Highlight – Sault Tribe, Inc. Disburses Millions to Sault Tribe for 2021
SAULT STE MARIE, July 20, 2021 – Sault Tribe Inc., the Sault Tribe’s federally-chartered business holdings company, disburses more than $3 million to the Sault Tribe of Chippewa Indians in a presentation attended by the board of directors from both organizations.
In total, $3,250,000 in surplus funds, generated from Sault Tribe Inc. subsidiaries and partnerships, was distributed to the Tribe. The funds come directly from operating revenue earned by newly formed Sault Tribe Inc. subsidiary businesses Chippewa Government Solutions, LLC, Ojibwe Hazardous Abatement, LLC, Hawkeye Facilities Maintenance, LLC, Sault Tribe Online Gaming, TC, as well as through mutiple land lease agreements with Lume Cannabis Company.
“This is just the start as we look forward to a wide array of robust opportunities moving forward for Sault Tribe Inc.” remarked Sault Tribe Inc. Corporate Board member, Scott LaVictor, during a presentation held in the Tamarack Business Center in downtown Sault Ste. Marie, Michigan.
The dividends from surplus funds, as defined by the Sault Tribe Inc. Charter, “shall be used to fund Tribal governmental services, programs, initiatives, liabilities, contingencies, or for other lawful purposes, as determined by the Tribal Board of Directors,” noted Sault Tribe EDC Executive Director, Joel Schultz. The funding represents a significant step forward for the Sault Tribe in fulfilling a long standing strategic objective to diversify its economic portfolio through the establishment of infrastructure that fosters business development and growth. In appreciation and gratitude for the generous contributions, the Sault Tribe Board of Directors offered reciprocating gifts of ash baskets and braids of sweet grass, showcasing the talents of native artisans, Josh and Sarah Homminga, of From Log to Basket.
Elaborating on future growth opportunities available to Sault Tribe Inc., later on in the presentation it was announced that Chippewa Government Solutions (CGS) had recently received confirmation from the U.S. Small Business Administration (SBA) regarding acceptance into the SBA’s 8(a) program. According to the SBA, the 8(a) program’s main objective is “to help provide a level playing field for small businesses owned by socially and economically disadvantaged people or entities.” This goal is accomplished though “the government limit[ing] competition for certain contracts to businesses that participate in the 8(a) Business Development program.
Upon approval, stemming from a rigorous application process, Chippewa Government Solutions represents the first Sault Tribe business entity to gain 8(a) certification, a journey more than a decade in the making. CGS will now be able to compete for set-aside and sole-source contracts in the program, get a Business Opportunity Specialist to help navigate federal contracting, and perhaps most significantly, form joint ventures with established businesses through the SBA’s Mentor-Protégé Program.
Since forming in January 2020, Chippewa Government Solutions has established itself as an award-wining provider in instructional design, training technology development, and filmed media production, offering clients a highly effective, cognitive-based, and engaging training experience that promotes increased comprehension and improved learner retention. Looking forward, Sault Tribe Inc. will focus on ramping up infrastructure to support CGS’ efforts through its ability to hire and train tribal members from across the U.S., utilizing a hybrid workforce model, in addition to leveraging relationships with Sault Tribe member business owners and leaders to form joint ventures on a variety of projects.
Looking for ways to get your business connected with the Sault Tribe? Contact Sault Tribe Thrive at email@example.com for more information.