Programs Arise to Aid Native American Entrepreneurs
Simons, Char, The Christian Science Monitor
As entrepreneurs, more native Americans are beginning to learn the ropes, despite relatively few models so far from within their own community.
"It was tough going. This was a new project, and there was nothing to compare it to in Indian country or non-Indian country," says Ed Goodrich, Jr., a member of the Stillaguamish tribe, which is starting a commercial nursery of pesticide-free native plants north of Seattle.
After an initial feasibility study, the tribe was able to secure grants and loans from a variety of public and private sources, including the Economic Development Administration and the US Forest Service.
The state of Washington confirmed that the tribe was on the right track, by recognizing it with a small-business start-up award. But it's too early to tell if the business will succeed.
Other start-ups are turning to a number of native-American-run organizations that offer business-training programs for tribes around the country.
* First Nations Oweesta Corp., a native organization that helps Indian communities develop financial institutions. Through start- up loans to individuals or private organizations rather than tribes, Oweesta (the Mohawk word for money) teaches such practices as balancing risk with responsible lending, delinquency and defaults, good collection procedures, and staff development. …