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Winnebago Tribe sees gains through diversification
Thursday, August 11, 2005
The Winnebago Tribe of Nebraska is seeing economic progress thanks to a diversification effort, USA Today reports.
The tribe started Ho-Chunk Inc., its economic development corporation, in 1994. The goal was to decrease the reliance on gaming revenues, which saw a big hit due to the legalization of riverboat casinos in nearby Iowa.
The strategy worked, with Ho-Chunk now reporting over $100 million in revenues. Most of the money goes back into businesses like AllNative.Com, an e-commerce site, and Rez Car, a used car company. The tribe also began Ho-Chunk Village, a housing development.
Ho-Chunk Inc. owns Indianz.Com.
Get the Story:
For Indian tribe, diversifying pays
(USA Today 8/11)
Relevant Links:
Winnebago Tribe -
http://www.winnebagotribe.com
Ho-Chunk Inc. -
http://www.hochunkinc.com
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