Nacdc Financial Services Inc

THIS EDA INVESTMENT SUPPORTS THE MOUNTAIN | PLAINS REGIONAL NATIVE CDFI COALITION, LED BY THE FOUR BANDS COMMUNITY FUND, WITH GROWING THE INDIGENOUS FINANCE SECTOR IN MONTANA, NORTH DAKOTA, SOUTH DAKOTA, AND WYOMING BY EXPANDING ECONOMIC OPPORTUNITY IN NATIVE AMERICAN COMMUNITIES THROUGH AN ALLIANCE OF NINE NATIVE COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS (CDFIS). THE PROJECTS FUNDED AS PART OF THIS AWARD INCLUDE THE CREATION OF A REGIONAL REVOLVING LOAN FUND INTENDED TO STRATEGICALLY DEPLOY FINANCIAL INVESTMENTS TO NATIVE ENTREPRENEURS AND SMALL BUSINESSES. EDA FUNDING ALSO WILL STAND UP A WORKFORCE TRAINING PROGRAM, IMPROVE DATA INFRASTRUCTURE, AND MAKE OTHER INVESTMENTS THAT WILL EXPAND THE CAPACITY OF THE INDIGENOUS FINANCIAL SECTOR. ONCE IMPLEMENTED, THE INVESTMENT WILL HELP DEVELOP AND STRENGTHEN REGIONAL INDUSTRY CLUSTERS - ALL WHILE EMBRACING ECONOMIC EQUITY, CREATING GOOD-PAYING JOBS, AND ENHANCING U.S. COMPETITIVENESS GLOBALLY.

PURPOSE: TO PROMOTE ECONOMIC REVITALIZATION AND COMMUNITY DEVELOPMENT THROUGH INVESTMENT IN AND FINANCIAL ASSISTANCE TO NATIVE COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS (CDFIS). PLANNED ACTIVITIES: FINANCIAL ASSISTANCE MUST BE USED FOR FINANCIAL PRODUCTS, FINANCIAL SERVICES (REGULATED INSTITUTIONS ONLY), DEVELOPMENT SERVICES, LOAN LOSS RESERVES, AND CAPITAL RESERVES (REGULATED INSTITUTIONS ONLY), IN AN ELIGIBLE MARKET OR THE RECIPIENT’S APPROVED TARGET MARKET SERVING NATIVE COMMUNITIES. END GOALS: THE GOAL OF THE FINANCIAL ASSISTANCE IS FOR NATIVE CDFIS TO BUILD THEIR FINANCIAL CAPACITY TO LEND TO ELIGIBLE MARKETS AND/OR THEIR TARGET MARKETS, IN ORDER TO SERVE LOW INCOME PEOPLE, AND COMMUNITIES ACROSS THE NATION THAT LACK ADEQUATE ACCESS TO AFFORDABLE FINANCIAL PRODUCTS AND FINANCIAL SERVICES. BENEFICIARIES: PROFIT ORGANIZATION, PRIVATE NONPROFIT INSTITUTION/ORGANIZATION (INCLUDES INSTITUTIONS OF HIGHER EDUCATION AND HOSPITALS), NATIVE AMERICAN ORGANIZATIONS (INCLUDES INDIAN GROUPS, COOPERATIVES, CORPORATIONS, PARTNERSHIPS, ASSOCIATIONS). SUBRECIPIENTS: THERE ARE NO SUBRECIPIENTS FOR THIS PROGRAM. BROADBAND: SPECIFIC ACTIVITIES RELATING TO BROADBAND USAGE ARE NOT KNOWN AT THE TIME OF AWARD. REASON/PURPOSE OF MODIFICATION: NOT APPLICABLE.

