Financial Literacy/Business Basics
In late 2017, NMCC was awarded a multi year grant from W.K. Kellogg Foundation for $1.2 million to assist Native American families in developing better budgeting tools; address issues of debt; and learn to apply these principles in small locally owned businesses. Work will begin in Central and Northern New Mexico and grow to include mid-western U.S. tribal communities. Multiple studies have indicated that 3 top barriers to financial sustainability in Native American communities are: Lack of Business related financial literacy; Lack of basic business education in the general community; and lack of entrepreneurial skills and experience. Our market experience in the NEIR Program, coupled with these studies, led to this grant which will bring these tools to a younger audience, closer to home, in pueblos and reservations.