Commerce Announces Grant Opportunities for Tribal Business Development | News

$840,000 of funding obtainable to bolster Indigenous entrepreneurship in Montana

HELENA — The Montana Section of Commerce introduced that application durations for 4 grant plans aimed at bolstering tribal company improvement and reinforce indigenous entrepreneurship in Montana are now open. The grant funding is presented by Commerce’s Business office of Indian Region Financial Progress (OICED).

“These initiatives underline Commerce’s perseverance to offer not just funding, but a platform for impressive thoughts to flourish, corporations to grow and traditions to thrive,” said Scott Osterman, Director of the Montana Division of Commerce. “Through these grants, tribal enterprises are empowered to travel innovation, build possibilities and form a prosperous future for their communities.”

Tiny organization homeowners who are enrolled customers of Montana’s tribal nations are invited to use for the Indian Equity Fund (IEF) Smaller Small business Grant, a dynamic initiative aimed at fortifying the expansion of tiny-scale enterprises. The grant serves as a catalyst for growing the scope of indigenous entrepreneurship and enhancing neighborhood financial vitality. The IEF grant at the moment has $320,000 of funding accessible. Software period: September 1 – Oct 31, 2023.

The Indigenous American Business enterprise Advisor (NABA) grant offers a beneficial chance for aspiring indigenous entrepreneurs to accessibility professional steering, mentorship and resources to kickstart their enterprise ventures. The method is created to give a strong foundation for achievements and sustainability in the aggressive small business landscape. The NABA grant now has $160,000 of funding out there. Software period: September 1 – October 16, 2023.

The Tribal Business Progress Grant (TBDG) provides tribal governments or tribally owned businesses a one of a kind possibility to protected funding for shovel-ready jobs that will travel financial prosperity and sustainability. This grant empowers Montana’s tribally owned, for-financial gain enterprise enterprises to develop, diversify, flourish and eventually lead to the all round progress of tribal communities. The TBDG grant at the moment has $240,000 of funding readily available. Application period of time: September 15 – Oct 25, 2023.

In recognition of the importance of tribal tradition and heritage in marketing tourism, the Tribal Tourism Grant (TTG) was recognized to aid tribal initiatives that improve tourism choices and showcase the prosperous traditions of indigenous communities. The grant funding empowers tribes to share their tales and draw in visitors, eventually contributing to economic expansion and cultural trade. The TTG grant at this time has $120,000 of funding accessible. Application interval: October 1 – November 30, 2023.

In 2022, Smoke Sign Studio, a online video output firm in Poplar, obtained $14,000 of IEF grant funding to invest in new digicam equipment for cinema production and pc devices to assist the improve.

“The video gear and machines I ordered by way of the IEF grant has authorized me to land better quality perform. I lately landed a position that was owing in component to the equipment and machines I now offer you as a aspect of my solutions,” reported Scott Smoker, operator of Smoke Signal Studio. “The IEF grant has assisted me scale my organization in that I am capable to meet the specifications of nearly any movie job that arrives my way.”

Interested persons/entities are encouraged to take part in these grant chances. Software information and eligibility criteria are at organization.mt.gov.

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