Red Lake Nation News - Babaamaajimowinan (Telling of news in different places)

Begaye approves $20 million for economic development on Nation


WINDOW ROCK, Ariz. — On March 27, Navajo Nation President Russell Begaye approved legislation appropriating $20 million dollars to the Sihasin Fund Navajo Community Development Financial Institution (CDFI) Economic Development Expenditure Plan to further economic development.

The vision of Navajo CDFI is to develop a financial infrastructure and a sustainable capital based economy on the Navajo Nation to further economic development. The project is designed to be a financial catalyst that will support and strengthen the private sector in creating a private business economy.


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