SBA Awards $700,000 to Support Native American Small Business Development
ONABEN receives $100,000 from the US Small Business Administration’s 7(j) Program to build Native American microenterprise capacity in Oklahoma, Texas, and New Mexico.
On September 12, 2016, the U.S. Small Business Administration announced seven awardees of $700,000 in new grant funding for continued projects to promote the development, success, and long-term survival of Native American firms eligible for assistance under the SBA’s 7(j) Management and Technical Assistance Program.
The SBA’s 7(j) Program helps provide specialized management and technical assistance to underserved markets and small business owners who are socially and economically disadvantaged. The program emphasizes entrepreneurial education, counseling, and training resources to help these firms succeed in federal, state, and local government markets for goods and services, and also as subcontractors to government prime contractors.
In making the announcement, Assistant Administrator for SBA’s Native American Affairs David Sanborn said: “We’re excited to be able to help fund these organizations to engage with Native American entrepreneurs across the county and strengthen the SBA’s support network to provide more boots on the ground in local communities. This fiscal year was a great success and made it possible to help continue the support of small business job creation and growth for Native small business owners.”
These projects were initially funded for fiscal year 2016 and are being continued in fiscal year 2017, to help ensure the delivery of vital business development services, and management and technical assistance to Native American business communities across the country. Project funding for each of the seven $100,000 Native American Micro Enterprise Business Services grants is provided by the SBA’s Office of Native American Affairs.
ONABEN is utilizing our $100,000 grant from the SBA’s 7(j) Program to continue our Bridge to Success project, where Native American entrepreneurs will work together to grow in business, explore the importance of social entrepreneurship to build a stronger Native economy, and overcome the challenges of small business through peer coaching/mentoring and entrepreneurial exchanges.
Read the complete funding announcement here.