869 in loans and investments totaling $75.4 million in the district in 2022
Stories from the District
An Indigenous-led laboratory is open for business in south central Montana
Billings,
Montana
Native American Development Corporation
The Native American Development Corporation, which runs the Billings Urban Indian Health and Wellness Center, cut the ribbon on its new laboratory in downtown Billings Monday.
Hopi Credit Association, Native American Development Corporation
Native Community Development Financial Institutions – known as Native CDFIs – have been integral in sustaining Indigenous businesses across the United States, from Alaska to Hawaii to Maine.
After almost 25 years of being an employee at Carquest, Mike Farris went from spinning wrenches in the shop and helping customers at the front desk to purchasing the business with his wife, Steph. Farris Farm and Auto is a family-owned business passionate about delivering excellence in everything they do....
Introducing the Mountain/Plains Regional Native CDFI Coalition
Montana, North Dakota, South Dakota, Wyoming
Akiptan, Black Hills Community Loan Fund, Four Bands Community Fund, Native American Development Fund, Wind River Development Fund
Spanning North Dakota, South Dakota, Montana, and Wyoming, The Mountain | Plains Regional Native CDFI Coalition is comprised of a group of Native-led community loan funds, also known as Native community development financial institutions (CDFIs), that create economic opportunities for tribal members. Organizations participating in the Coalition include Akiptan, Black Hills Community Loan Fund, Four Bands Community Fund, Montana Native Growth Fund, Wind River Development Fund, Native American Community Development Corporation, Plenty Doors Community Development Corporation, Native American Development Corporation, and People’s Partner for Community Development.
North Fork Precision: Where a Montana Small Town Made Business Bigger
Broadus,
Montana
Dakota Business Lending
Relocating his business from a town with a population of over 50,000 to one with just over 450 residents might have seemed like an unexpected decision. Read how Kyle Copelan found opportunity in the unlikely and transformed North Fork Precision into a story of even bigger success.
A restaurant owner in Livingston, MT, lost sleep for months during COVID. Without enough assets, no bank was going to invest in his business, because restaurants are a notoriously risky industry to fund. Then, Ralph got connected with MoFi, a nonprofit designed to help people like him. Within three days, the money he needed was in his bank account. The restaurant was going to survive.
