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Finance

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A group of Indigenous-focused policy and legal advocates is taking steps to ensure that the U.S. Securities and Exchange Commission is responsive to tribal human and land rights whenever the agency makes disclosures to investors. 

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Indian Country seems like a slam dunk for the New Markets Tax Credit, a program implemented by the Treasury Department to boost investment in economic development and infrastructure in distressed and underserved communities. But just one Native-led organization received an award for an allocation of these tax credits this year, and the sector got nothing for the three years before that.

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For the first time in the six-year history of the Wisconsin Indian Business Alliance, the coalition of four Native community development financial institutions will have a new chair. 

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WASHINGTON — A new equity program originated by the FDIC could be a game-changer for Native American-owned banks, but the devil is in the details whether the investment will be a good deal for those financial institutions.

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With some tribes getting millions and even hundreds of millions of dollars as a result of recent pandemic-related funding, the matter of direct per capita payments to tribal members and how tribes are managing them have emerged as major issues.

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BRENTWOOD, Tenn. — A Tennessee venture capital firm wants to begin doing deals in Indian Country and provide early-stage funding to Native American founders behind startup companies.

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WASHINGTON — A new federal initiative aims to invest $100 million to help Indigenous communities economically recover from the COVID-19 pandemic. 

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WASHINGTON — Native community development financial institutions received a $54.6 million funding boost yesterday as part of the U.S. Department of the Treasury’s CDFI Rapid Response Program. 

Oweesta Executive Director Chrystel Cornelius
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LONGMONT, Colo. — Last summer, Oweesta Corp., the longest standing Native funder of Native-run community development financial institutions in the nation, split from First Nations Development Institute, its parent company for 20 years.

Jason Friedman, CEO of Friedman Associates LLC
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The new Small Dollar Loan program under the U.S. Treasury’s Community Development Financial Institutions Fund could provide some new opportunities for Native CDFIs to serve their clients.