CDFI RAPID RESPONSE PROGRAM AWARD

NATIVE AMERICAN INITIATIVES AWARD

PURPOSE: TO PROMOTE ECONOMIC REVITALIZATION AND COMMUNITY DEVELOPMENT THROUGH INVESTMENT IN AND FINANCIAL ASSISTANCE TO NATIVE COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS (CDFIS). PLANNED ACTIVITIES: FINANCIAL ASSISTANCE MUST BE USED FOR FINANCIAL PRODUCTS, FINANCIAL SERVICES (REGULATED INSTITUTIONS ONLY), DEVELOPMENT SERVICES, LOAN LOSS RESERVES, AND CAPITAL RESERVES (REGULATED INSTITUTIONS ONLY), IN AN ELIGIBLE MARKET OR THE RECIPIENT’S APPROVED TARGET MARKET SERVING NATIVE COMMUNITIES. END GOALS: THE GOAL OF THE FINANCIAL ASSISTANCE IS FOR NATIVE CDFIS TO BUILD THEIR FINANCIAL CAPACITY TO LEND TO ELIGIBLE MARKETS AND/OR THEIR TARGET MARKETS, IN ORDER TO SERVE LOW INCOME PEOPLE, AND COMMUNITIES ACROSS THE NATION THAT LACK ADEQUATE ACCESS TO AFFORDABLE FINANCIAL PRODUCTS AND FINANCIAL SERVICES. BENEFICIARIES: PROFIT ORGANIZATION, PRIVATE NONPROFIT INSTITUTION/ORGANIZATION (INCLUDES INSTITUTIONS OF HIGHER EDUCATION AND HOSPITALS), NATIVE AMERICAN ORGANIZATIONS (INCLUDES INDIAN GROUPS, COOPERATIVES, CORPORATIONS, PARTNERSHIPS, ASSOCIATIONS). SUBRECIPIENTS: THERE ARE NO SUBRECIPIENTS FOR THIS PROGRAM. BROADBAND: SPECIFIC ACTIVITIES RELATING TO BROADBAND USAGE ARE NOT KNOWN AT THE TIME OF AWARD. REASON/PURPOSE OF MODIFICATION: NOT APPLICABLE.

INOKESQUETEE SAKI (YELLOWBIRD) WORKFORCE DEVELOPMENT & FELLOWSHIP PROGRAM FOR THE INDIGENOUS FINANCE INDUSTRY - OBJECTIVES: WITHIN THE NEXT THREE YEARS, 5,000 NATIVE STUDENTS WILL BECOME AWARE OF THE INDIGENOUS FINANCE INDUSTRY AS A VIABLE CAREER PATH THROUGH THE DESIGN AND IMPLEMENTATION OF A REGIONAL RECRUITMENT STRATEGY. IMPLEMENT A SUSTAINABLE NATIVE CDFI LENDING CERTIFICATE PROGRAM, SO THAT BY THE END OF 2028, 75% OF PROGRAM PARTICIPANTS WILL FIND EMPLOYMENT AND INCREASE THEIR ANNUAL INCOME. TO ESTABLISH AND LEVERAGE CROSS-SECTOR PARTNERSHIPS WITH MENTAL HEALTH, SOCIAL SERVICE, AND FINANCIAL INSTITUTIONS TO DEVELOP AND PILOT FINANCIAL MANAGEMENT SERVICES WITHIN THE NEXT 36 MONTHS, AIMING TO IMPROVE THE FINANCIAL WELL-BEING AND STABILITY OF INDIVIDUALS. SUMMARY: NACDC FINANCIAL SERVICES WILL IMPLEMENT THE INOKESQUETEE SAKI (YELLOWBIRD) WORKFORCE DEVELOPMENT & FELLOWSHIP PROGRAM TO STRENGTHEN THE INDIGENOUS FINANCE INDUSTRY. THE PROJECT WILL CREATE PATHWAYS FOR NATIVE PROFESSIONALS THROUGH COMPREHENSIVE TRAINING, EMPLOYMENT NETWORKS, AND PROFESSIONAL DEVELOPMENT OPPORTUNITIES. THE PROGRAM AIMS TO ESTABLISH A PIPELINE OF 30 SKILLED PROFESSIONALS WHO CAN BUILD AND MAINTAIN STRONG FINANCIAL SYSTEMS WITHIN NATIVE COMMUNITIES. THROUGH A SUSTAINABLE LENDING CERTIFICATE PROGRAM, THE PROJECT WILL PREPARE PARTICIPANTS FOR CAREERS IN NATIVE COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS (CDFIS), ENABLING THEM TO SUPPORT LOCAL ECONOMIC GROWTH. THE INITIATIVE INCLUDES DEVELOPING PARTNERSHIPS WITH FINANCIAL INSTITUTIONS AND SERVICE PROVIDERS TO ENHANCE FINANCIAL LITERACY AND MANAGEMENT SKILLS. THE PROGRAM ADDRESSES THE NEED FOR INCREASED ACCESS TO CAPITAL AND FINANCIAL SERVICES IN NATIVE COMMUNITIES, WITH GOALS OF BOOSTING BUSINESS GROWTH, CREATING JOBS, AND BUILDING ECONOMIC STABILITY. SUCCESS METRICS INCLUDE ENGAGING 5,000 STUDENTS IN CAREER AWARENESS, ACHIEVING 75% EMPLOYMENT PLACEMENT FOR PROGRAM PARTICIPANTS, AND IMPROVING FINANCIAL CAPABILITIES FOR 100 COMMUNITY MEMBERS THROUGH ENHANCED SERVICES.

