SSBCI Programs Webinar Session 2

Native CDFI Network hosted part 2 of it’s CDFI Participation Models presentation. Sovereign Council of Hawaiian Homestead Associations, and Clearinghouse CDFI partnered to co-host the second webinar for Tribal Nations and Native CDFIs on accessing the State Small Business Credit Initiative (SSBCI) Program.

Legal expert, Pilar Thomas presented SSBCI key program updates, the summary of programs, policy guidance requirements, participation models (hybrid and partnerships), and program design (application and implementation).

Pilar provided a hybrid model graphic to show the various potential relationship configurations within the SSBCI Programs. Finally, the webinar concluded with Pilar describing the next steps that Tribes should be taking to complete their application process.

 

View the session in its entirety below.

 

Webinar Series focused on NACA FA Program hosted by NCN

On Thursday, January 6th, Native CDFI Network hosted a webinar series focused on The CDFI Fund’s Native American CDFI Technical Assistance (NACA FA) Program. With the NACA FA having numerous moving parts, this session focused on making all of the features cohesive to form a robust application as well as the preparation process.

Caleb Selby, the owner of Selby Consulting, provided content that was beneficial to filling out a NACA FA form. During the presentation, individual examples were provided to show realistic scenarios. Caleb clarified different elements that individuals would confront during the process, such as the amount of historical/current/projected data to provide, where to elaborate in your narrative and resources used during the NACA FA process.

The Native CDFI Network has been actively involved in providing support for Tribes and Native CDFIs that support the implementation of economic recovery efforts of our Tribal nations and our Native-owned small businesses.

View the second session in its entirety below.

 

Building Capacity Webinar NACA TA Session held on Jan 5

On Wednesday, January 5th, Native CDFI Network hosted a webinar series focused on The CDFI Fund’s Native American CDFI Technical Assistance (NACA TA) Program. This session included preparing for the NACA TA, its components, strategies to write a successful NACA TA, common pitfalls, and post-award compliance.

Caleb Selby, the owner of Selby Consulting, provided relevant insights for developing quality NACA TA forms. He discussed what components make up a successful narrative; these tips included using less than five years old market data and keeping your written content easy to read. Additionally, Caleb shared multiple resources about the FACA TA timeline, criteria ratings, evaluation process, and using AMIS (Awards Management Information System).

The Native CDFI Network has been actively involved in providing support for Tribes and Native CDFIs that support the implementation of economic recovery efforts of our Tribal nations and our Native-owned small businesses.

View the first session in its entirety below.

 

NCN hosts SSBCI CDFI Participation Model discussion Jan. 4th

On Tuesday, January 4th, Native CDFI Network (NCN), Oweesta, Sovereign Council of Hawaiian Homestead Associations, and Clearinghouse CDFI partnered to co-host two webinars for Tribal Nations and Native CDFIs on accessing the State Small Business Credit Initiative (SSBCI) Program. Legal expert, Pilar Thomas, presented SSBCI key program updates, the summary of programs, statutory requirements, policy guide requirements, participation models, and program design (application and implementation). In addition, she discussed two of the four ready-made models: CDFI as lenders and equity investors and CDFIs as program administration for tribes. Pilar provided insights to multiple questions asked by the attendees, including questions about gaming facilities within the SSBCI Program, using an MDI as a replacement for CDFI, and who is eligible for the program.

“VERY informational. Thank you for putting this on,” said William Fish with the Sisseton Wahpeton Oyate.

This was very helpful. Thank you Pilar and NCN,said Jonelle Yearout, Nimiipuu Community Development Fund

The Native CDFI Network has been actively involved in providing support for Tribes and Native CDFIs that support the implementation of economic recovery efforts of our Tribal nations and our Native-owned small businesses.

The second session with Pilar Thomas discussing the SSBCI Program: CDFI Participation Models will be hosted on Wednesday, December 11, 2021 at 2 pm EST. Please register for this session if you are interested.

View the first session in its entirety below.

 

NCN Hosts 2nd SSBCI Round Table Session on December 13th

On Monday, December 13th, 2021, the second SSBCI roundtable discussion took place between tribal leaders, Native CDFIs, and the U.S. Treasury. This event was held virtually with the purpose of continuing the conversation that initially started at the first SSBCI roundtable session on Monday, December 6th, 2021.

The Native CDFI Network was honored to have U.S. Treasury’s James Clark (Outreach Manager, SSBCI), Ronald Kelly (Outreach Lead), and Jeffrey Stout (Director, Office of Federal Program Finance) join the discussion to answer SSBCI related questions.

Ron Kelly started the session by giving a brief update about SSBCI deadlines and future Zoom meetings that the U.S. Treasury will be hosting. The tribal community asked a wide array of questions concerning the SSBCI program and its applications during the session. Topics covered included geographic eligibility, lender partnerships, and private capital collateral. The U.S. Treasury will also be hosting a Zoom Webinar on December 17th at 4 PM EST to give an overview of SSBCI Venture Capital Programs.

“A very momentous opportunity for our tribal nations. Thank you to the U.S. Treasury for their support!,” said Lakota Vogel with Four Bands Community Fund.

We’re looking forward to working with NCN. We think you will be crucial to making this program work. Thanks for everything you are doing,said Jeffrey Stout, Director of the Office of Federal Program Finance at the U.S. Department of the Treasury.

The Native CDFI Network has been actively involved in providing support for Tribes and Native CDFIs that support the implementation of economic recovery efforts of our Tribal nations and our Native-owned small businesses. The panelists provided an opportunity to participate in a Round Table Discussion and ask the Treasury questions about the SSBCI program.

The Overview of SSBCI Venture Capital Programs will be hosted on Friday, December 17, 2021 at 4 pm EST. Please register for this session if you are interested.

View the round table discussion in its entirety below.

 

NCN Hosts Virtual SSBCI Round Table Discussion with U.S. Treasury

Washington, DC – On Monday, December 6, 2021, the first of hopefully many roundtable discussions took place between tribal leaders, Native CDFIs, and the U.S. Treasury. This event was held virtually to answer questions and clarify potential investment models, including Native CDFI partners, to support Native entrepreneurs by leveraging SSBCI resources.

Native CDFI Network and U.S. Treasury’s Adair Morse (Deputy Assistant Secretary of Capital Access), James Clark (Outreach Manager, SSBCI), Ronald Kelly (Outreach Lead), and the Minneapolis Fed’s James Colombe (Senior Project Manager, Community Development and Engagement, former US Treasury SSBCI detailed) hosted a round table discussion for Tribes and Native CDFIs in accessing the State Small Business Credit Initiative (SSBCI) Program.  The four panelists presented to more than 70 attendees for a 90-minute session and answered over twenty questions from the attendees on the virtual discussion.

“Thank you, Native CDFI Network for leaning into the need to explore options in a more open platform to allow collective brainstorming,” said Tonya Plummer, Montana Native Growth Fund Executive Director and NCN Policy Committee member.

The Native CDFI Network has been actively involved in providing support for Tribes and Native CDFIs that support the implementation of economic recovery efforts of our Tribal nations and our Native-owned small businesses. The panelists provided an opportunity to participate in a Round Table Discussion and ask the Treasury questions about the SSBCI program.

The next Round Table discussion will be hosted on Monday, December 13, 2021 by NCN.

View the round table discussion in its entirety below.