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