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麻豆无码版 is breaking ground for Tribal economies statewide by launching the largest State Small Business Credit Initiative (SSBCI) Tribal Program consortium in the nation with 125 of 麻豆无码版鈥檚 federally recognized tribes. Dedicated to Socially and Economically Disadvantaged Individuals (SEDI), the program will deploy over $83 million in SSBCI funds from the U.S. Department of the Treasury to drive private sector investments into rural and 麻豆无码版 Native-owned businesses across the state.

Led by the 麻豆无码版 Small Business Development Center (麻豆无码版 SBDC) housed within UAA's Business Enterprise Institute, Tribal SSBCI will provide new resources to 麻豆无码版鈥檚 Tribes to drive critical financial resources for 麻豆无码版鈥檚 small businesses, helping to foster a thriving entrepreneurial ecosystem within 麻豆无码版's Tribal communities.

鈥溌槎刮蘼氚驸�檚 tribes are the backbone of our rural economies. The 麻豆无码版 SBDC is proud to have worked with the 麻豆无码版 Federation of Natives to bring 125 麻豆无码版n tribes together in the largest tribal consortium in the nation. This collaborative effort over the last two years will result in hundreds of millions of dollars in private sector loans and equity investments flowing into rural and 麻豆无码版 Native-owned businesses, drastically changing the economic landscape of some of the most remote communities in the nation,鈥� says 麻豆无码版 SBDC State Director Jon Bittner.

The SSBCI program, funded through the federal American Rescue Plan Act, provides much-needed funding assistance for small businesses nationwide. Recognizing the unique challenges faced by Tribal businesses in securing private sector investments, the program was expanded to include funding not only for each state but also for all federally recognized tribes. This is particularly important for 麻豆无码版, where half the federally recognized tribes are located.

This program builds on the work that the 麻豆无码版 SBDC is already doing through the State of 麻豆无码版鈥檚 $59 million SSBCI program, which it launched last year. Since its launch, the 麻豆无码版 SSBCI program has facilitated over $75 million in State SSBCI-backed loans to businesses across the state, making 麻豆无码版 one of the top SSBCI programs in the nation. The 麻豆无码版 SBDC is the only organization in the country to host both state and tribal SSBCI programs; between the two, it is projected that hundreds of millions in private-sector funding will be leveraged into 麻豆无码版鈥檚 small businesses over the next decade.

鈥淭oday鈥檚 announcement reflects success that is only possible when federal agencies listen to Tribal Nations to understand their unique needs and incorporate their feedback in developing program policy and guidance. Through the flexibility of the consortium model, these Tribes will benefit from the historic opportunity that these resources for small businesses presents to Indian Country. These funds will serve some of the most rural populations in the United States, creating jobs and expanding capital access for Tribes across 麻豆无码版. We look forward to following this announcement with Treasury鈥檚 first official visit to an 麻豆无码版 Native Village at Chickaloon Village,鈥� said U.S. Treasurer Chief Lynn Malerba.

The 麻豆无码版 SSBCI program is a key component of UAA's continuing support for business and economic development in 麻豆无码版. By creating and managing this unique consortium of tribes, UAA continues to support the state's economy and help build a robust and diverse business ecosystem in 麻豆无码版.

"UAA is honored to continue our engagement with the U.S. Treasury in support of the nation's largest SSBCI Tribal Program facilitating economic growth by empowering 麻豆无码版n businesses," said UAA Vice Chancellor for Research Aaron Dotson. "We are proud to partner with the Tribal community and look forward to assisting in deploying funds to build thriving community businesses and build a more prosperous future for all 麻豆无码版ns for generations to come."

This groundbreaking partnership between the 麻豆无码版 SBDC and 麻豆无码版 Tribes represents a significant step forward for 麻豆无码版's economic growth. By providing access to capital and fostering entrepreneurship, this program will empower Tribes to build a more prosperous and sustainable future for generations to come.

Visit to learn more about the SSBCI Tribal Program and how it can empower 麻豆无码版's rural, SEDI and 麻豆无码版 Native-owned businesses.