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Finance

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For many Native entrepreneurs, there’s often cliff in their future — and that’s if they’re successful.  

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PHOENIX — Native financial executive Hattie Mitchell has been appointed to a two-year term on the Government Accounting Standard Advisory Council (GASAC).

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WASHINGTON — Not long after Interim CEO Pete Upton (Ponca) welcomed attendees to the Native CDFI Network’s Annual Policy & Capacity Building Summit in Washington DC earlier this month, he announced a last-minute change to the day’s agenda. 

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VIAN, Okla. — Strategic financial consulting firm Native Advisory LLC has earned certification as a B Corporation, a move that could open an array of new business opportunities for the company.

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WASHINGTON — The Supreme Court of the United States on Friday announced it would hear another tribal sovereignty case this term, agreeing to review a case involving a Native American tribe and the U.S. bankruptcy code. 

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TULSA, Okla — Native-founded and -led fintech startup Totem Technologies Inc. plans to use the proceeds from its $2.2 million pre-seed round to continue developing its technology and building out its staff. 

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Earlier this month, the Wells Fargo Foundation launched a $20 million grant initiative to help increase economic opportunities in Native American communities in six states. Dubbed “Invest Native” by the financial giant, the funding will be dispersed to Native-led organizations in Arizona, Montana, New Mexico, North Dakota, South Dakota, and Wyoming.

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Newly proposed changes to a U.S. Department of the Treasury fund that has been critical to driving Native economic development and access to capital could have devastating effects in Indian Country. 

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The Native CDFI Network, a national advocacy and policy organization, is launching a new weekly online series about creating economic opportunities for Native communities. 

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SAN FRANCISCO — Wells Fargo last week announced a $20 million grant initiative to help increase economic opportunities in Native American communities in six states.