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Finance

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Officials from the United States Treasury plan to announce more than $86 million in State Small Business Credit Initiative (SSBCI) funding for two dozen tribal governments during the White House Tribal Nations Summit today.   

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Revised regulations to a law meant to assess and support banks in meeting the credit needs of the communities they serve could increase support for Native businesses, communities, and individuals. 

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Small Business Administration (SBA) lending to Native-owned companies has increased under the Biden administration, according to information the agency shared Friday with Tribal Business News.  

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Two prominent Indigenous venture capital funds on Saturday announced a new organization aimed at narrowing the gap between Native entrepreneurs and the capital sources that many other founders often take for granted.  

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Native Americans are the most unbanked group in the country, with 16% lacking access to banking services. This can lead to a range of challenges, including difficulty accessing credit, paying for basic necessities, and gaining financial literacy.

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Native Community Development Financial Institutions (CDFIs) are about to have an eventful October, according to Pete Upton, CEO and chairperson of the national Native CDFI Network. 

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If you’ve seen one Native Community Development Financial Institution (Native CDFI), you’ve seen one Native CDFI. They’re unique and diverse.

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Native Community Development Financial Institutions are calling on Congress to increase funding that would bolster community development and economic opportunities in Indian Country.  

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Native CDFI Network and the Native Partnership for Housing, a Native CDFI serving three states in the southwest, are partnering to highlight a “cross-sector” approach to advancing economic equity in Indian Country.  

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The crucial skill in shrinking the financial literacy gap for Native Americans probably has less to do with numbers and finance than it does with communication and listening.