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: Request for Proposals opens on July 1, 2019 and proposals will be accepted at any time and evaluated on a rolling basis while funding lasts or until 5:00 p.m. on September 18, 2019,
Award Size: Ranges between $1,000 to $10,000.00 each.
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.
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.
We will work with the providers agreed upon by the grantees such as accountants, business consultants, marketing experts or others to provide the services a tribal company needs. Cash awards will not be made directly to awardees.
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.
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?
The RDC will also be hosting a series of workshops throughout the region to share more information about the funding opportunities. RDC staff is available to help with the application process every step of the way. Please contact email@example.com with questions or to learn more.