NM group gets funds to bolster tribal business

September 21, 2013 • State News

ALBUQUERQUE, N.M. (AP) — A New Mexico organization has received a federal grant to expand efforts aimed at boosting the development of Native American businesses.

U.S. Rep. Michelle Lujan Grisham [auth] announced Friday that New Mexico Community Capital was awarded a grant worth more than $400,000 from the U.S. Department of Commerce.

The New Mexico Democrat says the investment will lead to much-needed innovation and job creation as tribal communities continue to recover from the economic downturn.

The money will be used to provide technical assistance in creating culturally-aligned sustainable businesses. The initiative aims to reduce the skills gap for tribal employees and capitalize on sectors such as energy, water and agriculture.

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