Finance
- Details
- By Brian Edwards
- Finance
- Type: Default
- Paywall Status: Protected
- Reader Survey Question: No Question
A national Native American financial advocacy group is warning that a proposed U.S. Treasury deadline change could disrupt tribal governments from deploying federal funds for small- business lending.
- Details
- By Brian Edwards
- Finance
- Type: Default
- Paywall Status: Protected
- Reader Survey Question: No Question
More than 100 Republican members of Congress urged the Trump administration Thursday to maintain operations at the Community Development Financial Institutions Fund, citing the program's role in supporting economic development in tribal, rural and underserved communities.
- Details
- By Brian Edwards
- Finance
- Type: Default
- Paywall Status: Protected
- Reader Survey Question: No Question
Sen. Mark R. Warner (D-Va.) warned Tuesday that the Trump administration’s decision to fire all employees at the Treasury Department’s Community Development Financial Institutions Fund could undermine decades of bipartisan investment in underserved communities — including Native nations that rely on the agency’s Native American CDFI Assistance Program.
- Details
- By Tribal Business News Staff
- Finance
- Type: Default
- Paywall Status: Protected
- Reader Survey Question: No Question
The Ho-Chunk Nation of Wisconsin has closed $610 million in senior secured credit facilities to finance construction of its new flagship casino resort in Beloit.
- Details
- By Brian Edwards
- Finance
- Type: Default
- Paywall Status: Protected
- Reader Survey Question: No Question
The Trump administration has terminated the entire staff of the Treasury Department's Community Development Financial Institutions Fund, eliminating a federal office that provides critical capital to 69 Native-certified lenders serving tribal communities nationwide.
- Details
- By Tribal Business News Staff
- Finance
- Type: Default
- Paywall Status: Protected
- Reader Survey Question: No Question
A Native community development financial institution that has helped tribes reacquire 70,000 acres of ancestral land is preparing for its next growth phase under new leadership.
- Details
- By Tribal Business News Staff
- Finance
- Type: Default
- Paywall Status: Protected
- Reader Survey Question: No Question
WarHorse Gaming, LLC, Nebraska’s largest casino operator, has refinanced $300 million in startup loans with a new five-year deal that will fund ongoing expansions and the construction of a third casino.
- Details
- By Brian Edwards
- Finance
- Type: Default
- Paywall Status: Protected
- Reader Survey Question: No Question
Ten Native community development financial institutions will receive $1.95 million in technical assistance grants from the U.S. Treasury Department — about half of the $3.72 million awarded in the previous fiscal year through the Native American CDFI Assistance (NACA) program, according to Treasury.
- Details
- By Tribal Business News Staff
- Finance
- Type: Default
- Paywall Status: Protected
- Reader Survey Question: No Question
The Dry Creek Rancheria Band of Pomo Indians secured a $225 million financing commitment from Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) to support construction of the Caesars Republic Sonoma County resort on the site of the current River Rock Casino.
- Details
- By Brian Edwards
- Finance
- Type: Default
- Paywall Status: Protected
- Reader Survey Question: No Question
Native American Bank opened its first retail branch in Washington state earlier this month, marking the next step in a strategic push into Pacific Northwest markets where nearly half of all federally recognized tribes are located.