MBDA Announces 13 American Indian, Alaska Native And Native Hawaiian Projects And Keys To Unlocking Business Development In Indian Country Report
By Godson Umejiego, Correspondent USA
The US Department of Commerce’s Minority Business Development Agency (MBDA) awarded US$3.9 million in federal funding to thirteen (13) grant recipients to establish MBDA American Indian, Alaska Native, and Native Hawaiian (AIANNH) projects.
To support Tribal and native business growth, the AIANNH Projects aim to address one or more of three strategic initiatives: innovation and entrepreneurship (e.g., business trainings, incubators, coaching); strategic planning (e.g., entrepreneurial and economic development); and/or transformative projects (e.g., infrastructure focused public-private partnerships, and broadband).
“Minority business enterprises in Tribal communities are a critical component of the U.S. economy,” said MBDA Acting National Director Miguel Estién. “These programs are investments in community institutions and organizations who will provide Native entrepreneurs with the assistance they need to be competitive and grow their businesses.
AIANNH Report
Today, the US Department of Commerce Minority Business Development Agency (MBDA) released a report entitled, “Keys to Unlocking Business Development in Indian Country.” The report is the result of an in-depth examination of economic characteristics across 166 tribes in comparison to the broader US economy, including regional and rural areas.
“This report sheds light on current constraints that must be addressed to stimulate business development and economic growth in Tribal communities.” said Acting National Director of the Minority Business Development Agency, Miguel Estién. “Despite long-standing challenges, Native communities are expanding business development into the manufacturing sector, professional services, and renewable energy.”
