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Finance

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Native American Bank has provided a long-term loan to support expansion and refinancing initiatives for Midi Enterprises, LLC, a federal contracting and economic development company owned by the Mandan, Hidatsa and Arikara Nation.

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Native communities receive a tiny fraction of philanthropic funding in the United States. For every $1,000 foundations give away, only a few dollars reach Native communities — a gap that says less about need or impact and more about how philanthropy sees Indian Country.

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The Soboba Band of Luiseño Indians closed a $219 million senior secured credit package to refinance existing debt and fund construction of an on-site energy facility at its Riverside County gaming resort, according to the lead arranger.

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There was a time not long ago when capital simply did not move in Indian Country.

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Talking with Robert J. Miller is a reminder of how much of American economic history has been misremembered — or deliberately forgotten.

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Tribal governments face higher costs than state and local governments when issuing bonds in public markets, according to new research from the Center for Indian Country Development at the Federal Reserve Bank of Minneapolis — a structural gap that can shape how tribes finance infrastructure and enterprise development projects. 

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Tallsalt Advisors has formed a majority Native-owned joint venture with Derivative Logic to provide independent interest rate hedging advisory services for tribal governments, tribal enterprises, nonprofits and institutions, the firms announced.

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Difference Makers 3.0, a podcast partnership between Tribal Business News and the Native CDFI Network, will launch its new season Thursday, Feb. 12, expanding the series’ focus from small business lending into a broader examination of Native finance, policy, and impact.

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Senate Finance Committee ranking member Ron Wyden (D-Ore.) urged the Securities and Exchange Commission to consider delisting White River Energy Corp., accusing the company of repeatedly violating federal securities laws while concealing a federal criminal investigation tied to the sale of nonexistent “tribal tax credits.” 

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Jamul Indian Village Development Corporation has refinanced $425 million of senior secured debt tied to the Jamul Indian Village’s gaming and resort operations in San Diego County, according to transaction details released by the lead arranger.