Thursday, December 17, 2020
The incoming Biden administration has signaled that it plans to prioritize Native economic development, which may continue the trend of increasing and streamlining opportunities for Native-owned businesses through regulation as well as high-level political support for legislative reform. On October 8, 2020, President-Elect Joe Biden released his plan for how his administration will work with Tribal Governments. While many of the elements of the plan are also part of Biden’s larger policy platforms, the Biden-Harris Plan for Tribal Nations contains several proposals that specifically encourage Native American economic development and efforts to invest in Native-owned small businesses.
Native-owned businesses particularly those owned by Tribes, Alaska Native Corporations (ANCs), and Native Hawaiian Organizations (NHOs) seeking to take advantage of economic opportunities presented by the new administration should take note of the following objec