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Business briefcase for July 7

Business briefcase for July 7


Financial classes available

Consumer Credit Counseling Service of the Black Hills is offering Credit When Credit Is Due, a free two part financial literacy class, from 6 p.m. to 9 p.m. Wednesdays, July 10 and 17, as well as an all-day class from 9 a.m. to 3 p.m. Tuesday, July 30, at 2310. N. Maple Ave. The class covers topics like goal setting, budgets, the importance of establishing and maintaining good credit, contracts, buying a car, buying a home, credit cards, bankruptcy, what to do when things go wrong and predatory lending. Graduates can receive financial incentives from area lenders and utility companies. For information or to register call 348-4550. Pizza will be provided.

Loans help Native entrepreneurs

The South Dakota Indian Business Alliance concluded its first year of operating the Native Entrepreneur Investment Fund. According to a news release, it deployed 11 loans totaling $100,000 to Native entrepreneurs throughout the state of South Dakota, created or retained approximately 30 jobs, and assisted nearly 50 individuals with various aspects of starting or expanding a business.

This first-ever statewide Native loan fund was the result of the Expanding Native Entrepreneurship Initiative, which was launched last May with a grant from the Citi Foundation, and was designed to expand access to fair lending products into all nine of South Dakota’s reservation communities and beyond. Approximately 30% of the entrepreneurs served through the initiative were located in or near cities, such as Rapid City, where approximately half of the American Indian population lives below the poverty level.

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