Local Native-owned businesses receive Commerce grants

The Montana Department of Commerce on Tuesday announced $320,000 in grants available through the Indian Equity Fund will support 24 new and expanding Native-owned small businesses including three in Lake County.

All American Autoworks in Ronan will receive $12,000 to purchase equipment, including an electric welder, plasma cutter, welding set and other tools.

Arrow Rock in Polson will receive $14,000 to purchase a dump trailer with 10,000-pound capabilities.

Hair to the Throne in Polson will receive $14,000 to purchase equipment and supplies.

“The Indian Equity Fund has a proven record of successfully infusing capital into Native-owned small businesses in Montana,” Department of Commerce Director Scott Osterman said. “In fact, 92 percent of recipients over the past five years are still operating and even expanding further.”

The Indian Equity Fund is one of four financial assistance programs under the Office of Indian Country Economic Development at the Montana Department of Commerce. Other programs include the Native American Business Advisors Grant, Native American Collateral Support, and the Tribal Business Planning Grant.