Montana Indian Equity Fund
The Indian Equity Fund Small Business Grant is a grant to assist a start-up or expanding Native American business in Montana. Because of the fund’s ability to offer these grants to be used as equity by the recipient, the fund is able to play a unique role in assisting the growth of Native American small business. This money can be used for a variety of activities such as the purchase of new equipment or the development of a new product line. A total of $40,000 is available to fund Native American business applications in each of eight tribal nation areas.
The funds are available only to enrolled members of Montana’s federally recognized tribes in Montana and to enrolled members of the Little Shell Tribe residing in Montana. All applications must include documentation of tribal enrollment in the form of a Certified Indian Blood (CIB) Form or tribal ID.
Local Applicants: Through February 29, 2016 priority will be given to applicants residing on or next to the reservation in which they enrolled or to members of the Little Shell Tribe of Chippewa (as determined by the Local Review Committee).
All Applicants: If the funds are not fully subscribed at a local level by February 29, 2016, the funds then become available starting on March 1, 2016 to enrolled members of federally recognized tribes in Montana and enrolled Little Shell tribal members living on other reservations in Montana.
Applications will be accepted on an open cycle basis beginning October 1, 2015 and will remain open until April 30, 2016. All applications will be considered on a competitive basis with a priority of funding up to $40,000 to reservation-based and Little Shell Tribe-affiliated applications that meet the funding and eligibility criteria.
Applicants can request a maximum of $14,000 and must demonstrate a reasonable justification for the use of funds. Award amounts are at the discretion of the Local and State Review Committees.
Any funds not fully subscribed at a local level by February 29, 2016 become available to enrolled members of federally recognized tribes in Montana and enrolled Little Shell tribal members starting on March 1, 2016 living on other reservations in Montana.
For more specific information regarding the Indian Equity Fund Small Business Grant, see the Indian Country Economic Development (ICED) Program Guidelines.
Forms for Application: Financial Workbook