Tribal Council Approves $1.5 Million Cash Match


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 - 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

Adam Braun, founder of Pencils of Promise, is giving nonprofits a no-nonsense way to bring entrepreneurship to the next level. Pencils of Promise is a philanthropic organization that focuses on forming sustainable educational programs, and forging long-lasting, partnerships with communities. The organization aims to increase access to quality education and impact students and their families in high-need communities throughout Laos, Ghana and Guatemala.

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