Winnebago Tribe, corporation strengthen ties
Wednesday, April 9, 2008
Filed Under:
Business
The
Winnebago Tribe of Nebraska plans to work more closely with its award-winning economic development corporation,
Ho-Chunk Inc.
The tribe and HCI will develop a financial reporting system and communications plan in hopes of avoiding disputes. The move came after an outside financial audit questioned some of the corporation's practices. Some executives were also temporarily suspended.
The tribe started HCI in 1994. It has grown into a major business with over $100 million in revenues. Unemployment on the reservation has dropped from 70 percent to 20 percent since HCI began.
HCI owns Indianz.Com and
AllNative.Com.
Get the Story:
Tribe, Ho-Chunk resolve disputes
(The Sioux City Journal 4/9)
Related Stories:
Winnebago company's
financial officer resigns (03/27)
Ho-Chunk CEO criticizes
outside financial review (3/17)
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