Cindy Logsdon, former chief compliance and finance officer for Citizen Potawatomi Community Development Corporation, is now CEO.
The Citizen Potawatomi Community Development Corporation (CDC) — one of the largest Native-owned community development financial institutions (CDFIs) in the nation — has a new CEO.
Cindy Logsdon, former chief compliance and finance officer for the corporation, takes the helm, succeeding former Republican legislator Shane Jett (Cherokee) who is now racing for a state Senate seat.
Logsdon will oversee seven CDC employees focused on economic development and expanding access to capital in Tribal areas.
“Cindy’s promotion is incredibly well-deserved,” said Citizen Potawatomi Nation Chairman John “Rocky” Barrett. “We look forward to witnessing the Community Development Corporation thrive under her leadership.”
Logsdon has worked for the Citizen Potawatomi Nation (CPN) since 2003, during which time she has delivered more than $91 million in loans to Native American entrepreneurs and raised over $85 million in capital for the Tribe.
CPN, with an annual budget of $35 million, employs more than 2,400 employees. The Citizen Potawatomi CDC is responsible for the creation or retention of almost 1,600 jobs through more than 400 commercial loans to Native-owned firms. Meanwhile, nearly 10,000 Tribal citizens have received business or financial training through the CDFI.
Citizen Potawatomi CDC offers a variety of business development services, including:
- Financial education and credit counseling
- Asset builders matched savings program
- Commercial loan program
- National American Indian/Alaskan Native Business Opportunity & Workforce Development Center (BOWD)
CDFIs like Citizen Potawatomi CDC promote the growth of Tribal economies by providing financing to individuals who are often denied access to capital, which in turn prevents families from building wealth. Financially empowered Native citizens support Tribal self-sustainability and sovereignty, as the preservation and proliferation of Tribal cultures is greatly sustained by the economy.
Logsdon is instrumental in advancing opportunities for individuals, entrepreneurs and thus Native communities and Indian Country.