SSBCI – Deadlines Approaching!

The deadline for Tribes to submit a Notice-of-Intent (NOI) to participate in the State Small Business Credit Initiative is AUGUST 16, 2021.

We are hosting an information and Q&A session on Wednesday, August 4 at 1:00 pm. Register HERE!

What is SSBCI? SSBCI provides states, territories, Washington, D.C., and Tribal governments (Eligible Jurisdictions) funding for 1) small business financing programs and 2) technical assistance to small businesses applying for SSBCI and other government programs. Small business financing programs that SSBCI funds may be used to support include capital access programs, loan participation, loan guarantee, collateral support, and venture equity programs.

Notice of Intent: Completing an NOI does not obligate a Tribe to then submit the full application due in December.  However, if Tribes do not complete the NOI by the deadline, they will not be able to participate in the SSBCI program.  The NOI is a short form. It asks if you intend to submit a stand-alone or joint application, but you may amend your response for the full application.

Regional Effort: We at ATNI-EDC understand that some ATNI Member Tribes may not have the interest or capacity to stand-up their own program.  We are forming a working group to create a regional effort that will leverage the financial service and technical assistance expertise in Indian Country. This is a great opportunity to continue to build a robust private sector in Indian Country and build and support Tribally owned businesses.  There may also be an opportunity to use these resources to support some Tribal enterprises.

Info and Q&A Session: This session is designed to answer questions around the SSBCI program and introduce the regional effort to effectively deploy these resources.  Pilar Thomas of Quarles & Brady has been closely following the SSBCI opportunity and will join us for this call.  We would love to see each ATNI member Tribe submit the NOI prior to 8/16/21.

Links

Register for SSBCI Q&A Session (August 4 at 1 pm PDT)

U.S. Department of Treasury page on SSBCI

Notice of Intent form for Tribal Governments (Docusign form)

ATNI-EDC Happenings

I hope that you are managing to stay cool in this unprecedented heat.  Please see below for ATNI-EDC Updates.

STATE SMALL BUSINESS CREDIT INITIATIVE (SSBCI)

On March 11, 2021, President Biden signed The American Rescue Plan Act, which provided $10 billion to fund the State Small Business Credit Initiative (SSBCI).  SSBCI will fund state, territory, and Tribal government small business credit support and investment programs. Tribes must submit a Notice-of-Intent to participate in the program by July 30, 2021. You can access the Notice of Intent form by clicking here.

Concurrently, we are forming a working group to ensure that all Tribes in the ATNI region are able to participate in the SSBCI Program.  The working group will provide recommendation to form a regional effort to disburse SSBCI Funds as loans to small businesses and formalize a technical assistance referral network.  If you are interested in participating in the working group, please contact Amber at info@atniedc.com by Friday, July 16, 2021.

INFRASTRUCTURE STUDY

ATNI-EDC opened a survey aimed to gather information about infrastructure needs and priorities for ATNI Member Tribes.  In the past six months, there has been a Presidential and Congressional transition and passage of the H.R. 1319 American Rescue Plan Act of 2021 under the Biden administration. There is currently pending consideration of national infrastructure legislation and the White House American Jobs Plan. As a result of these actions and pending policy, now is a key time and opportunity to Thank you for taking your time complete this survey. It should take around 10 minutes of your time. Please respond by Friday, July 16, 2021. Click here to access the survey.

WE’RE HIRING!

ATNI-EDC is growing our team!  We are seeking a Loan Officer/ Manager, Economic Development Program Manager, and an Administrative Assistant.  We offer a generous benefits package.  Positions are based in Portland, Oregon.  Visit https://atniedc.com/jobs for more information!

ATNI-EDC ECONOMIC SUMMIT

SAVE THE DATE: The bi-annual ATNI-EDC Economic Summit will take place November 3-5 in Portland, Oregon.  We’re planning a hybrid model, with content available both in-person and online.  Visit https://atniedc.com/events for updates! 

NEWSLETTER

If you haven’t seen our most recently newsletter, you can download it here

Join our Team!

ATNI-EDC is hiring three positions! See our website for more information.

Loan Officer/ Manager

This position is responsible for overseeing the lending and small business support operations of ATNI-EDC and its subsidiary, ATNI-FS. The position offers an excellent opportunity to work hands-on with emerging and established Native entrepreneurs that are seeking financing options to start or scale their business by facilitating access to capital and appropriate loan products.  

Administrative Assistant

The Administrative Assistant will support the mission and vision of ATNI-EDC by assisting the Executive Director with clerical, HR (payroll, benefits and onboarding), light accounting, and marketing tasks.

Economic Development Program Manager

The Affiliated Tribes of Northwest Indians Economic Development Corporation (ATNI-EDC) is seeking an Economic Development Program Manager to oversee economic development and planning activities for the organization. 

Financial and Accounting Management Workshop

Thursday, June 17, 10 am – 12 pm PST

Interactive, online workshop

Join us for the 3rd and final session of Small Business Financial and Accounting Management workshop. In this module, you will learn tools and resources to set-up an accounting system and how to manage day-to-day financials. You do not need to have attended the previous two workshops to get value from this workshop! To register, click here.