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057906247

Project Grant

Overview

Grant Description
This EDA investment supports the Mountain | Plains Regional Native CDFI Coalition, led by the Four Bands Community Fund, with growing the indigenous finance sector in Montana, North Dakota, South Dakota, and Wyoming by expanding economic opportunity in Native American communities through an alliance of nine Native Community Development Financial Institutions (CDFIs). The projects funded as part of this award include the creation of a regional revolving loan fund intended to strategically deploy financial investments to Native entrepreneurs and small businesses. EDA funding also will stand up a workforce training program, improve data infrastructure, and make other investments that will expand the capacity of the indigenous financial sector.

Once implemented, the investment will help develop and strengthen regional industry clusters - all while embracing economic equity, creating good-paying jobs, and enhancing U.S. competitiveness globally.
Awardee
Plenty Doors Community Development
Grant Program (CFDA)
11.307 - Economic Adjustment Assistance
Awarding / Funding Agency
Economic Development Administration (EDA) [DOC]
Place of Performance
Crow Agency, Montana 59022-1067 United States
Geographic Scope
Single Zip Code
Related Opportunity
None
Analysis Notes
COVID-19 $6,051,698 (100%) percent of this Project Grant was funded by COVID-19 emergency acts including the American Rescue Plan Act of 2021.
Plenty Doors Community Development was awarded Expanding Indigenous Finance in Mountain Plains Region through CDFI Coalition Project Grant 057906247 worth $6,051,698 from Economic Development Administration in August 2022 with work to be completed primarily in Crow Agency Montana United States. The grant has a duration of 4 years and was awarded through assistance program 11.307 Economic Adjustment Assistance. $310,000 (5.0%) of this Project Grant was funded by non-federal sources.

Status
(Ongoing)

Last Modified 10/25/22

Period of Performance
8/29/22
Start Date
8/29/26
End Date
95.0% Complete

Funding Split
$6.1M
Federal Obligation
$310.0K
Non-Federal Obligation
$6.4M
Total Obligated
95.0% Federal Funding
5.0% Non-Federal Funding

Activity Timeline

Interactive chart of timeline of amendments to 057906247

Additional Detail

Award ID FAIN
057906247
SAI Number
None
Award ID URI
SAI NOT AVAILABLE
Awardee Classifications
Nonprofit With 501(c)(3) IRS Status (Other Than An Institution Of Higher Education)
Awarding Office
1331K5 DEPT OF COMMERCE EDA
Funding Office
1331K5 DEPT OF COMMERCE EDA
Awardee UEI
MS17QKGV7HG6
Awardee CAGE
86TK9
Performance District
00
Senators
Jon Tester
Steve Daines

Budget Funding

Federal Account Budget Subfunction Object Class Total Percentage
Economic Development Assistance Programs, Economic Development Administration, Commerce (013-2050) Area and regional development Grants, subsidies, and contributions (41.0) $6,051,698 100%
Modified: 10/25/22