![]() | American Indian Business: Principles and Practices Subjects: Indian business enterprises -- United States; Indians of North America -- Economic conditions; Indians of North America -- Legal status laws etc.; Business; Tribal government -- United States; American Indian business is booming. The number of American Indian- and Alaska Native-owned businesses increased by 15.3 percent from 2007 to 2012--a time when the total number of US businesses increased by just 2 percent--and receipts grew from $34.4 million in 2002 to $8.8 billion in 2012. Despite this impressive growth, there is an absence of small businesses on reservations, and Native Americans own private businesses at the lowest rate per capita for any ethnic or racial group in the United States. Many Indigenous entrepreneurs face unique cultural and practical challenges in starting, locating, and operating a business, from a perceived lack of a culture of entrepreneurship and a suspicion of capitalism to the difficulty of borrowing start-up funds when real estate is held in trust and cannot be used as collateral. Deanna M. Kennedy (Cherokee) is assistant professor of business at the University of Washington-Bothell. Charles F. Harrington is professor of business and interdisciplinary studies at the University of South Carolina-Upstate. Amy Klemm Verbos (Pokagon Band of Potawatomi) is assistant professor of business law at the University of Wisconsin-Whitewater. Daniel Stewart (Spokane) is professor of entrepreneurship and director of the Hogan Entrepreneurial Leadership Program at Gonzaga University. Joseph Scott Gladstone (Blackfeet and Nez Perce) is assistant professor of management at the University of New Haven. Gavin Clarkson (Choctaw) is associate professor of finance at New Mexico State University. |
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