According to U.S. Census Bureau statistics, Native American-owned businesses contribute over $33 billion to the U.S. economy every year and employ over 200,000 people.
The number of tribal firms continues to grow as Native Americans see business ownership as a pathway out of poverty. U.S. Census Bureau data also shows that American Indians and Alaska Natives have the highest poverty rate among all racial and ethnic groups.
Indian Affairs can help tribes fund feasibility studies to test potential business ideas, build the legal infrastructure to encourage investment, and take advantage of procurement opportunities.
With the support of Indian Affairs, many Tribes and Tribal members have gained a sense of economic empowerment.
OIED Funding Success Story
OIED Funding Success Story
For an example of our funding success in support of business creation, visit our Success Story featuring Strongbow Strategies and their Wool Mill.
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Related Services
- Native American Business Development Institute (NABDI) Grant
- National Tribal Broadband Grant (NTBG)
- Living Languages Grant Program (LLGP)
- Indian Loan Guarantee and Insurance Program (ILGP)
- Energy and Mineral Development Program (EMDP) Grant
- Tribal Energy Development Capacity (TEDC) Grant
- Tribal Tourism Grant Program (TTGP)
- Indian Business Incubators Program (IBIP)
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