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Economic Development

fisher with fish
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JUNEAU, Alaska — The Alaska Native-owned Sealaska Corporation has added to its portfolio of food companies with the acquisition of a U.K. seafood importer and processor. 

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KODIAK, Alaska — Alaska Native-owned Koniag Inc. has acquired a Soldotna-based electrical services provider to add to its growing portfolio of companies in the energy and water sector. 

tribal wireless map
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WASHINGTON — The Federal Communications Commission has granted licenses to 154 tribal applicants who applied during the “Rural Tribal Priority Window” to access unassigned wireless broadband spectrum over their reservations.

Joe Borgstrom
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Until the passage of the HEARTH Act in 2012, American Indian tribes often were limited in how they could steer commercial and residential land use on trust lands.

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New federal legislation will help pave the way to deliver needed services to Native American and Alaska Native entrepreneurs throughout Indian Country.

Eugene Magnuson
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MANISTEE, Mich. — Eugene Magnuson took over as CEO of Little River Holdings on Jan. 1 with an aggressive plan to diversify the Little River Band of Ottawa Indians’ economy into a range of new ventures. Shortly afterward, COVID-19 came along, forcing the tribe to hit pause on some of those plans.

Mille Lacs Band logo
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ONAMIA, Minn. — The Mille Lacs Band of Ojibwe plans to leverage grant funding it received in response to the coronavirus pandemic on a feasibility study for a business incubator. 

Yurok Tribe Shoreline Market
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ORICK, Calif. — The Yurok Tribe of northern California wants to rejuvenate a strategically located gas station and convenience store after acquiring the business and 9-acre property from its former owners. 

John Hendrix
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If history is any example, the current economic downturn brought on by the COVID-19 pandemic could be an “ideal time” for Native entrepreneurs to start a new business. 

Hard Rock Seltzer
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HOLLYWOOD, Fla. — A business enterprise of the Seminole Tribe of Florida is getting into the growing hard seltzer market with a new licensing agreement.