Funding Opportunities

Tribal Economic Diversity Fund

The Tribal Economic Diversity Fund will make awards to companies owned by a federally recognized Indian tribe or businesses owned by an enrolled member(s) of a federally recognized Indian tribe for critical technical services that lead to increased revenues and employment for the company.  Awards are made on a competitive basis and are intended to provide services to tribal business entities that allow the company to diversify revenue, leverage other investments, create new jobs and have systems in place that lead to growth.  

Important Dates: The application process for the next round of Tribal Economic Diversity funding

opens in 2021. 

 

 

Award Size: To be determined. 

 

Eligible Applicants:

 

  • Business enterprise must be at least 51% owned and controlled by a tribal member

  • A tribal member or corporation of the Pueblos of Nambe, Ohkay, Picuris, Santa Clara, Pojoaque, Taos, San Ildefonso, Tesuque, Cochiti or Jemez. 

  • Companies headquartered in the counties of Sandoval, Santa Fe, Los Alamos, San Miguel, Mora, Rio Arriba or Taos. 

  • Those who applied in the past but were not awarded and those submitting applications for the first time.

 

Award Uses: Awards may be used to procure specialized services or equipment for the company which will lead to increased revenues and employees.  For example, a company may need:

 

  • Additional or specialized equipment

  • New accounting software

  • An inventory control system

  • Consulting services to select, install, and/or train staff on specialized accounting software required for federal government contracting.

What will not be funded: Funds cannot be used to pay for regular operating expenses or salaries. We will not fund proposals relating to gaming, alcohol, tobacco, or illegal activities.

Cash awards will not be made directly to awardees. Upon receipt of a paid invoice, the awardee will be reimbursed for products or services awarded under the grant. 

 

Selection Process:  Proposals which meet the eligibility requirements will be evaluated by an independent review panel of local and regional business experts.  Proposals will be evaluated on their potential to create new jobs, increase or diversify revenues for the company, and leverage other investments.

How can I apply for funding? Check back in 2021 for information on the application process and the deadline. Sign up for the RDC newsletter to stay up to date on the latest round of application opening dates, information sessions, and submission deadlines. Contact funding@rdcnm.org  to learn more. 

*Note: Eligibility and award guidelines are subject to change.

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