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Finance

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The CEO of a 100-percent tribally owned insurance company is back after a one-year leave of absence to serve as appointed spiritual leader for the Pueblo of Acoma.

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Raven Indigenous Capital Partners has raised $75 million (U.S.) to support early- and growth-stage companies led by Indigenous entrepreneurs in Canada and the U.S.  

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Native-owned venture capital firm Relevance Ventures led a $16.8 million Series-A funding round for Powers Gymnastics, which operates the largest network of USA Gymnastics-certified gyms in the nation.

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The Native American Financial Officer Association (NAFOA) has announced its 16th slate of Leadership Awards.
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An Alaskan Native Corporation has joined forces with an Anchorage-based investment firm to raise a $250 million private equity fund.

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WASHINGTON—A bankruptcy lawsuit involving an $1,100 payday loan could redefine a decades-long interpretation of tribal sovereign immunity and bleed into many aspects of doing business in Indian Country.    

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After a historic 2022, Indian Land Capital Company (ILCC) aims to do even bigger things over the next 12 to 15 months — to the tune of “$20 million to $25 million in projects,” CEO Rjay Brunkow, a member of the Turtle Mountain Band of Chippewa Indians, told Tribal Business News. 

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When it comes to business lending in Indian Country, character may count more than credit scores.    

That’s according to a report from the Minneapolis-based Center for Indian Country Development, which reveals that character-based risk assessment may be a more accurate predictor than credit profile and income when it comes to business lending by Native Community Development Financial Institutions (CDFIs).  

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Jamul Indian Village Development Corporation announced last week that it closed on a $515 senior credit facility led by KeyBanc Capital Markets, Inc. 

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PHOENIX — Native financial executive Hattie Mitchell has been appointed to a two-year term on the Government Accounting Standard Advisory Council (GASAC).