Empowering Native American Entrepreneurs: The Impact of Potawatomi Business Development Corporation
The Native American population has long suffered political, social, and economic marginalization in the United States. However, the growth of the gaming industry has brought about an unprecedented economic development opportunity for indigenous communities. The Potawatomi Business Development Corporation (PBDC) is one such organization dedicated to economic growth and empowerment for Native American entrepreneurs. This article explores the impact of the PBDC on the Native American community and the wider United States economy.
History and Mission of PBDC
The Potawatomi Business Development Corporation is a wholly-owned subsidiary of the Forest County Potawatomi Community. The corporation was founded in 1991 with the primary goal of promoting economic development for the Potawatomi tribe. Since then, PBDC has expanded its scope to benefit the Native American community as a whole. The corporation provides financial and technical assistance to budding entrepreneurs, creating job opportunities and sustainable economic growth.
Impact of PBDC
PBDC offers a variety of programs that cater to the unique needs of the Native American community. One such program is the Native American Capital Fund, which provides loans and investment opportunities to small businesses in Indian Country. The corporation also offers business training and mentoring programs, which equip entrepreneurs with the knowledge and skills necessary to establish and sustain successful businesses.
The impact of PBDC is widespread, with success stories spanning several industries. For instance, PBDC has invested in and provided vital assistance to Indian Motorcycle, the first American motorcycle company, founded by an indigenous entrepreneur. PBDC also supported the formation of Wisconsin’s first tribally owned and operated bank, First American Capital Corporation. Additionally, PBDC has invested in various renewable energy projects, including wind turbines and solar panels, leading to a cleaner environment and job creation.
The PBDC’s impact is not limited to the Native American community but has wider implications. According to a study by the Harvard Project on American Indian Economic Development, an increase in Native American entrepreneurship leads to job creation in both Native American and non-Native American communities. Therefore, the PBDC’s economic development efforts not only benefit the Native American population but pave the way for positive economic growth in the United States as a whole.
Conclusion and Key Takeaways
The Potawatomi Business Development Corporation is a commendable organization that has successfully empowered Native American entrepreneurs, creating sustainable economic growth and development. The corporation’s programs have equipped budding entrepreneurs with the necessary skills and resources, leading to the establishment of successful and profitable businesses. PBDC’s impact is not limited to the Native American community, but has wider implications on the United States economy, leading to job creation and positive economic growth. As such, it is crucial that we support organizations like PBDC and invest in Native American entrepreneurship to unleash the full potential of this segment of the population.
(Note: Do you have knowledge or insights to share? Unlock new opportunities and expand your reach by joining our authors team. Click Registration to join us and share your expertise with our readers.)
Speech tips:
Please note that any statements involving politics will not be approved.