forms on Business, Consumer or Government Guaranteed Lending, please use one of the contacts below:

  • Denver, CO Home Office: 720.963.6002
  • Browning, MT Office: 406.338.7000

For information needed by current borrowers on loan account transactions, call our Loan Operations Department at 720.963.6003.

Rural Business Development Grants

This grant is for small business owners operating in an area under 50000 population density. The rural business development grants are sponsored through the Department of Agriculture. The program is mainly for small businesses with smaller funding needs. The granting amount usually ranges from $10000 to $50000.

ELIGIBILITY

For the Native American small business owner to qualify for this grant, aside from your business plan. You must show that your small business creates jobs. And are in line with the local economic development priorities.

Deadline:

Not specified

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Zenbusiness Is Here For You

Finding the right resources for your Native American-owned business can broaden your business horizons and unveil a whole new world of possibilities.

Here at ZenBusiness, we believe that minority-owned businesses matter. We want to help connect you with the many opportunities available to you.

But theres so much more we can do.

Whether you want to start a business, improve your business, or fund new business opportunities, were standing by to connect you with the resources you need to achieve your goals.

Feel free to learn about other benefits available to minority-owned businesses, and peruse one of our state-specific guides on how to start a business. If youre ready to launch your own limited liability company or corporation, we can help you with our business formation plans. We are here for you every step of the way.

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Native Business Center congratulates the Northwest Native Development Fund . This is exciting news for Indian Country! Good job NNDF! September 25, 2020 Coulee Dam Washington The Northwest Native Development Fund learned yesterday that they will become the recipient of a $1,083,300 award for the expansion of services and to increase the volume of

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Business Resources For Native American Entrepreneurs

Detailed list of various resources and government programs available for minority-owned businesses, specifically Native American entrepreneurs.

Are you a Native American with entrepreneurial aspirations? There are many business resources for Native American entrepreneurs that are available, from loan programs to financial grants to free education. Lets take a look at the resources!

The Best Resources For Indigenous American Entrepreneurs

Are you ready to discover your MBA program?

Entrepreneurs create new business opportunities for themselves and their communities. According to the most recent census, Indigenous Americans comprise 2.09% of the United States population. Comparatively, Indigenous Americans own and operate nearly 6% of all U.S. businesses, approximately 24,430 across the country.

Some unique difficulties may hinder Indigenous American entrepreneurs from opening small businesses. Indigenous entrepreneurs receive fewer opportunities to access funding, land, and business mentorship support from national and local institutions. Many organizations nonprofit, Native-led, and federal work to advance Indigenous entrepreneurs through financial, educational, and networking opportunities.

Indigenous-led and centered organizations provide additional funding opportunities specifically for Indigenous entrepreneurs.

While Indigenous entrepreneurs can purchase or lease land for business development across the United States, the low rates of such access highlights the underrepresentation of Indigenous entrepreneurs obtaining this land. Additionally, limited property rights for tribal lands restrict access to Indigenous land for new business ventures within the cultural community.

The following sections use each organizations preferred language for describing origin, tribal affiliation, and location.

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Rural Business Enterprise Grants

The United State Department of Agriculture’s Rural Business Enterprise grants provide funds to help support and grow Native American businesses and provide jobs. Grants awarded in 2014 include $200,000 to Minnesota’s White Earth Tribal Council for tribal business expansion and renovation, and $97,609 to Connecticut’s Mohegan tribes for member job training.

Applications for the RBEG grants for Native Americans must be made by officials of federally recognized tribes. Amounts awarded range from $10,000 to $500,000 without a cost-sharing requirement. These applications are accepted annually through a state or local RBEG office. Deadlines for application submission vary by state.

How To Apply For A Small Business Grant

COVID-19 Funding for Native American Business Owners

If getting free money was easy, everybody would be doing it. The lengthy application process deters many business owners from applying for fundingâbut even if the pool of applicants is small, the competition is high. If you find a grant that seems like the right fit for your business, itâs important to stand out from the rest.

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Youre Our First Priorityevery Time

We believe everyone should be able to make financial decisions with confidence. And while our site doesnt feature every company or financial product available on the market, were proud that the guidance we offer, the information we provide and the tools we create are objective, independent, straightforward and free.

So how do we make money? Our partners compensate us. This may influence which products we review and write about , but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. Our partners cannot pay us to guarantee favorable reviews of their products or services.Here is a list of our partners.

Create A Business Plan

A business plan is required for SBA loans, DOI loans and bank loans. Even if a lender doesnt require a business plan, you should consider it essential to your business. A business plan helps you focus on the right things as you grow your company and forces you to be realistic about revenue, profit and expense projections. With a business plan, youll also have a better idea of exactly how much you need to borrow.

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Navs Quarterly $10000 Business Grant

Each quarter, Navâa financing marketplace for businessesâawards a $10,000 grant to a small business .

You donât need to meet any special criteria to apply. You just need to sign up for a free Nav account and post on social media about what your business plans to do with the grant.

You can learn more here.

Native American Small Business Grant Tips

NATIVE AMERICAN SMALL BUSINESS GRANTS Listings Updated ...

As mentioned earlier in the introduction, I will be giving out some tips on getting a Native American small business grant.

Here are some tips on how to get more grants:

  • Make sure that the time spent in applying for the grant is actually worth the grant amount.
  • Make sure you look for New grants opportunities
  • Try to provide specific numbers on how the grants will be used and how they will also help
  • Always double-check your grammar and spellings
  • Try sure you are eligible for the grants before spending your time on an application
  • Read over the individual application instructions for each grant. Some are similar, but few are the exact same.
  • When mentioning your small business castor revenue, always try o be realistic
  • Try to submit your application early, it gives you an edge over the others.
  • Back up your claims with credible citations.

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Indigenous Economic Development Fund

The Indigenous Economic Development Fund provides grants and financing to Indigenous entrepreneurs, businesses, communities and organizations. The fund helps promote economic development and improve employment opportunities for Indigenous people.

The fund supports projects that:

  • diversify Indigenous economies
  • increase access to employment and training opportunities
  • provide start-up and expansion financing for small and medium-sized businesses
  • support financing, skills training and other economic development initiatives through collaboration between Indigenous communities and the private sector

The IEDF provides grants and financing through three funding streams:

  • Economic Diversification Grant

Indigenous Community Capital Grants Program

The Indigenous Community Capital Grants Program funds the development of community capital projects that contribute to a sustainable social base and support economic participation in Indigenous communities, both on and off reserve.

The program has funding for three project stages in the capital project process:

  • Feasibility study completion
  • Applications are open for the Indigenous Community Capital Grants Program.

    Extension: Deadline to apply has been extended to February 28, 2022.

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    Resources For Native American

    The federal government provides opportunities in contracting, business development, grants, loans, and other programs for Native American small business owners.

    Its an exciting time to be a Native American business owner. In 2012, the Census Bureau found that there were almost 300,000 Native-American-owned businesses. The same report found that there was a 15% growth in the number of Native American-owned businesses between 2007 and 2012.

    More businesses means more jobs, healthier communities, and a lower poverty rate.

    Unfortunately, there are still challenges for Native American entrepreneurs to overcome. Many of these obstacles are unique to Native American groups. The good news is that there are many resources for Native Americans who want to start a business or improve their existing business. There are also special opportunities to secure business loans, grants, training, and even government contracts.

    To learn more about the opportunities available to you and how we at ZenBusiness can help, jump into the article below.

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