New Markets Tax Credit
The NMTC Program incentivizes community development and economic growth through the use of tax credits that attract private investment to distressed communities.
Stronger Together: Guide to Federal Funding and Planning Opportunities Designed to Promote Sustainable Economic Development in Rural America
Together, the U.S. Department of Commerce Economic Development Administration (EDA) and the U.S. Department of Agriculture Rural Development (USDA RD) are pleased to offer this joint planning resource guide, designed to help you eliminate barriers and encourage collaboration among your stakeholders
Community Economic Development in Indian Country: Market Research Report
The purpose of this report is to identify and review existing research and data on the unique history, challenges, industries, actors, and available funding and capital sources that shape how tribes and Native actors successfully participate in community economic development.
Related Past Event Summaries
This virtual training introduced participants who are entering or considering an economic development planning process to its core components. Participants learned about the key internal and external actors, the process’s timeline and duration, the data required, and critical outcomes.
This session discussed strategic planning for indigenous tourism development, an intro to ATNI-EDC and Harvard Project on Indigenous Governance and Development, and highlighted tourism projects across Indian Country such as:
The Wind River Development Fund
NC Growth - Native Edge Tourism Technical Assistance Center
Akwesasne Travel of the St. Regis Mohawk Tribe
This first section of the track underscores the foundational elements of economic development plan implementation, including a qualified workforce/labor pool, an entrepreneurial ecosystem, and the primary infrastructure necessary to support economic activities.
This session featured the presentation of two unique funding mechanisms for supporting community economic development in tribal and Native communities, including Section 105(l) leases and Treasury’s State Small Business Credit Initiative (SSCBI), as well as an introduction to some useful tools and Resources the EDA offers for underserved communities
The discussion centered around how project leaders identified a need for the facilities in their communities, how they secured funding, and the impacts the health centers will have and are having on community economic development. Experts also discussed how the 105(l)-lease program can help fund and support Native health centers.
The August CoP session featured a panel of grant experts who discussed strategies for writing successful grants and attracting other capital, common mistakes and other barriers to the grant writing process, and opportunities to reduce or eliminate barriers.
As tribes work on projects to grow and improve their communities, it is essential that all the various sectors of community economic development are involved in the conversation together through a holistic planning process.
Related: Community Facilities Resources
A 105(l) lease is an agreement between Indian Affairs and a Tribe or Tribal Organization to reimburse facility costs incurred while carrying out programs, services, functions, and activities (PSFAs).
The Indian Community Development Block Grant (ICDBG) Program provides direct grants for development such as decent housing, suitable living environments, and economic opportunities in American Indian and Alaska Native Communities. Projects funded by the ICDBG program must principally benefit low-and-moderate income persons.
The USDA Community Facilities Direct Loan & Grant program provides grants and affordable funding to develop essential community facilities in rural areas including Tribal communities.
“This toolkit shares the findings of NCAI’s “Building Tribal Economies” research and outreach initiative, which works to train the focus of Tribal Nations on the strategic, foundational considerations involved with building integrated and resilient tribal economies capable of supporting their communities and citizens today, tomorrow, and for generations to come.”