Over the next five years, CEO Tom Wilbur plans to build Grand Traverse Economic Development into a $100 million diversified portfolio of eight to 10 firms capable of capturing federal and state contracts.

Published in Economic Development

With the acquisition this year of a Charlevoix-based defense contractor, Grand Traverse Economic Development is executing on the initial steps of its investment strategy to diversify revenues for the Grand Traverse Band of Ottawa and Chippewa Indians away from gaming. If all goes to plan for Traverse City-based GTED, the sovereign tribe’s non-gaming commercial investment arm intends over the next decade to build a $1 billion portfolio of companies, almost entirely focused in some way on government contracting.

Published in Economic Development