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Finance

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In early 2023, the Federal Home Loan Bank of Topeka (FHLB Topeka) wondered if they would see demand for a new grant program for Native American housing projects.   

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A new grant fund could help close the funding gap for Native homeowners in several southwestern states. 

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Artemis, a Vancouver-based technology company led by Indigenous co-founder Josh Gray, has secured $1.5 million in pre-seed funding to simplify data preparation and automate data cleaning for businesses. 

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In a move hailed as a "significant step forward,” U.S. Reps. Gwen Moore (D-WI) and David Schweikert (R-AZ) introduced the bipartisan Tribal Tax and Investment Reform Act on Wednesday. 

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This week, the Native CDFI Network and Tribal Business News are launching a yearlong podcast series highlighting how Native community development financial institutions (CDFIs) work alongside their small business clients to accelerate change and create economic opportunities in Native communities.

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The Chickasaw Nation announced the establishment of Pennington Creek Capital, a private capital investment firm set to open an office in Dallas, Texas. 

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LAS VEGAS — The United States Treasury announced a new round of approvals for tribal support under the State Small Business Credit Initiative (SSBCI), a 2010 program aimed at helping open new avenues to credit by supporting funding institutions. 

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A settlement between the state of Colorado and Kansas-based debt collector TrueAccord will refund $500,000 to borrowers who defaulted on loans issued by tribal lending entities. 

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The Cherokee Nation said it received a $500,000 grant from the Department of Agriculture’s Rural Development agency in support of Cherokee citizen-owned small businesses.

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The Navajo Nation said it received notice Friday that it was awarded $88.7 million through the Treasury's State Small Business Credit Initiative (SSBCI) program.