financial assistance

Policy Brief: Assessing the U.S. Treasury Department’s Allocations of Funding for Tribal Governments under the American Rescue Plan Act of 2021

Year

The American Rescue Plan Act of 2021 (“the Act” or “ARPA”) has resulted in the single largest infusion of federal funding for Native America in U.S. history. The core of this funding is $20 billion for the more than 570 federally recognized American Indian and Alaska Native tribal governments. As required by the Act, the Department of the Treasury (“Treasury” or “the Department”) devised and has now implemented a formula for allocating these monies. In this report, the authors find that the allocations that have been made are grossly inequitable and contrary to the policy objectives of Congress, the Biden Administration, and the Treasury Department itself.

This study uses publicly available information to estimate enrollment and employment counts for tribes. These figures are only estimates created for the express purpose of analyzing the appropriateness of the US Department of the Treasury’s American Rescue Plan Act allocations. Our estimates have not and cannot be verified against actual enrollment or employment data submitted to the Department of Treasury by each tribe.  We believe the estimates are as accurate as possible and reliable for the purpose of assessing the relative positions of tribes under Treasury’s ARPA allocations, but should not be extracted and used as accurate for any individual tribe or for any purpose other than how they are used here.

Resource Type
Citation

Henson, Eric C., Miriam R. Jorgensen, Joseph P. Kalt, and Isabelle G. Leonaitis. 2021. “Assessing the U.S. Treasury Department’s Allocations of Funding for Tribal Governments under the American Rescue Plan Act of 2021”. Cambridge and Tucson: Harvard Project for American Indian Economic Development and Native Nations Institute.

Credit union has grand opening at Fortune Bay

Author
Producer
Mesabi Tribune
Year

Banking will be much more accessible for Bois Forte Band members with the opening of the Northern Eagle Federal Credit Union. The non-profit institution celebrated its grand opening Monday at its Vermilion branch, located at Fortune Bay Resort Casino near Tower. Northern Eagle’s main branch is at the Bois Forte Government and Government Services Center in Nett Lake...

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Citation

Riebe, Angie. "Credit union has grand opening at Fortune Bay." Mesabi Daily News. January 13, 2014. Article. (http://www.virginiamn.com/news/business/article_f6be05da-7ccc-11e3-aac9-..., accessed March 29, 2023)

Gerald Sherman, ILCC Native American Financing Pioneer, Receives Prestigious 'Visionary Leader Award'

Producer
PRWeb
Year

Gerald Sherman (Oglala Lakota), a pioneer in developing financial products for disadvantaged and underserved Native communities, received the prestigious ‘Visionary Leader Award for Outstanding Achievement’ at the 10th Annual Native Community Development Financial Institution (CDFI) Convening hosted by Opportunity Finance Network (OFN) and First Nations Oweesta Corporation (Oweesta) last week in Philadelphia, PA...

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Citation

PRWEB. "Gerald Sherman, ILCC Native American Financing Pioneer, Receives Prestigious ‘Visionary Leader Award.'" PRWEB. October 25, 2013. Article. (http://www.prweb.com/releases/2013/10/prweb11263386.htm, accessed May 15, 2023)

CDFI Fund Awards Indian Land Capital Company its Third $750K Award

Year

For the third year in a row, Indian Land Capital Company (ILCC), an American Indian-owned and -managed Native Community Development Financial Institution (Native CDFI) and leader in the tribal land financing and acquisition movement, has received the highest tier financial award, $750,000, from the Treasury Department’s CDFI Fund...

Resource Type
Citation

ICT Staff. "CDFI Fund Awards Indian Land Capital Company its Third $750K Award." Indian Country Today. October 8, 2013. Article. (https://ictnews.org/archive/cdfi-fund-awards-indian-land-capital-company-its-third-750k-award, accessed March 23, 2023)

Building a More Sustainable Future on Cheyenne River

Producer
Four Bands Community Fund
Year

This brief video showcases five of Four Bands Community Fund's loan clients who have used their loan proceeds to advance green and social entrepreneur concepts on the Cheyenne River Indian Reservation.

Citation

Four Bands Community Fund. "Building a More Sustainable Future on Cheyenne River." Four Bands Community Fund. Eagle Butte, South Dakota. 2013. Video. (https://www.youtube.com/watch?v=_zhsco4JocE#t=51, accessed March 14, 2023)