"Life on the Oneida Nation Reservation has changed drastically during the past 25 years. Most would agree that the changes have been good and that much of them are because of Oneida gaming operations. That's true, but there are other forces at work that are contributing to the tribe's wealth, its quality of life and its long-sought mission of preparing for the next seven generations � a long-held tribe philosophy.
One of the forces is Oneida Seven Generations Corp., a business most people know little about. It is a tribally chartered, tribally owned corporation to promote and enhance business and economic diversification in two ways:
# Act as a holding company for real estate assets and businesses.
# Manage related assets.
In accomplishing these missions, the corporation is developing long-term income streams for the corporate shareholders who are the Oneida tribal members. And, as a true corporate entity, Seven Generations pays all government taxes, just as any other corporation. "
Get the Story:
Brenda Mendolla-Buckley: Other Oneida businesses boost tribe's economy
(The Green Bay Press-Gazette 8/7)
Column: Oneida Nation diversifies economy
Tuesday, August 8, 2006
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