2011 South Dakota Indian Business Conference Opening Remarks by Tanya Fiddler, Chair
Background & History <ul><li>Established in 2007 </li></ul><ul><li>Mission: To enhance Indian business development by leve...
Our Leadership <ul><li>Executive Team </li></ul><ul><li>Leadership Council </li></ul><ul><li>Conference Planning Committee...
A Strategic Approach to Sustainability <ul><li>Developed by Susan Woodrow, Federal Reserve Bank of Minneapolis, in 2008 </...
Conference Supporters Wopila Tanka <ul><li>Northwest Area Foundation </li></ul><ul><li>Citi Foundation </li></ul><ul><li>L...
Our Purpose <ul><li>Build. </li></ul><ul><ul><li>Reservation economic climates are conducive to private sector entrepreneu...
The New Native America <ul><li>South Dakota’s reservation counties experienced significant growth, meeting or exceeding th...
Income, Employment, and Population Growth South Dakota Sources : South Dakota Department of Labor, US Census Bureau 2000, ...
Income, Employment, and Population Growth South Dakota Growth 2000-2009 Sources : South Dakota Department of Labor, US Cen...
Median Income by Reservation
Median Income Growth Exceeds State Average <ul><li>Median income growth on reservations 40.07% </li></ul><ul><li>Compare t...
Employment by Reservation
Employment Growth Exceeds State Average <ul><li>Employment growth on reservations 10.63% </li></ul><ul><li>Compare to 6.83...
Economic Momentum Index for South Dakota Reservations <ul><li>Measures momentum of county relative to overall state </li><...
Who & What is Inspiring Our New Native America <ul><li>Partnerships </li></ul><ul><ul><li>Native Entrepreneurs  </li></ul>...
The Native Entrepreneur <ul><li>Native entrepreneurship is expanding  with support from Native CDFIs and other traditional...
CDFIs: Investing in Native Entrepreneurs $1,176,285 $5,487,864 $9,224,182 $2,511,738 $48,295
More Work Lies Ahead <ul><li>An Entrepreneurial Parity Gap Remains </li></ul><ul><ul><li>$126 billion gap in gross receipt...
Kim Trujillo <ul><li>Owner of Bow-K’s in Pine Ridge </li></ul><ul><li>Provides sweet treats and floral arrangements  </li>...
Lonny White Eyes <ul><li>2010 Micro-Entrepreneur of the Year </li></ul><ul><li>Prairie Dog Eradication </li></ul><ul><li>E...
RJ Lawrence <ul><li>Lawrence Lawn Care </li></ul><ul><li>IDA Saver </li></ul><ul><li>State Business Plan Winner </li></ul>...
Conference Overview <ul><li>Panels and Breakout Sessions designed around our business development model and policy recomme...
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2011 South Dakota Indian Business Conference Opening Remarks

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South Dakota Indian Business Alliance Chair, Tanya Fiddler, provides opening remarks at the 2011 South Dakota Indian Business Conference, May 17-18, 2011 in Rapid City, South Dakota.

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2011 South Dakota Indian Business Conference Opening Remarks

