Finance
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- By Brian Edwards
- Finance
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WASHINGTON—As Indian Country celebrated a major win for tribal sovereignty in Brackeen v. Haaland, the Supreme Court chipped away at a different aspect of tribes’ inherent right to govern themselves with another opinion issued Thursday morning.
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- By Chez Oxendine
- Finance
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The Native American Finance Officers Association (NAFOA) has a new leader in Susan Masten, who took up the role of interim executive director earlier this month.
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- By Tribal Business News Staff
- Finance
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The Native American Finance Officers Association (NAFOA) announced a change in leadership late last week. The nonprofit financial education and networking organization named former Yurok Tribal Leader Susan Masten as its interim executive director, effective June 1.
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- By Chez Oxendine
- Finance
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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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- By Tribal Business News Staff
- Finance
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SCOTUS hears arguments in bankruptcy case that has implications for doing business in Indian Country
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- By Brian Edwards
- Finance
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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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- By Tribal Business News Staff
- Finance
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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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- By Elyse Wild
- Finance
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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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- By Elyse Wild
- Finance
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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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- By Brian Edwards
- Finance
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WASHINGTON — The U.S. Department of the Treasury has upped the amount of financial assistance it is providing to Native Community Development Financial Institutions (CDFIs) in its latest — and later than usual — round of funding.