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Cherokee Nation Treasurer Lacey Horn graces the cover of the finance-themed December issue. As treasurer, Horn, a Cherokee tribal member, manages the Cherokee Nation’s multi-million-dollar budget, oversees internal and external audits, and applies cutting-edge thinking to decrease tribal expenses while growing revenues.
Gary Davis, Publisher of Native Business Magazine, underscored that overseeing the Cherokee Nation’s finances is no small feat. “The Cherokee Nation is the largest tribe in the United States, operating not only as a government, but also as a nonprofit, a foundation, and a corporation with a footprint in 49 states,” he said.
The December 2018 issue shines a light on people driving solutions to empower self-sovereignty, self-determination and economic strength. It also takes an honest look at financial institutions.
“Within these pages, we share the insights and stories of Native women and men defying the odds and improving tribal economic development strategies and access to capital,” said Carmen Davis, Publisher and Executive Editor of Native Business Magazine. “We also take banks to task, holding them accountable to their commitments to Indian Country.”
Inside the December Finance issue:
- Native Business Magazine speaks with Vince Logan, an Osage Nation member and authority on financial empowerment and wealth creation, about preparing the next generation of Native finance professionals.
- Mashpee Wampanoag Tribal Chairman Cedric shares with Native Business Magazine how the tribe’s entire economy and well-being is tied to its trust lands status, currently in a state of suspended limbo. “When you’re standing on your land, there’s a place of identity, and that’s economy,” Cromwell said.
- Native Business interviews Mike Lettig, who turned his idea for a Native American Financial Services unit for Key Bank into a reality in 2005. Lettig weighs in on what he considers the greatest current financial needs across Indian Country: governmental infrastructure and housing. He also divulges detailed information about financing senior secured credit facilities for tribes and handling four hefty Native debt deals totaling nearly a half billion dollars between August 2017 and August 2018.
- Shane Jett, CEO of the Citizen Potawatomi Community Development Corporation, reveals how one of Native America’s largest CDFIs continues to innovate to serve the community.
- Native American Bank President and CEO Thomas Ogaard discusses his national CDFI’s evolution since its formation in 2001, and shares his vision for Native American Bank’s continuous expansion. “In 5 to 10 years, I see the bank having 6 to 8 regional hubs around the country,” Ogaard said.
- Native Business Magazine has a candid conversation with Jon Campbell, head of Corporate Responsibility and Community Relations at Wells Fargo, about tribal reparations. “We know that it will take some time to regain the trust of the tribes, but we are committed to doing that,” Campbell said.
- Leaders of Woodlands National Bank, owned by the Mille Lacs Band of Ojibwe, shed light on growing from $17 million in assets in 1996 to $195 million today with seven branches across Minnesota.
- Native Business spotlights the best practices of exceptional Native American accountants Sam Owl and Sean McCabe.
- Harvard Kennedy School graduate Gabrielle Scrimshaw shares her plans to launch an investment firm for Native businesses and entrepreneurs.
- In a Special Report titled “Entrepreneurs & Access to Capital,” entrepreneurs across various sectors of business answer the same 10 questions, offering perspective on the state of affairs of small-business capitalization across Indian Country.
As Native Business Magazine demonstrates in our “finance” issue, human and financial capital is only growing across Indian Country. The upside and potential for Native American public and private business is enormous.
A clear message resonates in Native Business Magazine’s finance issue, and it is this: “We must recognize our worth, boldly communicate opportunities and push the funding envelope like never before and invest in ourselves on a more continuous basis,” said Gary Davis. “We just might be the ‘funding’ change we have been waiting for.”