Foreign Direct Investment (FDI) is the process of foreign capital flowing into a community, usually from one country to an entity based in another country. Exporting is the sale of goods or services produced in one country to consumers in another country. With the understanding that Tribal Nations are sovereign governments that predate the United States, foreign direct investments and exporting can be applied to trade between Tribal Nations and United States communities and governments. One of the major responsibilities of economic development professionals is to grow the economic base of a community. FDI and exporting grows the economic base of communities by attracting new investment and funds into the Tribal economy.
Foreign Direct Investments Resources
SelectUSA – Created in 2011, SelectUSA serves FDI targeting investors via international road shows, offers a one-stop-shop for resources, and helps support funding for projects.
International Trade Resources
International Trade Administration – Under the Department of Commerce, the International Trade Association strengthens the competitiveness of U.S. industry, promotes trade and investment, and ensures fair trade through the rigorous enforcement of trade laws and agreements.
United States Department of State, Office of Commercial and Business Affairs – With 96% of global consumers living outside the United States, exports are a great way to increase jobs and income here at home. The Direct Line program provides a unique opportunity for American businesses, particularly small- and medium-sized enterprises, to engage directly via webcast with U.S. ambassadors overseas.
Inter-Nation Trade
A key distinction from “international trade” with other countries, “inter-nation trade” refers to trade between Tribal Nations. This concept is strongly influenced by the traditional trade routes and economies of Tribal Nations prior to the start of colonization.
The Hoover Project on Renewing Indigenous Economies conducts research to inform and promote policies that empower Native Americans to regain control over their lives and resources.
USET Tribal Enterprise Directory
A newly developed tool to help promote trade among USET member Tribal Nations is the USET Tribal Enterprise Directory. The Directory lists over 600 individual business firms and enterprises owned and managed by USET member Tribal Nations across 20 industry sectors. By using the Directory, Tribal businesses and firms can easily find goods and services while supporting Tribal Nations’ economies.