Finance
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- By Joe Boomgaard
- Finance
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Establishing highly effective and well-funded Native community financial development institutions forms one of the critical building blocks in creating healthy and sustainable tribal economies.
That’s a message Patrice Kunesh has heard — and delivered — many times over her distinguished career in the public, private and philanthropic sectors.
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- By Erin Tapahe
- Finance
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As the pandemic continues to disproportionately affect Native American communities, Bank of America saw a need to step up and provide critical resources.
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- By Joe Boomgaard
- Finance
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To help meet the need for long-term “patient” capital in Indian Country, Native CDFI Network is establishing its own national intermediary fund to bring additional resources to Indigenous communities.
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- By Joe Boomgaard
- Finance
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The Native CDFI Network wants to engage with the U.S. Department of the Treasury to discuss how the agency plans to deploy a potentially “transformational” $1.75 billion fund targeted at minority lending institutions.
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- By Mark Fogarty
- Finance
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I can remember the exact instant I became aware that lenders did not make mortgages on American Indian reservations.
It was at a 1994 community development meeting in Honolulu co-hosted by the Federal Reserve and the Federal Home Loan Bank of Seattle. Deval Patrick, later governor of Massachusetts but then the U.S. Assistant Attorney General for civil rights, addressed the meeting and then opened the floor for questions. The first one came at him fast and hard.
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- By Erin Tapahe
- Finance
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ATLANTA, Ga. — In launching the Peachtree Minority Venture Fund, students at Emory University want to address the wide disparity in the amount of venture capital invested in traditionally underrepresented minority groups.
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- By Chez Oxendine
- Finance
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When Cherilyn and Mike Yazzie started Dilkon, Ariz.-based Coffee Pot Farms in 2018, they used their own savings rather than rely on lenders for the upfront costs of starting the agricultural business.
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- By Rob Capriccioso
- Finance
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WASHINGTON — Alaska Republican Sen. Lisa Murkowski is reiterating her call for the creation of an Office of Tribal Affairs in the U.S. Department of the Treasury.
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- By Joe Boomgaard
- Finance
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PENDLETON, Ore. — Dave Tovey never quite grasped an economic lesson from one of his longtime mentors until recently in his career when he began to head up a Native community development financial institution for his tribe.
House infrastructure proposal aims for tribal tax-exempt borrowing parity with states and localities
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- By Rob Capriccioso
- Finance
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WASHINGTON — The U.S. House Ways and Means Committee is in the process of deciding whether to include less restrictive tax-exempt financing opportunities for Indian Country in the $3.5 trillion infrastructure budget reconciliation now under consideration in Congress.