Community Dividend

Fed releases report on economic development in Indian Country

Published July 1, 2012  |  July 2012 issue

The Board of Governors of the Federal Reserve System (Board) has published a new resource to inform economic development efforts in Native American communities. Growing Economies in Indian Country: Taking Stock of Progress and Partnerships is a summary report of findings from the 2011 Growing Economies in Indian Country workshop series, which was sponsored by the Federal Reserve Bank of Minneapolis, the Board, and multiple partner agencies. The six-part workshop series explored challenges, recommendations, and promising efforts for economic development in Indian Country. It culminated in an event titled Growing Economies in Indian Country: A National Summit, which was held on May 1, 2012, in Washington, D.C. (Video of the summit sessions is available at www.ustream.tv/recorded/22266186.)

The summary report contains a comprehensive catalog of the challenges affecting economic and business development in Native communities, followed by a list of recommendations for addressing the identified challenges. The recommendations are organized by stakeholder group (tribal governments, federal agencies, lenders, etc.) and include examples of specific initiatives, approaches, and best practices that are working in Indian Country. To download the report, visit www.minneapolisfed.org/indiancountry/#articles.

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