indianz.com your internet resource indianz.com on facebook indianz.com on twitter indianz.com on Google+ indianz.com on soundcloud
phone: 202 630 8439
Indian Law Online Master Degree - University of Tulsa College of Law
Advertise on Indianz.Com
Home > News > Headlines
Print   Subscribe
Senate Indian Affairs Committee tackles economic development

Filed Under: Business | National | Politics
More on: 113th, 8a, contracting, economic development, naca, ncaied, scia, senate, treasury
     


The Senate Indian Affairs Committee held an oversight hearing on economic development on Wednesday and heard some of the challenges facing businesses in Indian Country.

For the second year in a row, Indian Country has been shut out of the New Markets Tax Credit program, which is designed to aid low-income communities. Dennis Nolan, the deputy director of the Community Development Financial Institutions Fund at the Treasury Department, wouldn't explain why but suggested that more participation is needed.

"In the last round of 2013, we actually only had two Native CDFIs that actually applied," Nolan told the committee.

Nolan also wouldn't explain why CDFIs in Alaska have not benefited. But he said other institutions that serve the state have participated in the program.

Gary Davis, the president and CEO of the National Center for American Indian Enterprise Development, called on Congress to do more to encourage development in Indian Country. He said enforcement of the Buy Indian Act and increases to the Indian Loan Guarantee Program will help.

Kevin Allis, the executive director of the Native American Contractors Association, said Congress can help business in Indian Country by repealing a cap imposed on small federal contracts. Section 811 of the 2010 National Defense Authorization Act has led to a 60 percent drop in contracts greater than $20 million, according to his testimony.

The hearing lasted about an hour and four minutes. Audio can be found on the Indianz.Com Sound Cloud.

Get the Story:
Officials: Investors often overlook opportunities on tribal lands (Cronkite News Service 6/26)

Committee Notice:
Oversight Hearing on "Economic Development: Encouraging Investment in Indian Country" (June 25, 2014)

Related Stories:
Senate Indian Affairs Committee hearing on tribal economies (6/23)


