Little Traverse Band looking to diversify economy
Monday, November 23, 2009
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Business
The
Little Traverse Bay Bands of Odawa Indians of Michigan recently formed a corporation to pursue economic development opportunities.
Waganakising Odawa Development, Inc. is looking at two sectors: government contracting and renewable energy. Frank Ettawageshik, the president of the corporation, believes the tribe can benefit from growth in both areas.
“It’s better, I believe, to not have all your eggs in one basket with revenue sources,” Ettawageshik said at a tribal council meeting, The Petoskey News-Review reported.
So far, Waganakising has landed one government subcontract and is looking for ways to get into alternative energy.
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Tribe looking to create more revenue through government and alternative energy contracting
(The Petoskey News-Review 11/23)
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