While Indian gaming has helped some tribes, economic development challenges still persist in many tribal communities. These challenges range from insufficient access to capital, to insufficient workforce development, to underdeveloped physical infrastructure. In an effort to overcome these challenges and combat the persistent poverty and unemployment that pervades many Indian reservations, the federal government has enacted certain business development incentives to encourage economic growth in Indian country.
These incentives take many forms, including tax credits, loan guarantees and tribal contracting preferences. A non-Indian business can leverage these incentives on its own and in partnership with a tribe to the benefit of all involved. With nearly 100 Indian reservations (or rancherias) throughout California, businesses in this state are uniquely situated to profit from these federal programs. A business interested in exploring such business opportunities should consult an attorney experienced in Indian law who is familiar with these federal programs.
Tax Savings
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
