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...



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