Small businesses are important partners in the nation’s economic recovery and a major source of job creation, but many struggle to make ends meet. Over the years, CFED has worked with partners in the small business and asset-building fields to pilot strategies to help business owners succeed.
Self-Employment Tax Initiative (SETI)
From 2005 - 2013, CFED worked with nonprofit tax assistance providers to implement the Self-Employment Tax Initiative (SETI). SETI is a small business development strategy that takes advantage of the tax code to help low-income, self-employed individuals formalize and grow their businesses, create jobs and access tax-based asset-building opportunities.
Small individually owned enterprises are an increasingly important economic base for Native communities. Yet, while efforts to promote entrepreneurship among low-income communities nationwide have grown dramatically over the past 20 years, only recently have Native communities begun to benefit from these programs and services. CFED is committed to strengthening the supports for Native entrepreneurship across the country through research and innovation, policy, and field development.
Between 2004 and 2011, CFED partnered with the Northwest Area Foundation and later, launched the Native Entrepreneurship Investment Research Project, in partnership with the South Dakota Indian Business Alliance and Citi Foundation, to explore challenges and opportunities for entrepreneurship in rural, native communities.