Displaying items tagged: MnoBmadsen
3 Michigan tribal economic development entities form ‘historic’ construction joint venture
A trio of non-gaming tribal economic development entities has formed a rare real estate development, construction and property management joint venture that’s considered the first of its kind in the Midwest.
Gun Lake Tribe kicks off planning to develop 2.75-mile stretch of U.S. 131 frontage
WAYLAND TWP. — The Match-E-Be-Nash-She-Wish Band of Pottawatomi Indians, or Gun Lake Tribe, plans to transform hundreds of acres of property north of Gun Lake Casino into a massive development that could include retail, health care, housing and manufacturing, MiBiz has learned.
‘Opportunities are unbelievable’: Summit highlights economic development in tribal communities
GRAND RAPIDS — Tribal leaders gathered Thursday in Grand Rapids to share the “unbelievable” amount of opportunities to diversify revenue streams and launch new investments for the benefit of tribal citizens.
MiBiz Growth Report: May 23, 2022
Here is the MiBiz Growth report for May 23, 2022:
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
MiBiz Growth Report: Oct. 29, 2018
Here is the MiBiz Growth Report for Oct. 29, 2018.
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.
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.
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.
MiBiz Growth Report: March 7, 2016
Here is the MiBiz Growth Report for March 7, 2016.