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
Sovereignty and E-Commerce:  Innovating and Reshaping the  Borders of Indian Country - Arizona State University Third Annual Tribal Government E-Commerce CLE Conference
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:
Bureau of Indian Affairs still failing on online security measures (2/21)
Mary Annette Pember: Indigenous people can't ever back down (2/21)
Harold Monteau: Democrats to blame for President Donald Trump (2/21)
Tohono O'odham Nation leaders share concerns about border wall (2/21)
Pacific Northwest tribes finally rebury remains of Kennewick Man (2/21)
Mashpee Wampanoag Tribe affirms election results after recount (2/21)
Standing Rock Sioux Tribe hopes to see return of casino business (2/21)
Bureau of Indian Affairs confirms Wilton Rancheria casino in trust (2/21)
Mohegan Tribe said gaming executive didn't disclose stake in firm (2/21)
Tribal sovereignty foe in charge of nation's environmental agenda (2/20)
Trump gets another extension in Supreme Court tribal casino case (2/20)
Senate finally ready to consider nomination of Ryan Zinke for DOI (2/20)
Senate Indian Affairs Committee sets hearing on Trump 'priorities' (2/20)
Tim Giago: Our Lakota children are dying while we wring our hands (2/20)
Mark Trahant: Indian programs gain 'high risk' label at worst time (2/20)
Native Sun News Today: 'Haven For Hope' proposed for homeless (2/20)
Ivan Star Comes Out: 'Civilization' aims to alienate Native America (2/20)
Cronkite News: Navajo leader pleads to Trump to help power plant (2/20)
André Cramblit: Sorry but Indian Country just got 'Trumped' again (2/20)
Dina Gilio-Whitaker: Sen. Hoeven raises red flags in Indian Country (2/20)
Peter d'Errico: Indian Country's 'trustee' isn't trustworthy anymore (2/20)
Raymond Hitchcock: The facts about Wilton Rancheria's casino plan (2/20)
Wilton Rancheria seeks to join lawsuit as gaming site is put in trust (2/20)
Tribes find common ground with Trump on Supreme Court nominee (2/17)
Bureau of Indian Affairs issues 'trespass' notice to #NoDAPL camp (2/17)
Hearing on injunction against Dakota Access moved to February 28 (2/17)
Native Sun News Today: Drilling test in treaty territory stirs concern (2/17)
Editorial: Presidents on Mount Rushmore didn't treat tribes so well (2/17)
Native women pushing for action on missing and murdered sisters (2/16)
Army Department formally cancels Dakota Access Pipeline review (2/16)
Native Sun News Today: Dakota Access firms see spills, explosions (2/16)
James Giago Davies: Tribes face bigger threat than Dakota Access (2/16)
Cronkite News: Navajo school official worried about Trump era cuts (2/16)
Monte Mills: Tribes turn to courts to battle Dakota Access Pipeline (2/16)
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.