Finance
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- By Tribal Business News Staff
- Finance
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Native CDFI Network has partnered with one of North America’s largest banks to launch an initiative aimed at driving economic growth in Native American communities.
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- By Mark Fogarty
- Finance
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- Video Link: https://youtu.be/orQCArStQek
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Having a Native community development financial institution in a Native community correlates to improved credit scores for residents by a hefty 45 points.
That’s according to Libby Starling, director of community development at the Minneapolis Federal Reserve Bank, who cited research by the Center for Indian Country Development that showed a 45 point average gain in Equifax credit scores in Native communities if there was an average ratio of one Native CDFI staff member to 1,000 residents.
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- By Joe Boomgaard
- Finance
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In his former role leading Grand Rapids, Mich.-based Gun Lake Investments, Kurtis Trevan was a vocal critic of the inequities tribally owned firms face when applying for Minority Business Enterprise certifications at the regional level.
Fast forward a few months after he left the tribally owned private capital investment firm, and the citizen of the Match-E-Be-Nash-She-Wish Band of Pottawatomi Indians is rolling up his sleeves as part of the executive team at the National Minority Supplier Development Council, where he’s tasked with building out an infrastructure to better connect certified MBEs to available sources of capital.
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- By Tribal Business News Staff
- Finance
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BRENTWOOD, Tenn. — Relevance Ventures, a Native American-owned venture capital firm based near Nashville, has been selected by Inc. Magazine for its fourth annual Founder-Friendly Investors list.
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- By Elyse Wild
- Finance
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PITTSBURGH, Pa. — Chrystel Cornelius, the president and CEO of Longmont, Colo.-based Oweesta Corporation, an intermediary for Native community development financial institutions, has been selected as the recipient of the prestigious 27th Heinz Award for the Economy.
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- By Tribal Business News Staff
- Finance
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BRENTWOOD, Tenn. — Native American-owned venture capital fund Relevance Ventures led the $10 million Series A round of funding in Rootine, a Nashville, Tenn.-based precision health startup.
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- By Tribal Business News Staff
- Finance
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MINNEAPOLIS, Minn. — Brown Venture Group LLC, a venture capital firm founded to invest in Black, Latinx and Indigenous technology startups, has received a new commitment of up to $1.5 million from the St. Paul, Minn.-based Bush Foundation.
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- By Joe Boomgaard
- Finance
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TULSA, Okla. — An Indigenous-owned company aims to harness the power of technology to change how Native Americans bank, and in some cases, provide them banking and financial services for the first time.
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- By Joe Boomgaard
- Finance
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Even with a 30-percent increase in allocated funding, the Treasury Department will fail to meet the demand from Native community development financial institutions for the next fiscal year.
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- By Joe Boomgaard
- Finance
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Proposed bank regulatory changes could unlock new sources of capital in Indian Country and signal what Native advocates describe as “major progress” in their decades-long push for representation.