Advantages of Doing Business with a Tribe!

I was recently working on a deal when someone inquired about the "Advantages of Working with Native American Tribes." Tribes can provide a number of business benefits, including the following:

1. Access to unique resources: Many tribes have access to natural resources, such as timber, minerals, and water, which can be used for a variety of business purposes.
2. Economic development opportunities: Many tribes are looking to diversify their economies and create new opportunities for their members. Partnering with tribal businesses can help achieve this goal.
3. Tax incentives: Businesses that work with tribes may be eligible for certain tax incentives, such as tax credits like the New Market Tax Credits.

Additionally, business partnerships with a tribe can lead to lower business taxes! This creates stronger business revenue models, which naturally helps fuel business growth.

4. Access to a skilled workforce: Many tribes have programs and initiatives in place to train and educate their members, providing businesses with access to a skilled workforce.

5. Government contracts: Many tribes have sovereign status, which allows them to enter into government contracts and receive federal funding for economic development projects.

6. Legal protection: Many tribes have legal protections in place that can shield businesses from certain types of litigation and regulation.

However, for partnerships arrangements, there is zero risk for investors because tribes and their respective partners can arrange for sovereignty waivers as to fully protect investing partners.

7. Cultural exchange: Working with tribes can provide an opportunity to learn about and appreciate different cultures, which can be beneficial for businesses operating in diverse markets.

8. Building trust: By working with the tribes, companies can build trust with the community, which can be beneficial for long-term business success.

These are just a few examples. If you would like to learn more, read the article link below which takes a deeper business dive on this subject. When a Bull Market Ends and Inflation Looms, Native Tribes Could Lead the Way! | by Vince DelaRosa | Medium

If you have a deal that you feel could benefit from tax and contracting advantages, let's talk. I can be reached here: Business | TeKeni Economic Development Corp. | Mount Prospect