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National Center for American Indian Enterprise Development

KeyBank has announced a $300,000 philanthropic grant to the The National Center for American Indian Enterprise Development (NCAIED), a non-profit organization that assists American Indian tribes and tribal people with businesses and economic development.

KeyBank’s grant will be used to offer hybrid in-person and online Native Edge Institute (NEI) training events in eight KeyBank states (Alaska, Colorado, Idaho, Michigan, New York, Oregon, Utah, and Washington), that include business development training and counseling, as well as services specifically tailored to increasing Native and tribally owned businesses’ COVID-19 resilience.

In addition, KeyBank will provide small business loans to help 20 Native-owned businesses in KeyBank states address their immediate financial needs.

The funds will be used to aid tribal businesses affected by COVID-19, leading to greater economic stability. The need is great: A survey of private sector businesses in Indian Country in July 2020 found that 68% of respondents had at least a 20% revenue loss. At the time, 48% of respondents believed their businesses were more than six months away from returning to normal, and 27% had predicted their business will never return to normal.

"We see this as a valuable partnership as we aim to help Indian tribes and businesses gain access to economic opportunity and growth," said KeyBank’s National Executive for Native American Financial Services Mike Lettig. “This organization fits well with our mission of helping our clients and communities thrive by achieving greater economic stability. Nowhere is that more important than in rural communities that often lack access to business expertise and capital.”

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“KeyBank has been a tremendous partner with the National Center for American Indian Enterprise Development,” said Chris James, President and CEO of the National Center. “Its support of our Native Edge Institutes has helped our organization bring these critical training and educational programs to new audiences in nearly every corner of the country. We look forward to continuing our work with KeyBank and the entrepreneurs and communities it serves.”

About the National Center for American Indian Enterprise Development

The National Center for American Indian Enterprise Development (NCAIED) is a 501(c)(3) non-profit organization. With over 50 years of assisting American Indian Tribes and their enterprises with business and economic development — The National Center has evolved into the largest national Indian specific business organization in the nation serving over 500 clients and providing over $4 billion in contracts to its clients. The National Center has nine offices throughout the nation with its home office located in Mesa, Arizona. The National Center is actively engaged in helping Tribal Nations and Native business people realize their business goals and are dedicated to putting the whole of Indian Country to work to better the lives of American Indian people — both now ... and for generations to come. 

www.ncaied.org

About KeyCorp

KeyCorp's roots trace back nearly 200 years to Albany, New York. Headquartered in Cleveland, Ohio, Key is one of the nation's largest bank-based financial services companies, with assets of approximately $187.0 billion on September 30, 2021. Key provides deposit, lending, cash management, and investment services to individuals and businesses in 15 states under the name KeyBank National Association through a network of 1,000 branches and approximately 1,300 ATMs. Key also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications and derivatives to middle market companies in selected industries throughout the United States under the KeyBanc Capital Markets trade name. For more information, visit https://www.key.com/. KeyBank is Member FDIC. 

The National Center for American Indian Enterprise Development