News & Insights
We are thrilled to partner with Waséyabek Development Company on a new investment. The new opportunity, Zip Xpress / Green Transportation is an important reflection of our Tribal values and will continue to offer economic benefits for years to come. Zip Xpress & Green Transportation Media ReleaseDownload
Today, the Board of Directors of Gun Lake Investments (GLI) has accepted the resignation of CEO Kurtis Trevan. Kurtis was an integral part of GLI’s growth of the last six years. We wish Kurtis well in his future endeavors and thank him for his service. As we start the process for his replacement, the Board has engaged DWH’s Monica King to be interim CEO. Monica is a very experienced and dedicated professional that is no stranger to GLI. She has led the Board through a thorough and exciting strategic plan, as well as served as a contracted COO. As we move forward to our next phase, the Board would like to thank the amazing GLI employees, two of which are Gun Lake Tribal Citizens and Tribal Council, who put their faith in us. As to our business partners, we assure you we will continue to honor and strengthen our relationships
We are proud to be featured in the latest New York Times article regarding Native American Tribes and our efforts to build and grow our communities. Featuring our investment in McKay Tower with Waséyabek Development Company, the investment arm of the Nottawaseppi Huron Band, this article expands on how tribal nations are creating more opportunities in our Native communities through strategic real estate investments.
MiBiz Deals and Dealmakers of the Year is awarded to two Tribes that leverage similar investment philosophies in the McKay Tower transaction.
The seeds for the joint purchase of the iconic McKay Tower building in downtown Grand Rapids took root years ago when the CEOs at Waséyabek Development Co. LLC and Gun Lake Investments started talking about doing deals together.
Dennis Archer Jr., one of the partners in the Rivertown Market project, said in late July that construction for the 42,000-square-foot grocery store was expected to be completed by fall 2021.
“As soon as we asked to access their database of other Michigan minority-owned companies, they kicked us out from being a corporate member. When I contacted them to just help through what I thought was an obvious misunderstanding, they had explained that it was not a misunderstanding: Minority-owned companies cannot be corporate members,” Trevan said. As such, Trevan said he is left wrestling with the “circular exclusion” on the part of the MMSDC. “We are not permitted to be a corporate sponsor because in MMSDC’s judgment, we are minority owned, but MMSDC will not certify us as minority owned,” he said, adding “there’s just artificial or arbitrary obstacles that are being created for us to continue to help us promote our own values and access other diverse companies.”
Media Release-Grand Rapids, Mich. (July 8, 2020) – Non-gaming business entities from nine federally-recognized Michigan tribes presented Governor Gretchen Whitmer’s office and the Michigan Economic Development Corporation with an economic impact study this week demonstrating that 38 non-gaming business entities, owned and managed by tribes in Michigan, generated a statewide economic impact of $288,756,091 in 2019.
The overall economic activity of non-gaming tribal business entities (TBE) within the state has a significant economic impact on their local economies as well as that of the State of Michigan.
A federal contracting firm owned by Waséyabek Development Co. LLC has begun work on a five-year, $161 million contract with the Department of Energy to provide site operations and support services at three National Energy Technology Laboratory locations.
All 12 of the federally recognized Tribes in Michigan own and operate casinos, all of which are currently shuttered due to the global COVID-19 pandemic. The casinos operated by Michigan Tribes support services for Tribal members, and void of gaming revenues, Tribal service budgets are in trouble.
Over the last two weeks, MiBiz spoke with owners and executives in a variety of industries. No matter what sector they work in, they all pretty much experienced the same rollercoaster of emotions.
Casinos did a lot more for Native American tribes than bring in cash: They sparked tribes’ interest in economic development and long-term business ventures.
Tribally owned Gun Lake Investments and Waséyabek Development Co. have jointly acquired McKay Tower in downtown Grand Rapids.
This is a tremendous opportunity for Chi-Ishobak. This is the largest grant we have received from the NACA program, and will help us provide tremendous opportunity to our tribal citizens – both personally, and for those wanting to start or are in business.
2019 was an exciting year for GLI. This year we added diversification throughout our portfolio, engaged in community enriching philanthropic endeavors, as well as developed and grew our team and partners. We can't wait to see what 2020 brings! 2019-ReviewDownload
Senator Jeff Irwin, D-Ann Arbor, introduced Senate Bill 568 on Oct. 8 to replace Columbus Day with Indigenous Peoples’ Day in Michigan
Gun Lake Tribe members and non-members alike delicately placed roughly 240 palm-sized young lake sturgeon (Nmé in Pottawatomi) into the Kalamazoo River from the New Richmond Bridge County Park boat ramp on Aug. 28. The Tribe hosts an annual release of the threatened species as an ongoing rehabilitation effort that started in 2009
Gun Lake Investments made an equity investment in the retail portion of Rockford Construction’s Stockbridge development. The project will pave the way for a Meijer gas station and convenience store, plus five other ground-floor retail spaces along Stocking Avenue, said Gun Lake Investments CEO Kurtis Trevan.
The Gun Lake Band was picked as this year's winner for several conservation efforts in the Great Lakes region. They include re-establishing a habitat for wild rice and reviving the lake sturgeon population in the Kalamazoo and Grand Rapids rivers.
West Michigan Tribal businesses, including Gun Lake Investments, have quickly established themselves as strategic partners for the local business community. GLI CEO Kurtis Trevan explains.
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.
Gun Lake Investment’s first investment — launching the $4.4 million Noonday Market, a convenience store and fast-food restaurant near Gun Lake Casino and U.S. 131 — builds off synergies with the gaming operation.
The Match-E-Be-Nash-She-Wish Band of Pottawatomi Indians and Gun Lake Investments held a ceremonial grand opening to celebrate the opening of Noonday, its first-ever non-gaming economic development project.