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Monday, November 17, 2003

The Shakopee Mdewakanton Sioux Community is finalizing a $42 million loan to the Leech Lake Band of Ojibwe in what is believed to be the largest deal of its kind in Indian Country.

Both tribes are based in Minnesota and have gaming operations. But the Shakopee Tribe, which has fewer than 300 members, has had greater success with its casino and has used its position to help others. In addition to $31.5 million in grants to tribes and non-profits, the tribe has made $85 million in economic development loans.

The Leech Lake Tribe has a small casino and will use the loan to improve housing and promote economic development.

Get the Story:
Indian tribes forge ties with loan (The St. Paul Pioneer Press 11/16)

Relevant Links:
Shakopee Mdewakanton Sioux Community - http://www.ccsmdc.org

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