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Finance

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Looking to deepen its role in the defense sector and gain early access to emerging technology firms, Waséyabek has invested $5 million in Michigan Capital Network, a Grand Rapids-based venture capital and angel investing firm recently selected for a federal innovation initiative.

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A bipartisan group of U.S. senators is pressing the White House to release more than $300 million in delayed funding for the Community Development Financial Institutions (CDFI) Fund, including critical support for Native lenders serving tribal communities.

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Native American Bank has allocated $50 million in New Markets Tax Credits to fund five community development projects across Indian Country, with a focus on healthcare facilities and childcare centers serving tribal communities.

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The Mvskoke Fund CDFI recently finalized the largest loan in its history, using federal grant funding to help finance a Muscogee citizen-owned mechanic shop that’s expected to support 10 full-time employees within two years. 

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The U.S. Department of the Treasury is requesting public comments by June 30 on a federal transition to electronic-only payments that will eliminate all government paper checks by September 30, 2025.

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U.S. Senators Catherine Cortez Masto (D-Nev.) and Lisa Murkowski (R-Alaska) plan to  introduce bipartisan legislation today to level the tax playing field between tribes and local and state governments, Tribal Business News has learned.  

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U.S. Sens. Tina Smith and Mike Rounds reintroduced bipartisan legislation Tuesday that would make federal lending programs more accessible to tribal communities and other underserved areas by reducing minimum loan requirements and extending program authorization.

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Jackson Brossy, who helped expand Native American lending and federal contracting at the Small Business Administration's Office of Native American Affairs, has joined Huntington National Bank's financial services team that's focused on Indian Country.

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Native American banks are delivering billions in loans to tribal communities despite being severely undercapitalized compared to their peers, according to a new report highlighting their outsized role in closing credit gaps.

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A tax credit introduced in the Inflation Reduction Act remains a compelling opportunity for tribes hoping to stand up renewable energy projects, even amid shifting priorities in a new administration.