July 31: 5 Things You Need to Know This Week

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Photo of the Week: Grand Canyon West, owned by the Hualapi Tribe, is NAFOA’s featured member tribe enterprise for #NAFOAFall23! Plan your trip this October before or after the Fall Conference: www.grandcanyonwest.com

1. FOR TRIBES: EDA RECOMPETE PROGRAM ACCEPTING APPLICATIONS

The U.S. Economic Development Administration is accepting applications for the Recompete Pilot Program. This $200 million grant program will support economic revitalization in distressed communities across the country. The program targets areas where prime-age employment significantly trails the national average, with the goal to close this gap through flexible, bottom-up investments. EDA will deploy funding through a two-phase competition. Phase 1 investments can be used for strategy development (planning) activities, while Phase 2 investments (average $20 million – $50 million per region) can support a wide range of implementation activities.

Eligible Recipient Type: Eligible applicants include: (i) a unit of local government; (ii) the District of Columbia; (iii) a territory of the United States; (iv) a Tribal government; (v) political subdivisions of a State or other entity, including a special-purpose entity engaged in economic development activities; (vi) a public entity or nonprofit organization, acting in cooperation with the officials of a political subdivision of a State or other entity described in (v); (vii) an economic development district; and (viii) a coalition of any of the above entities that serve or are contained within an eligible geographic area.

Eligible Area: Recompete Pilot Program investments must be located in one of two eligible area types, including meeting certain Prime-Age Employment Gap (PAEG) requirements.

If you have questions, email Recompete@eda.govPhase 1 applications are due on October 5, 2023. A webinar with more information will be held on on August 10th from 3:30 pm-4:30 pm EDT.

Source: U.S. Economic Development Administration


2. POLICY: TREASURY DEPARTMENT ANNOUNCES FORMAL LISTENING SESSION WITH NATIVE CDFIS

The U.S. Department of the Treasury announced it will host a Listening Session for Native Community Development Financial Institutions (CDFIs) on Friday, August 18, 2023, from 1:00 to 4:00 p.m. Eastern time.

Treasury’s decision to hold the Listening Session comes after repeated formal requests from the Native CDFI Network and Native CDFIs from across the country for such a session to discuss critical issues impacting Native CDFIs, including CDFI Certification reform and proposed changes to the Native American CDFI Assistance (NACA) Program Financial Assistance and Technical Assistance applications.

In conjunction with the Listening Session, Treasury is accepting written comments, with a comment deadline of September 15, 2023 at 11:59 p.m. Alaska time. Written comments can be submitted at tribal.consult@treasury.gov.


Source: Native CDFI Network


3. COMMUNITY: COALITION SEEKS CHILD WELFARE SYSTEM STORIES

California Tribal Families Coalition (CTFC) is embarking on an important documentary project to spotlight stories of tribal children, adults, and families with lived experience in the child welfare system. The CTFC is asking for the stories of the tribal families that were affected.

The documentary will be narrated by tribal actors, community leaders, and artists, who will skillfully weave together the stories and testimonies collected from tribal children, adults, and families.

“We highly encourage all members of Tribal communities in California to lend their voices to this project by sharing stories,” said CTFC Co-Executive Director Michelle Castagne (Sault Ste. Marie Tribe of Chippewa).

The deadline to submit either video, audio, or a written testimonies is on Aug. 31 at 11:59PM. If you require any assistance or support with preparing and submitting your story or testimony, please contact us: ctfcstoryproject@gmail.com.

Source: California Tribal Families Coalition


4. FINANCE: FINANCIAL ACCOUNTING FOUNDATION SEEKS NOMINATIONS FOR THE FINANCIAL ACCOUNTING STANDARDS ADVISORY COUNCIL

The Board of Trustees of the Financial Accounting Foundation (FAF) today announced that it is seeking nominations for new members to join the Financial Accounting Standards Advisory Council (FASAC) for an initial one-year term beginning January 1, 2024. The FASAC is the primary advisory body to the Financial Accounting Standards Board (FASB).

Ideal FASAC member candidates possess:

  • Experience with and knowledge about the issues involving financial accounting and reporting
  • Skills and experience that complement or augment those within the collective membership of FASAC, or other expertise of value to the FASB.


Those interested in nominating a candidate for consideration should provide the candidate’s name, title, and (if available) resume or biography using the FASAC nomination form. Candidates who are not selected for the upcoming class may also be considered for future FASAC classes. The deadline to submit nominations is Friday, August 18, 2023.


For more information, please contact Elizabeth Gagnon at eagagnon@fasb.org or Michael Morrow at michael_morrow@mac.com

Source: Financial Accounting Foundation


5. JOBS: SAN MANUEL IS SEEKING MANAGING ATTORNEY

Under the direction of the Deputy General Counsel, the Managing Attorney – Corporate/Finance/Complex Transactions will assure best practices by providing (i) strategic legal direction on legal services rendered by department attorneys and outside legal counsel, and (ii) effective development, training, and oversight of staff attorneys in delivering legal advisory services on emerging issues related to the San Manuel Band of Mission Indians’ (SMBMI) government and its business enterprises.

The Managing Attorney’s responsibilities will include providing recommendations to minimize legal and financial exposure to the Tribe and overseeing the delivery of strategic legal support in the areas of contracting and procurement-related activities, finance, investments, corporate development, corporate governance, taxation, intellectual property, mergers and acquisitions, information technology, and other transactions-related areas.


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