AWARD SIZE:
Up to $8,000

IMPORTANT DATES:

• 2024 Application Process Opens: July 1, 2024

• 2024 Application Process Closes: August 15, 2024

• Tribal Economic Diversity Fund Information Session:
  Applicants are highly recommended to attend before applying in order to submit the best possible application
  Online Info Session: July 23: 12:00-1:00 pm. Register here.

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ELIGIBILITY:

• Business enterprise owned by a federally recognized Indian tribe; or business owned at least 51% by an enrolled member(s) of a federally recognized Indian tribe from the Pueblos of Cochiti, Jemez, Nambe, Ohkay, Picuris, Pojoaque, San Ildefonso, Santa Clara, Taos, or Tesuque

• Business headquartered in Los Alamos, Mora, Rio Arriba, San Miguel, Northern Sandoval, Santa Fe, or Taos County

• Business-only bank account

• Been in business for at least 6 months before applying

• Preference given to first-time applicants and previous unawarded applicants

• Funds to be used to:

  • Procure needed business equipment, tools

  • Pay for advertising and/or marketing costs 

  • Purchase consulting services

  • Purchase specialized software

 

REQUIREMENTS:

• Outline specific purchases that can be completed within 6 months from award date.

• Submit a Tribal Economic Diversity Fund application by the deadline.

• Pay for approved funded purchases (outlined in application) and submit paid invoices for reimbursement.

• This is a reimbursable grant. Awardees will be reimbursed for approved purchases upon receipt of paid invoices.

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AWARD GUIDELINES:

• Funds are awarded through a competitive process.

• Applications will be reviewed and scored by an independent review panel.

• Award is not available for general business expenses (ex: rent, utilities, inventory, insurance) or salaries.

• Gambling, tobacco, or illegal activities will not be funded.

• Each proposal must describe a critical project that will advance the commercial progress of the company, increase revenues, and/or add jobs.

• The full or a partial amount of the total request may be awarded.

• Funds are not awarded upfront but as a reimbursement to awardees' business once purchases are completed and approved.

• Purchases or services outlined in application cannot be purchased before an award is made and a fully executed award agreement is in place.

SELECTION PROCESS:  

• Only proposals that meet the eligibility requirements will be evaluated.

• Evaluation conducted by Independent review panel of local and regional business experts.

• Evaluation criteria based on potential to create new jobs, increase or diversify revenues for the company, and leverage other investments.

HOW TO APPLY?

• Online Application here

• Sample Application here

• Please note: The application cannot be saved in-process for completion at a later time. Please review sample application to have your answers ready for input.

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QUESTIONS:

Carla Rachkowski, Director of Operations

The Tribal Economic Diversity Fund is made possible due to generous support from: