Governor Steve Bullock today awarded $320,000 in funding to support the growth of 25 Native American-owned businesses across Montana through the Indian Equity Fund Small Business Grant program.
“Encouraging the growth of Native American-owned and operated businesses boosts not only the businesses themselves, but also helps strengthen local economies in the communities they operate in,” Governor Bullock said. “Indian Equity Fund dollars are an important investment in the future of businesses and tribal communities across Montana.”
Each business will receive between $7,000 and $14,000 to help with costs related to land purchases, building, equipment, assets, technology, operational costs, and working capital.
The Indian Equity Fund builds partnerships with tribal governments by investing in Native American entrepreneurships and small businesses and encouraging economic development in tribal nations for the benefit of tribal communities and members.
The following businesses will receive grants through the Indian Equity Fund:
Blackfeet Nation
Chippewa Cree Tribe
Crow Nation
Fort Belknap Assiniboine and Gros Ventre Tribes
Fort Peck Assiniboine and Sioux
Little Shell Chippewa Tribe
Northern Cheyenne Tribe
Grants through the Indian Equity Fund are awarded through a competitive application process administered by the Department of Commerce. Funding awards require in-kind matching funds from grant recipients. Applicants are encouraged to work with their local Native American Business Advisors year-round not only to put together competitive applications, but also to gain valuable business skills and access to business counseling services.
Learn more at INDIANCOUNTRY.MT.GOV.