Indian Country Economic Development Program (ICED)
The Indian Country Economic Development program is a state-funded program administered by the Montana Department of Commerce.
The 59th Montana Legislature made funds available to support tribal business development projects, workforce training projects, entrepreneurial training, feasibility studies and other types of economic development projects. Funds have been available to tribal governments since October 1, 2005. Each Tribe was awarded $55,000 in fiscal year 2006 and $50,000 in fiscal year 2007.
A total of $560,000 for fiscal year 2008 is available to the governing body of each Montana Indian Reservation and to the governing body of the Little Shell Tribe of Chippewa Indians of Montana.
Program Guidelines:
- The governing body of each Tribe is the only eligible applicant for this program;
- A maximum amount of $70,000 per Tribe is available for fiscal year 2008. The applicant may grant or loan the money to a business enterprise if it will produce a positive economic benefit for the Tribe(s);
- A tribal resolution must accompany the application;
- The application deadline is March 31;
- A $1 to $1 funding match is required.
The Montana Department of Commerce works closely with the State Tribal Economic Development Commission in coordinating economic developments efforts on Montana’s reservations. Application guidelines for fiscal year 2009 are being developed. Funds will become available beginning July 1, 2008.
