2011 South Dakota Indian Business Conference Opening Remarks by Tanya Fiddler, Chair

5/17/ South Dakota Indian Business Alliance1 Background & History Established in 2007 Mission: To enhance Indian business development by leveraging partnerships and resources of diverse institutions and organizations. Quarterly Meetings & Conference Calls Policy Roundtables & Recommendations

5/17/ South Dakota Indian Business Alliance2 Our Leadership Executive Team Leadership Council Conference Planning Committee

5/17/ South Dakota Indian Business Alliance3 A Strategic Approach to Sustainability Developed by Susan Woodrow, Federal Reserve Bank of Minneapolis, in 2008 Model for Business Development in Indian Country

5/17/ South Dakota Indian Business Alliance4 Conference Supporters Wopila Tanka Northwest Area Foundation Citi Foundation Lakota Funds Federal Deposit Insurance Corporation Federal Reserve Bank of Minneapolis Pine Ridge Area Chamber of Commerce USDA Rural Development Four Bands Community Fund South Dakota Community Foundation South Dakota Rural Enterprise, Inc. First Interstate Bank Fredericks, Peebles, and Morgan, LLP Hunkpati Investments

5/17/ South Dakota Indian Business Alliance5 Our Purpose Build. –Reservation economic climates are conducive to private sector entrepreneurship development. Collaborate. –Bring together the experts to share successes in entrepreneurship development. Inform. –Let media and general public know of the positive realities in South Dakota’s reservation communities.

5/17/ South Dakota Indian Business Alliance6 The New Native America South Dakota’s reservation counties experienced significant growth, meeting or exceeding the state’s economic momentum index Native Community Development Financial Institutions exist or are emerging on 7 of the 9 South Dakota Reservations and in Rapid City 10% of economic development financing came from non-bank lenders in the past year

5/17/ South Dakota Indian Business Alliance7 Income, Employment, and Population Growth South Dakota Sources: South Dakota Department of Labor, US Census Bureau 2000, US Census Bureau American Community Survey 5-Year Estimate Mike McCurry, Ph.D., South Dakota State University

5/17/ South Dakota Indian Business Alliance8 Income, Employment, and Population Growth South Dakota Growth Sources: South Dakota Department of Labor, US Census Bureau 2000, US Census Bureau American Community Survey 5-Year Estimate Mike McCurry, Ph.D., South Dakota State University South Dakota Economic Momentum Index 13.13%

5/17/ South Dakota Indian Business Alliance9 Median Income by Reservation

5/17/ South Dakota Indian Business Alliance10 Median Income Growth Exceeds State Average Median income growth on reservations 40.07% Compare to 27.06% for overall South Dakota Average Reservation Median Income Growth Crow Creek95.18% Cheyenne River51.24% Pine Ridge49.70% Standing Rock38.15% Lower Brule32.32% Rosebud29.76% Yankton24.53% Lake Traverse24.22% Flandreau Santee15.55%

5/17/ South Dakota Indian Business Alliance11 Employment by Reservation

5/17/ South Dakota Indian Business Alliance12 Employment Growth Exceeds State Average Employment growth on reservations 10.63% Compare to 6.83% for overall South Dakota average Reservation Employment Growth Pine Ridge31.76% Cheyenne River20.29% Rosebud19.23% Lower Brule8.36% Lake Traverse7.10% Yankton6.22% Standing Rock6.21% Flandreau Santee2.36% Crow Creek-5.83%

5/17/ South Dakota Indian Business Alliance13 Economic Momentum Index for South Dakota Reservations Measures momentum of county relative to overall state % change in employment, population, and income for the area normed to the state’s average over time ReservationIndex Pine Ridge33.76 Crow Creek33.74 Cheyenne River24.15 Lower Brule19.85 Rosebud18.18 Yankton9.62 South Dakota13.13

5/17/ South Dakota Indian Business Alliance14 Who & What is Inspiring Our New Native America Partnerships –Native Entrepreneurs –CDFIs –Resources –Supporting Organizations

5/17/ South Dakota Indian Business Alliance15 The Native Entrepreneur Native entrepreneurship is expanding with support from Native CDFIs and other traditional lenders Microentrepreneurs are providing products and services locally, impacting Tribal revenues and quality of life Youth entrepreneurs are creating meaningful work and job opportunities that didn’t exist before

5/17/ South Dakota Indian Business Alliance16 CDFIs: Investing in Native Entrepreneurs $1,176,285 $5,487,864 $9,224,182 $2,511,738 $48,295

5/17/ South Dakota Indian Business Alliance17 More Work Lies Ahead An Entrepreneurial Parity Gap Remains –$126 billion gap in gross receipts for American Indian & Alaska Native businesses –Need an additional 147,000 American Indian & Alaska Native businesses to be comparable to average American population Average household median income still considerably lower than state and national averages

5/17/ South Dakota Indian Business Alliance18 Kim Trujillo Owner of Bow-K’s in Pine Ridge Provides sweet treats and floral arrangements Funding from Lakota Funds

5/17/ South Dakota Indian Business Alliance19 Lonny White Eyes 2010 Micro- Entrepreneur of the Year Prairie Dog Eradication Employs 3 employees during summer months Funding by Four Bands

5/17/ South Dakota Indian Business Alliance20 RJ Lawrence Lawrence Lawn Care IDA Saver State Business Plan Winner National Recognition

5/17/ South Dakota Indian Business Alliance21 Conference Overview Panels and Breakout Sessions designed around our business development model and policy recommendations. Coaching Corner Resource Track Visit our Exhibitors & Vendors