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Lack of Financing a Major Woe for Businesses on Indian Reservations. (Originated from The Phoenix Gazette)
Knight Ridder/Tribune Business News, September, 1993 by Barnes, Julian E.
Sep. 8--Isolation and poverty, a dearth of role models and a lack of financing make establishing successful businesses a difficult proposition on reservations.
Examples of successful businesses are increasing, but the barriers remain, according to most Native American business advocates.
Reservations' chronic poverty creates social problems and equity gaps that hurt business development.
Education gaps, alcoholism, lack of housing and basic amenities and other problems wear on work forces, and without reliable workers business will fail.
Restrictive government trade policies all but killed independent Native American businesses by the begining of this century. The Indian Trade Intercourse Act prevented all but government-licensed traders from...
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