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Tuesday, October 27, 2009

Citi Announces Entrepreneurship Grants For Native Americans

Citi, a leading global financial services company, has recently announced a series of grants from their foundation that will support small business growth and education for Native Americans in the state of South Dakota.

More than $280,000 in funds will be disbursed to local non-profit organizations that provide support services to Native Americans. In addition to providing scholarships to students and supporting financial literacy and training programs, the grants will support micro-enterprise and small business development.

Specifically, $50,000 will be allocated to First Nations Oweesta Corporation to provide technical assistance to existing and proposed community development financial institutions (CDFIs) and asset-building programs.

Another $35,000 will be allocated to the Four Bands Community Fund to educate small businesses on the Cheyenne River Indian Reservation in need of bookkeeping and other financial management assistance.

Another $25,000 will go to the Harvest Initiative Fund to expand access for entrepreneurs on the Crow Creek Indian Reservation to mainstream financing and enhance lending sources.

Finally, $2,000 will go to the Lakota Fund to support the Building Lakota Family Assets Program, which will provide small business planning courses for local residents.

For more details, interested ones should visit:
www.citigroupfoundation.com/citi/foundation/grant_search.htm
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