Tribal businesses across the country are leveraging research at the Harvard Project on American Indian Economic Development to scale up investment strategies. GLI is called out as among the nation’s leaders in Tribal businesses, growing from one employee in 2017 to 500 today.
The findings of a recent economic impact study (EIS) commissioned by the Match-E-Be-Nash-She-Wish Band of Pottawatomi Indians revealed that the Tribe, Gun Lake Casino, and Gun Lake Investments added $1.5 billion dollars to the Michigan Economy since 2011.
Rosette LLP, a Tribally-owned law firm focused on non-gaming tribal business activity, recently relocated to downtown Grand Rapids. This move positions the firm closer to key clients, including rapidly-growing Gun Lake Investments.
GLI worked together with Comerica Bank to finance Blackford Capital’s acquisition of California-based designer and producer of audio/visual systems, Hall Research Technologies, LLC. The deal indicates the beginnings of a partnership between GLI and the Grand Rapids firm.
As part of the agreement, GLI will create a wholly-owned subsidiary that will receive 15 percent of the revenue sharing payment. The newly established entity, GLIMI, will use those funds to invest in non-gaming economic development initiatives within the State of Michigan.