Tribes to receive $105M in SSBCI funding


Last updated 3/26/2024 at 8:45am

WASHINGTON, D.C.-At the recent Reservation Economic Summit, Janet Yellen, of The United States Treasury, announced a new, third round of approvals for tribal support under the State Small Business Credit Initiative (SSBCI), a 2010 program aimed at helping open new avenues to credit by supporting funding institutions. This third funding round during the past nine months brings the number of SSBCI-support tribes to 80 and the total amount awarded to $265 million.

Tribal Business News notes that these investments are crucial in Indian Country, where, as Yellen reported, nearly 46 percent of peopl...

For access to this article please sign in or subscribe.


Powered by ROAR Online Publication Software from Lions Light Corporation
© Copyright 2024

Rendered 04/22/2024 14:30