A Tribe from the Southwest had several business enterprises running directly as divisions of Tribal government. After years of under performance, Blue Stone was hired to develop an economic development corporation. Utilizing best practices nationwide, we constructed bylaws and an operating plan that created an entity which balanced the need for outside expertise and internal Tribal control.
Our team also helped the Tribe incorporate a sizable investment fund into the new development corporation to finance business expansion over time. The result was a new $30 million development corporation comprised of six Tribal enterprises that is self-sufficient financially, and pays annual dividends back to the Tribal government.