NATIVE AMERICAN INITIATIVES AWARD

NATIVE AMERICAN INITIATIVES AWARD

NATIVE AMERICAN INITIATIVES AWARD

NATIVE AMERICAN INITIATIVES AWARD

GROWING FINANCIAL CAPABILITY AND BUSINESS DEVELOPMENT FOR MONTANAAAS NATIVE COMMUNITIES PROJECT

PURPOSE: TO SUPPORT CERTIFIED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS (CDFIS) TO PROVIDE AN ALTERNATIVE TO HIGH COST SMALL DOLLAR LOANS, AS WELL AS HELP UNBANKED AND UNDERBANKED POPULATIONS BUILD CREDIT, ACCESS AFFORDABLE CAPITAL, AND ALLOW GREATER ACCESS INTO THE MAINSTREAM FINANCIAL SYSTEM. PLANNED ACTIVITIES: THROUGH THE SDL PROGRAM, THE CDFI FUND WILL PROVIDE GRANTS FOR LOAN LOSS RESERVES (LLR) THE AWARDS WILL ENABLE A CDFI TO ESTABLISH A LOAN LOSS RESERVE FUND IN ORDER TO DEFRAY THE COSTS OF ESTABLISHING OR MAINTAINING A SMALL DOLLAR LOAN PROGRAM. GRANTS FOR TECHNICAL ASSISTANCE (TA) THE AWARDS WILL SUPPORT TECHNOLOGY, STAFF SUPPORT, AND OTHER ELIGIBLE ACTIVITIES TO ENABLE A CERTIFIED CDFI TO ESTABLISH AND MAINTAIN A SMALL DOLLAR LOAN PROGRAM. END GOALS: EXPECTED OUTCOMES ARE AN INCREASE IN SMALL DOLLAR LENDING TO HELP UNBANKED AND UNDERBANKED POPULATIONS BUILD CREDIT, ACCESS AFFORDABLE CAPITAL, AND ALLOW GREATER ACCESS INTO THE MAINSTREAM FINANCIAL SYSTEM. BENEFICIARIES: NONPROFIT ORGANIZATIONS, FOR PROFIT ORGANIZATIONS AND OTHER PRIVATE INSTITUTIONS/ORGANIZATIONS IN THE FORM OF FEDERALLY INSURED DEPOSITORY INSTITUTIONS, OR FEDERALLY INSURED CREDIT UNIONS THAT ARE CERTIFIED CDFIS. SUBRECIPIENTS: THERE ARE NO SUBRECIPIENTS FOR THIS PROGRAM. BROADBAND: NOT APPLICABLE. REASON/PURPOSE OF MODIFICATION: NOT APPLICABLE.

NATIVE AMERICAN INITIATIVES AWARD

NATIVE AMERICAN INITIATIVES AWARD

THE PROPOSED PROJECT WILL GROW AND STRENGTHEN THE NUMBER OF BEGINNING NATIVE FARMERS AND RANCHERS ON FOUR INDIAN RESERVATIONS IN MONTANA BY HELPING THEM BUILD AND ACCESS FINANCIAL AND BUSINESS TOOLS NEEDED TO MAKE INFORMED DECISIONS AND ENHANCE THE SUSTAINABILITY OF THEIR OPERATIONS. 100% OF THE PROJECT BUDGET WILL GO TOWARDS SERVING NATIVE AMERICAN FARMERS AND RANCHERS.

NATIVE AMERICAN INITIATIVES AWARD

SEC. 6022 RMAP-RURAL MICRO ASSISTANCE GRANTS (DISC)

SEC. 6022 RMAP-RURAL DEVELOP GRANTS (MAN)

SEC. 6022 RMAP-RURAL DEVELOP GRANTS (MAN)

SEC. 6022 RMAP-RURAL DEVELOP GRANTS (MAN)

SEC. 6022 RMAP-RURAL MICRO DEVELOP ORGANIZATIONS GRANTS (DISC)

SEC. 6022 RMAP-RURAL DEVELOP GRANTS (MAN)

SEC. 6022 RMAP-RURAL MICRO DEVELOP ORGANIZATIONS GRANTS (DISC)