Copyright © Indianz.Com
More headlines...
Stay Connected:
On Facebook

On Twitter

On Google+

On SoundCloud
Local Links:
Federal Register | Indian Gaming | Jobs & Notices | In The Hoop | Message Board
Latest News:
Native Sun News: Deadly storm hits Crow Creek Sioux Reservation (7/3)
Lakota Country Times: Rosebud youth hold suicide awareness walk (7/3)
Delphine Red Shirt: Speak the Lakota language to carry on culture (7/3)
Senate Indian Affairs Committee schedules trust reform hearing (7/3)
Chumash Tribe wins dismissal of suit over status of reservation (7/3)
Four groups in Oklahoma seeking federal recognition through BIA (7/3)
Little Shell Chippewa Tribe welcomes federal recognition reforms (7/3)
Leader of Duwamish Tribe calls denial of recognition 'devastating' (7/3)
Editorial: Other tribes in Virginia deserve federal recognition too (7/3)
Ojibwe hockey star excited for transfer to team in nation's capital (7/3)
Jamestown S'Klallam Tribe wants sacred rock on national register (7/3)
Rosebud Sioux Tribe won't give up on wind energy despite delays (7/3)
Catawba Nation fought against British during Revolutionary War (7/3)
Kootenai Tribe of Idaho revives powwow after 15-year absence (7/3)
Taos Pueblo man sentenced to seven years in prison for stabbing (7/3)
Disputed leader of Chukchansi Tribe sentenced for clash at casino (7/3)
Aquinnah Wampanoag Tribe starts work on Class II gaming facility (7/3)
Tohono O'odham Nation faces state in court in new casino lawsuit (7/3)
Cherokee Nation to open hotel at $80M casino near Arkansas in fall (7/3)
Brian Pierson: Tribal labor sovereignty could land in Supreme Court (7/3)
Pierre Bergeron: Judges split on federal labor law at tribal casinos (7/3)
Native Sun News: Lakota riders complete journey to Little Bighorn (7/2)
Lakota Country Times: Newspaper takes home top honors at NAJA (7/2)
Brandon Ecoffey: Delivering stories that matter to Indian Country (7/2)
Ivan Star: Creating a culturally appropriate economy at Pine Ridge (7/2)
Elizabeth Hawksworth: Being patriotic and being Native in Canada (7/2)
Micah A: Blood quantum does not make me any less of an Indian (7/2)
David Shorter: Learning not to speak on behalf of Native peoples (7/2)
Marc Simmons: Legend of Catholic priest saved by grateful tribe (7/2)
Sen. McCain deemed responsible for land swap at sacred Oak Flat (7/2)
A Tribe Called Red releases free remix of Buffy Sainte-Marie track (7/2)
Pamunkey Tribe wins final federal recognition decision from BIA (7/2)
Duwamish Tribe rejected for federal recognition for a third time (7/2)
BIA accused of blocking road access on New Mexico reservation (7/2)
Chippewa Cree Tribe elects Ken St. Marks as chair for fourth time (7/2)
Mississippi Choctaw leader comes out on top in unofficial results (7/2)
Bois Forte Band grows economy with second Tim Hortons Cafe (7/2)
Chickasaw Nation hails selection of permanent Indian law chair (7/2)
Editorial: Gila River Indian Community to blame for highway path (7/2)
Cow Creek Band continues to oppose new Coquille Tribe casino (7/2)
Confederated Salish and Kootenai Tribes renovate casino resort (7/2)
Four more tribes in New Mexico enter Class III gaming compact (7/2)
Editorial: Pojoaque Pueblo gets pass on illegal gaming operation (7/2)
Save Oak Flat caravan plans journey to DC to protect sacred site (7/1)
Court reluctantly backs NLRB in Saginaw Chippewa Tribe dispute (7/1)
Native Sun News: Opposition grows to delisting of grizzly bears (7/1)
Lakota Country Times: Reservation counties rank as deadliest (7/1)
Steve Russell: Professor outed as Cherokee fraud once again (7/1)
Harlan McKosato: Indian people survive despite mistreatment (7/1)
Marshall Matz: Fight for $380M in Keepseagle funds continues (7/1)
BIA acquires former military site in trust for Ho-Chunk Nation (7/1)
Appropriations bill adds $10M for tribal courts in PL280 states (7/1)
Sen. Murkowski questions definition of 'Indian' for health care (7/1)
South Dakota board won't back name change for sacred peak (7/1)
Fort Peck Tribes take on cost for homes promised by Brad Pitt (7/1)
Hoopa Valley Tribe orders water restrictions as tanks run dry (7/1)
Cherokee Nation certifies results of election for top positions (7/1)
Secretary Sally Jewell reaffirms opposition to racist mascots (7/1)
Virginia tribes hindered by racist policies created by one man (7/1)
Column: Native Code Talkers defended nation with languages (7/1)
Guilty plea for stabbing of BIA superintendent in South Dakota (7/1)
Opposition group rallies over Miccosukee Tribe land-into-trust (7/1)
Pojoaque Pueblo keeps casino open after gaming deal expires (7/1)
Court allows lawsuit for incident at Tonto Apache Tribe casino (7/1)
Navajo Nation Council approves bill to share gaming revenue (7/1)
Soboba Band celebrates 20th anniversary for gaming facility (7/1)
Mashantucket Tribe extends agreement for $1.7B casino debt (7/1)
BIA adopts new policy regarding federal recognition process (6/30)
Supreme Court agrees to resolve another Indian law dispute (6/30)
Patrick Murphy: Star Trek's William Shatner visits Navajoland (6/30)
Yvette Roubideaux: Making progress at Indian Health Service (6/30)
Native Sun News: Wambli Ska group shares culture with youth (6/30)
more headlines...

Home | Arts & Entertainment | Business | Canada | Cobell Lawsuit | Education | Environment | Federal Recognition | Federal Register | Forum | Health | Humor | Indian Gaming | Indian Trust | Jack Abramoff Scandal | Jobs & Notices | Law | National | News | Opinion | Politics | Sports | Technology | World

Indianz.Com Terms of Service | Indianz.Com Privacy Policy
About Indianz.Com | Advertise on Indianz.Com

Indianz.Com is a product of Noble Savage Media, LLC and Ho-Chunk, Inc.