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
Fredericks Peebles & Morgan LLP
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:
National campaign launched to stop tribal disenrollment epidemic (2/9)
President Obama seeks $2.9B budget for Bureau of Indian Affairs (2/9)
Office of Special Trustee budget request remains steady at $140M (2/9)
Bureau of Reclamation emphasizes tribal water rights settlements (2/9)
Lakota Country Times: Indian health at center of Medicaid debate (2/9)
Mark Trahant: Native candidates fall behind in the big money wars (2/9)
Vi Waln: Arrogance keeps Keystone XL plans alive in South Dakota (2/9)
Charles Kader: Haudenosaunee territory will always be Indian land (2/9)
Mike Myers: Indigenous teachings still guide our ways of life today (2/9)
Albuquerque Indian Center faces closure without additional money (2/9)
Leader of Bois Forte Band promises fight against substance abuse (2/9)
Coushatta Tribe wins ruling in long-running dispute with contractor (2/9)
Pamunkey Tribe looks to a stronger future with federal recognition (2/9)
Isle de Jean Charles Band to relocate with help of $48M HUD grant (2/9)
Nambe Pueblo hopes small casino stands out in a crowded market (2/9)
St. Regis Mohawk Tribe sends fewer gaming funds to communities (2/9)
Tribes in Connecticut still working on process for potential casino (2/9)
Girls basketball team proudly wears Navajo hairstyle during game (2/8)
National Indian Gaming Commission slated to get a third member (2/8)
Senate committee to host roundtable on Tribal Law and Order Act (2/8)
Senate Indian Affairs Committee postpones field hearing into EPA (2/8)
Senate designates National Tribal Colleges and Universities Week (2/8)
Bill John Baker: Cherokee Nation invests in our people's wellbeing (2/8)
Kevin Washburn: Republicans punish tribe in public lands measure (2/8)
Harold Monteau: Democrats stack the deck for only one candidate (2/8)
Cutcha Risling Baldy: Don't let Leonard Peltier die in prison system (2/8)
Robert Jumper: Keep Eastern Cherokee council meetings on record (2/8)
Brian Pierson: Menominee Nation loses decision at Supreme Court (2/8)
Probe continues into unsolved homicide of 11-year-old Native girl (2/8)
Burns Paiute Tribe might seek to reopen judgment for stolen lands (2/8)
Shinnecock Nation approves plans to join medical marijuana field (2/8)
Teams protest corporate sponsor of Native basketball tournament (2/8)
Rosebud Sioux Tribe faces obstacles with repatriation of students (2/8)
Wallace Coffey resigns as chair of Comanche Nation after 25 years (2/8)
Broker accused of lying to tribal client about $190M in investments (2/8)
Seminole Tribe showcases long-lost declaration of independence (2/8)
Pope Francis to celebrate mass at Indian church for trip to Mexico (2/8)
California communities go without as casino revenue fund dries up (2/8)
Non-Indian firm looking to block Mashpee Wampanoag Tribe casino (2/8)
Umatilla Tribes raise gambling age as sales of liquor start at casino (2/8)
Apology offered to girls who were forced to change Native hairstyle (2/5)
Mark Trahant: Bernie Sanders campaign starts Indian policy group (2/5)
Charles Trimble: Taking responsibility for upkeep of our cemeteries (2/5)
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.