Office of Economic Development

Introduction

Created in 2016 through the adoption of the USET Comprehensive Economic Development Strategy (CEDS), the USET Office of Economic Development assists member Tribal Nations with the growth of economic and community development efforts. USET staff supports the work of healthy and vibrant Tribal economies through training and technical assistance opportunities, resource brokering, and research and data appraisals.

The USET Office of Economic Development understands that growing Tribal businesses means more people with jobs, new revenue sources for Tribal Nations, a more vibrant and resilient Tribal economy, and strengthening Tribal sovereignty.

Economic Development News

Poarch Band of Creek Indians & Dreamcatcher Development Join Forces to Expand Award-Winning Hotel Brand

In an exciting and strategic collaboration, Creek Indian Enterprises Development Authority (CIEDA) and DreamCatcher Development, an award-winning hotel developer, have forged a new partnership aimed at further expanding the DreamCatcher Hotels brand. This partnership represents a significant milestone in the evolution of both organizations and is poised to elevate the company’s hospitality landscape to new heights.
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Indian Affairs awards $3 Million in Tribal tourism grants

The Indian Affairs Office of Indian Economic Development announced the awarding of more than $3 million in Tribal Tourism Grant Program funding to 30 federally recognized Tribes and Tribal organizations. The grants, which range in value from $30,000 to $150,000, are funded for one-year.
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The CDFI Fund Announces $194 Million in Financial Assistance Awards

The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) awarded 252 Community Development Financial Institutions (CDFIs) $194.1 million in Financial Assistance (FA) awards today. The awards, through the fiscal year (FY) 2022 round of the Community Development Financial Institutions Program (CDFI Program) and the Native American CDFI Assistance Program (NACA Program), will enable CDFIs to substantively expand lending and investment activity in disadvantaged and distressed neighborhoods and communities.
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Oneida Indian Nation launches Wáhta’ Maple Farm

The Oneida Indian Nation is further bolstering its tribal economy with the launch of a new sustainable agriculture enterprise. Tribally owned Wáhta’ Maple Farm will produce and market organic maple syrup in various flavor profiles. The company will harvest sap from trees on Oneida Nation lands.
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Tribal Economic Development: Action is Needed to Better Understand the Extent of Federal Support

The Indian Community Economic Enhancement Act of 2020 includes a provision that GAO conduct a study on Indian economic development. This report examines economic development programs available to tribal entities and the extent of fragmentation, overlap, and duplication among these programs; analyzes available data on obligations to tribal entities for these programs; and describes selected tax incentives available to tribes and related data, among other objectives.
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