Tribal Business News Round-Up: Dec. 05
- By Native News Online Staff
Native-owned fintech Totem raises $2.2M in pre-seed capital, eyes spring 2023 launch
Native-founded and -led fintech startup Totem Technologies Inc. plans to use the proceeds from its $2.2 million pre-seed round to continue developing its technology and building out its staff. Founded this year by CEO Amber Buker (Choctaw), the company is creating a digital banking app to serve the needs of Native communities and partner with tribal governments to help them distribute benefits to their members.
Osage Nation enterprise prepares for upcoming drone flight corridor
A $39 million investment for the Indian Nation Council of Governments bore its first fruit in early December by way of a partnership between the Osage Nation and Oklahoma City-based DronePort Network.
A developer of business and financial strategies for the aeronautics industry, DronePort will manage a planned 114-mile flight corridor between Oklahoma State University, Osage Nation, and Tulsa facilities.
‘Digital redlining’ inhibits tribal broadband development
A new report from the Communications Equity and Diversity Council of the Federal Communication Commission outlines the problem in detail, calling it “digital discrimination” or “digital redlining” and pointing to under-investment in typically marginalized communities on the part of larger broadband providers.
Digital redlining has created large gaps in access to broadband, which also limits access to industries and economic opportunities dependent on consistent, effective internet, according to the report.
Tribal Business News Briefs
As well, the DOI announced $50M to clean up orphaned oil and gas wells on tribal lands, and Mashantucket Pequot-owned Command Holdings announces its first federal contract through a new subsidiary.
More Stories Like ThisCommittee on Indian Affairs to Host Astronaut Nicole Mann, 1st Native Woman in Space, on LIVE Video Call
Native American House Members Committee Assignments Announced
Native News Weekly (February 5, 2023): D.C. Briefs
Day of Solidarity with Leonard Peltier Set for Monday, Feb. 6th
Sen. Markwayne Mullin (Cherokee) Appointed to Senate Committee on Indian Affairs
12 years of Native News
This month, we celebrate our 12th year of delivering Native News to readers throughout Indian Country and beyond. For the past dozen years, we’ve covered the most important news stories that are usually overlooked by other media. From the protests at Standing Rock and the rise of the American Indian Movement (AIM), to the ongoing epidemic of Murdered and Missing Indigenous People (MMIP) and the past-due reckoning related to assimilation, cultural genocide and Indian Boarding Schools.
Our news is free for everyone to read, but it is not free to produce. That’s why we’re asking you to make a donation this month to help support our efforts. Any contribution — big or small — helps. If you’re in a position to do so, we ask you to consider making a recurring donation of $12 per month to help us remain a force for change in Indian Country and to tell the stories that are so often ignored, erased or overlooked.
Donate to Native News Online today and support independent Indigenous journalism. Thank you.