First Nations Oweesta Corporation (Oweesta)

$25,000 Awardee – Community Impact

First Nations Oweesta Corporation (Oweesta), of Rapid City, S.D., received the 2007 Impact Award. Oweesta was chosen for the extraordinary impact it has made on the Native CDFI Industry and the communities these Native CDFIs serve. Since 2003, Oweesta has worked with roughly 250 tribal entities/Native communities in the area of CDFI development, and hundreds more focusing on asset building program development. Through Oweesta’s work in promoting the creation of Native CDFIs and publicizing the work they do, the interest in and awareness of Native economic development grows every day. The nation’s premier intermediary for Native community development financial institutions, Oweesta (from the Mohawk word for money) helps build strong Native institutions and programs through professional services designed to build local capacity, provide powerful tools for Native community development, and promote economic sovereignty.