Tribal Council approved a $1.5 million grant application as cash match to the U.S. Treasury's Community Development Financial Institution Program for the Cherokee Nation's Economic Development Trust Authority (EDTA).
The EDTA will use $650,000, administered by Cherokee Nation Businesses, in matching funds for the Native American CDFI Assistance Grant application to the U.S. Treasury. The EDTA runs under the Commerce Services and offers micro-enterprise, small business and employee loans.
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Federal Programs Related to - Rural Economic Development
Programs that provide technical assistance, venture capital, loans, loan guarantees or other forms of management support to encourage the establishment and growth of business and industry in rural areas. Rural Industries
Federal Programs Related to - Community Economic Development
Programs that provide technical assistance and funds to help communities retain and recycle income within the community by investing in the development of local institutions and businesses.
Business Growth; Business Loans; Economic Growth; Economic Transformation; Real Estate Organizations; Socioeconomic Development; Technology Transfer; Transfer of Technology; Urban Enterprise Zones