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NAC managing director Gavin Clarkson’s testimony before the Senate Finance Committee was instrumental in Congress’s removal of onerous restrictions on tribes in the issuance of municipal revenue bonds on a par with non-Indian communities. The result was the creation of the $2 Billion authority at Treasury for the issuance by tribes of up to $2 Billion in Tribal Economic Development (TED) Bonds. Following the passage of this new program, NAC guided multiple tribal clients to apply for and receive approval to issue over $30 Million in TED Bonds.
NAC has created the legal infrastructure and business corporations for several tribes. One of these tribes has successfully built several companies that currently generate over $200 Million in annual revenue.
NAC organized this consortium under the management of a Montana-based Native CDFI which consists of seven small tribes that would not have otherwise been able to participate in the new State Small Business Credit Initiative (SSBCI) program. This new program will enable the participating tribes to use the managed funds for new business development initiatives.
NAC was invited to participate in this project by a Native CDFI’s consulting firm. This project promises to yield some significant and unique partnerships between the Energy Company and tribal renewable energy projects.
Native American Capital (NAC) is Native American-owned consultancy located in the Washington DC Metro Area. NAC serves a wide range of Indian Country clients — tribes, Indian-owned businesses, businesses seeking partnerships with tribes, and investors seeking to capitalize Native American-owned enterprises. NAC specializes in enterprise-level financing that brings the full range of financing strategies and structures into a bundle of services called the ‘Tribal Finance Toolkit.’ This toolkit highlights the special financing opportunities available to Native American tribes as they exercise their sovereign nation status.
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+1 (703) 587-8908
info@nativeamericancapital.com