Finance
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- By Brian Edwards
- Finance
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Turning Stone Resort Casino, LLC, a governmental instrumentality of the Oneida Indian Nation, has closed a $440 million senior secured revolving credit facility that will refinance existing debt and provide flexible capital to support a $370 million expansion of its flagship resort in Central New York.
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- By Brian Edwards
- Finance
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The Community Development Financial Institutions Fund on Dec. 23 awarded $10 billion in New Markets Tax Credits to 142 organizations for 2024-2025, including nine organizations that committed to investing in Native areas.
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- By Brian Edwards
- Finance
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Impact investor Mission Driven Finance has closed $1.2 million in financing connected to New Mexico, with loans to four businesses, including a Native woman-owned construction company based in Pueblo de San Ildefonso.
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- By Tribal Business News Staff
- Finance
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Native American Bank and Park State Bank & Trust are providing $6.9 million in joint financing for Tava House Properties' restaurant and event center in Woodland Park, Colorado.
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- By Brian Edwards
- Finance
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The U.S. Department of the Treasury confirmed Thursday that the State Small Business Credit Initiative program will continue through March 11, 2028, resolving uncertainty over a potential deadline change that tribal advocates warned could disrupt tribal lending programs.
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- By Brian Edwards
- Finance
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A national Native American financial advocacy group is warning that a proposed U.S. Treasury deadline change could disrupt tribal governments from deploying federal funds for small- business lending.
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- By Brian Edwards
- Finance
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More than 100 Republican members of Congress urged the Trump administration Thursday to maintain operations at the Community Development Financial Institutions Fund, citing the program's role in supporting economic development in tribal, rural and underserved communities.
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- By Brian Edwards
- Finance
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Sen. Mark R. Warner (D-Va.) warned Tuesday that the Trump administration’s decision to fire all employees at the Treasury Department’s Community Development Financial Institutions Fund could undermine decades of bipartisan investment in underserved communities — including Native nations that rely on the agency’s Native American CDFI Assistance Program.
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- By Tribal Business News Staff
- Finance
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The Ho-Chunk Nation of Wisconsin has closed $610 million in senior secured credit facilities to finance construction of its new flagship casino resort in Beloit.
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- By Brian Edwards
- Finance
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The Trump administration has terminated the entire staff of the Treasury Department's Community Development Financial Institutions Fund, eliminating a federal office that provides critical capital to 69 Native-certified lenders serving tribal communities nationwide.