READOUT: Treasurer Chief Malerba Makes First Official Visit to an Alaska Native Tribe

ANCHORAGE, AK – This week, U.S. Treasurer Chief Lynn Malerba visited Alaska to meet with Alaska Native Tribal leaders in her first official visit to an Alaska Native Tribe.Chief Malerba’s visit celebrated the recentannouncementof up to $83 million in State Small Business Credit Initiative (SSBCI) funds for a consortium of 125 Alaska Tribes. Funded by the Biden-Harris Administration’s American Rescue Plan (ARP), this investment supports the nation’s largest Tribal SSBCI consortium and is part of the most expansive investment in small business financing for Tribal governments in history. Through the consortium, 125 Tribes will access critical economic development resources for Alaska’s Tribal economy and the funds are anticipated to catalyze as much as $830 million in additional private sector investment across the state and in Native-owned businesses.During the visit, Treasurer Chief Malerba attended a roundtable discussion in Anchorage, Alaska which was hosted by the Alaska Federation of Natives to discuss economic challenges impacting Alaska Native