Accessing the Resources and Capital to Support Economic Development - Part 1 (Virtual Training Session)
Brief Description: As tribes and Native communities seek to develop a strong foundation for economic development activities and strategies, they must also identify the array of available sources of funding, financing and/or customers/clients that will support the enterprises and projects that will ultimately implement portions of these strategies. The first installment in this 3-part training series will provide a non-exhaustive list of funding sources and the eligible uses and combinations of these sources as well as provide training on how to advance economic development through external borrowing/financing of activities (as opposed to purely grant-funded approaches) including how to identify appropriate funding, develop a funding roadmap, and organize an internal team tasked with carrying out financing plans.
Part 1:
Economic Development Resources and Funding Sources (local, state, federal, tribal, and philanthropic grants and loans); Grant Application Best Practices
EECBG Program provides $8.8 million to 774 eligible Tribes, including Alaska Native Regional and Village and can be used to upgrade buildings, install renewable energy equipment, or develop climate and clean energy plans.
The BIA’s Branch of Tribal Climate Resilience program will support federally recognized Tribes and Tribal organizations as they address current and future climate change impacts on Tribal Treaty and Trust resources, economies, regenerative agriculture, food sovereignty, conservation practices, infrastructure, and human health and safety. All 2024 award applications must be submitted online by October 18, 2024.
The Low-Income Communities Bonus Credit Program (48e) promotes cost-saving solar or wind investments in low-income communities, on Native American/tribal land, as part of affordable housing developments, and benefiting low-income households. Under this program, there are opportunities that can help fund 50% of solar project costs at Federally-assisted residential properties.
The DOT’s Build America Bureau offers $27 million in technical assistance grants to rural and tribal communities for the planning and design phase development of transportation projects. There is no local funding match required to participate in this program. The Bureau designated up to $10 million for Tribal applicants.
The DOT’s Build America Bureau offers $27 million in technical assistance grants to rural and tribal communities for the planning and design phase development of transportation projects. There is no local funding match required to participate in this program. The Bureau designated up to $10 million for Tribal applicants.
This program from USDA Rural Development helps get safe reliable drinking water and waste disposal services to low-income communities that face significant health risks. Funds can be used to build basic drinking water and waste disposal systems, including systems to handle stormwater drainage.