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Displaying items by tag: MnoBmadsen

Wednesday, 11 May 2022 11:08

Mno-Bmadsen builds real estate portfolio via new partnership

DOWAGIAC — Mno-Bmadsen, the non-gaming investment arm of the Pokagon Band of Potawatomi Indians, has co-invested in a mixed-use property that aims to play a role in the revitalization of a Southwest Michigan city.

Sunday, 18 July 2021 13:19

Tribal enterprises persist as gaming revenues tank during pandemic

As the COVID-19 pandemic wreaked havoc on tribal casino gaming revenue, officials with the non-gaming economic development arms of several Michigan tribes say their flow of capital and projects largely held steady.

Published in Economic Development
Monday, 25 January 2021 06:00

Tribally owned professional services group rebrands, expands during pandemic

DOWAGIAC — Seven Generations Group, a professional services portfolio of companies, is rebranding and has also managed to grow its portfolio with the formation of Blue Star Integrative Studio, a full-service architecture firm based in Tulsa, Okla., and the spin off of Kalamazoo-based Steelhead Engineering Co. 

Published in Economic Development

Friday, 15 January 2021 16:40

CEO departs Mno-Bmadsen for tribal economic development position in Washington

DOWAGIAC — The CEO since the founding of Mno-Bmadsen, the non-gaming economic development and investment arm of the Pokagon Band of Potawatomi, is resigning his post to take a role at a similar tribal organization in Washington.

Published in Economic Development
Sunday, 19 July 2020 17:20

Michigan tribes face ‘circular exclusion’ from key minority business certification

As a citizen of the Match-E-Be-Nash-She-Wish Band of Pottawatomi Indians and CEO of its non-gaming enterprise, Kurtis Trevan wants to leverage other corporations’ diversity and inclusion goals to the economic benefit of his fellow tribe members, as well as further the tribe’s own inclusionary spending. 

Published in Economic Development
Sunday, 19 July 2020 17:28

Casino closures make case for Michigan tribes’ further economic diversification

In mid March of this year, all 24 of Michigan’s tribally operated casinos fell silent, their more than 22,280 slot machines spitting out their final paydays for lucky patrons or taking one last injection of cash for the house.

Published in Economic Development


Sunday, 19 July 2020 17:17

CDFI helps bridge financing gap for Native entrepreneurs

DOWAGIAC — After they prepared for the opening of the Four Winds Casino in New Buffalo, the leaders of the Pokagon Band of Potawatomi years ago sought ways to use the revenues to assist tribal citizens to achieve self-sufficiency.

Published in Finance
Monday, 25 May 2020 14:35

Seven Generations A+E transitions to remote work to deliver ongoing federal projects

KALAMAZOO — Even as construction and development projects came to a halt for several weeks as states and the nation reacted to the spread of COVID-19, Seven Generations Architecture & Engineering LLC has remained busy. 

Published in Manufacturing
Sunday, 19 January 2020 13:43

Q&A: Eugene Magnuson, CEO, Little River Holdings

In his previous role as chairman of Mno-Bmadsen, the non-gaming economic development and investment arm of the Pokagon Band of Potawatomi Indians, Eugene Magnuson was able to help out the tribe of which he and his mother are citizens. In his new position as CEO of Little River Holdings in Manistee, Magnuson gets to leverage that experience in helping advance the economic security of his father’s tribe, the Little River Band of Ottawa Indians. He spoke with MiBiz about his long-term vision for Little River Holdings and the group’s growth strategy. 

Published in Economic Development

Sunday, 18 August 2019 17:30

INDIAN COUNTRY: Tribes grapple with how to approach cannabis economically, legally

Native American tribes that want to participate in Michigan’s fledgling cannabis industry face many bureaucratic hurdles.

Published in Economic Development
Sunday, 03 March 2019 21:23

Mno-Bmadsen targets $25M EBITDA by 2022

Dowagiac-based Mno-Bmadsen, the non-gaming investment arm of the Pokagon Band of Potawatomi Indians, takes a familiar portfolio-based approach to its economic development enterprise. But rather than drive overall top-line revenue for its family of companies, Mno-Bmadsen is focusing on growing the combined earnings before interest, taxes, depreciation and amortization (EBITDA) of its holdings.

Published in Economic Development
Wednesday, 20 February 2019 07:44

Tribal investment firm acquires majority stake in SE Michigan manufacturer

DOWAGIAC — The non-gaming arm of the Pokagon Band of Potawatomi Indians had acquired a majority stake in Enmark Tool & Gage Co., a Southeast Michigan precision machining company. The tribe’s Mno-Bmadsen business investment arm closed on the deal on Feb. 1, according to a statement.

Published in Manufacturing


Sunday, 28 October 2018 15:00

MiBiz Growth Report: Oct. 29, 2018

Here is the MiBiz Growth Report for Oct. 29, 2018.

Published in Finance
Thursday, 25 October 2018 11:02

Tribal-owned architecture firm to expand Kalamazoo headquarters

A tribal-owned architecture and engineering firm in Southwest Michigan plans to relocate its headquarters to a new Kalamazoo commercial development.

Published in Finance
Saturday, 18 March 2017 05:30

EXPLORING THE TRIBAL ADVANTAGE: How non-tribal companies can benefit from working with West Michigan tribes

Because Native American tribes are sovereign nations, they’re tax-exempt and have their own statutes and regulations, although they must follow federal law. Tribally owned firms also are exempt from state and federal income taxes.

Published in Economic Development

Saturday, 18 March 2017 05:30

OPEN FOR BUSINESS: Tribes invest in economic diversification via M&A, real estate deals

Across West Michigan, Native American tribes have started to hang out their own shingle in enterprises that move them away from the familiar tribal-owned casino.

Published in Economic Development
Sunday, 06 March 2016 13:53

MiBiz Growth Report: March 7, 2016

Here is the MiBiz Growth Report for March 7, 2016.

Published in Economic Development