  1. 1. 2011 South Dakota Indian Business Conference Opening Remarks by Tanya Fiddler, Chair
  2. 2. Background & History <ul><li>Established in 2007 </li></ul><ul><li>Mission: To enhance Indian business development by leveraging partnerships and resources of diverse institutions and organizations. </li></ul><ul><li>Quarterly Meetings & Conference Calls </li></ul><ul><li>Policy Roundtables & Recommendations </li></ul>
  3. 3. Our Leadership <ul><li>Executive Team </li></ul><ul><li>Leadership Council </li></ul><ul><li>Conference Planning Committee </li></ul>
  4. 4. A Strategic Approach to Sustainability <ul><li>Developed by Susan Woodrow, Federal Reserve Bank of Minneapolis, in 2008 </li></ul><ul><li>Model for Business Development in Indian Country </li></ul>
  5. 5. Conference Supporters Wopila Tanka <ul><li>Northwest Area Foundation </li></ul><ul><li>Citi Foundation </li></ul><ul><li>Lakota Funds </li></ul><ul><li>Federal Deposit Insurance Corporation </li></ul><ul><li>Federal Reserve Bank of Minneapolis </li></ul><ul><li>Pine Ridge Area Chamber of Commerce </li></ul><ul><li>USDA Rural Development </li></ul><ul><li>Four Bands Community Fund </li></ul><ul><li>South Dakota Community Foundation </li></ul><ul><li>South Dakota Rural Enterprise, Inc. </li></ul><ul><li>First Interstate Bank </li></ul><ul><li>Fredericks, Peebles, and Morgan, LLP </li></ul><ul><li>Hunkpati Investments </li></ul>
  6. 6. Our Purpose <ul><li>Build. </li></ul><ul><ul><li>Reservation economic climates are conducive to private sector entrepreneurship development. </li></ul></ul><ul><li>Collaborate. </li></ul><ul><ul><li>Bring together the experts to share successes in entrepreneurship development. </li></ul></ul><ul><li>Inform. </li></ul><ul><ul><li>Let media and general public know of the positive realities in South Dakota’s reservation communities. </li></ul></ul>
  7. 7. The New Native America <ul><li>South Dakota’s reservation counties experienced significant growth, meeting or exceeding the state’s economic momentum index </li></ul><ul><li>Native Community Development Financial Institutions exist or are emerging on 7 of the 9 South Dakota Reservations and in Rapid City </li></ul><ul><li>10% of economic development financing came from non-bank lenders in the past year </li></ul>
  8. 8. Income, Employment, and Population Growth South Dakota Sources : South Dakota Department of Labor, US Census Bureau 2000, US Census Bureau 2005-2009 American Community Survey 5-Year Estimate Mike McCurry, Ph.D., South Dakota State University
  9. 9. Income, Employment, and Population Growth South Dakota Growth 2000-2009 Sources : South Dakota Department of Labor, US Census Bureau 2000, US Census Bureau 2005-2009 American Community Survey 5-Year Estimate Mike McCurry, Ph.D., South Dakota State University South Dakota Economic Momentum Index 13.13%
  10. 10. Median Income by Reservation
  11. 11. Median Income Growth Exceeds State Average <ul><li>Median income growth on reservations 40.07% </li></ul><ul><li>Compare to 27.06% for overall South Dakota Average </li></ul>Reservation Median Income Growth Crow Creek 95.18% Cheyenne River 51.24% Pine Ridge 49.70% Standing Rock 38.15% Lower Brule 32.32% Rosebud 29.76% Yankton 24.53% Lake Traverse 24.22% Flandreau Santee 15.55%
  12. 12. Employment by Reservation
  13. 13. Employment Growth Exceeds State Average <ul><li>Employment growth on reservations 10.63% </li></ul><ul><li>Compare to 6.83% for overall South Dakota average </li></ul>Reservation Employment Growth Pine Ridge 31.76% Cheyenne River 20.29% Rosebud 19.23% Lower Brule 8.36% Lake Traverse 7.10% Yankton 6.22% Standing Rock 6.21% Flandreau Santee 2.36% Crow Creek -5.83%
  14. 14. Economic Momentum Index for South Dakota Reservations <ul><li>Measures momentum of county relative to overall state </li></ul><ul><li>% change in employment, population, and income for the area normed to the state’s average over time </li></ul>Reservation Index Pine Ridge 33.76 Crow Creek 33.74 Cheyenne River 24.15 Lower Brule 19.85 Rosebud 18.18 Yankton 9.62 South Dakota 13.13
  15. 15. Who & What is Inspiring Our New Native America <ul><li>Partnerships </li></ul><ul><ul><li>Native Entrepreneurs </li></ul></ul><ul><ul><li>CDFIs </li></ul></ul><ul><ul><li>Resources </li></ul></ul><ul><ul><li>Supporting Organizations </li></ul></ul>
  16. 16. The Native Entrepreneur <ul><li>Native entrepreneurship is expanding with support from Native CDFIs and other traditional lenders </li></ul><ul><li>Microentrepreneurs are providing products and services locally, impacting Tribal revenues and quality of life </li></ul><ul><li>Youth entrepreneurs are creating meaningful work and job opportunities that didn’t exist before </li></ul>
  17. 17. CDFIs: Investing in Native Entrepreneurs $1,176,285 $5,487,864 $9,224,182 $2,511,738 $48,295
  18. 18. More Work Lies Ahead <ul><li>An Entrepreneurial Parity Gap Remains </li></ul><ul><ul><li>$126 billion gap in gross receipts for American Indian & Alaska Native businesses </li></ul></ul><ul><ul><li>Need an additional 147,000 American Indian & Alaska Native businesses to be comparable to average American population </li></ul></ul><ul><li>Average household median income still considerably lower than state and national averages </li></ul>
  19. 19. Kim Trujillo <ul><li>Owner of Bow-K’s in Pine Ridge </li></ul><ul><li>Provides sweet treats and floral arrangements </li></ul><ul><li>Funding from Lakota Funds </li></ul>
  20. 20. Lonny White Eyes <ul><li>2010 Micro-Entrepreneur of the Year </li></ul><ul><li>Prairie Dog Eradication </li></ul><ul><li>Employs 3 employees during summer months </li></ul><ul><li>Funding by Four Bands </li></ul>
  21. 21. RJ Lawrence <ul><li>Lawrence Lawn Care </li></ul><ul><li>IDA Saver </li></ul><ul><li>State Business Plan Winner </li></ul><ul><li>National Recognition </li></ul>
  22. 22. Conference Overview <ul><li>Panels and Breakout Sessions designed around our business development model and policy recommendations. </li></ul><ul><li>Coaching Corner </li></ul><ul><li>Resource Track </li></ul><ul><li>Visit our Exhibitors & Vendors </li></ul>

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