Federal development funds will let Oklahoma tribes expand access to capital
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Garett Fisbeck/Courtesy Citizen Potawatomi Nation
The Citizen Potawatomi Community Development Corp., along with the Osage and Chickasaw nations, are set to get around $30 million in federal funding to help improve small tribal businesses' access to capital.
WASHINGTON-Three Oklahoma tribal nations will receive more than 40% of the initial $73 million in funding from a federal small business initiative that for the first time is being targeted directly to tribes.
The Osage, Chickasaw and Citizen Potawatomi nations will get almost $30 million in small business funding from the State Small Business Credit Initiative, the Biden administration announced last week. The program, part of the pandemic-era American Rescue Plan, aims to improve small business financing.
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