Wakpamni Lake Community turns the corner
Part IV of a series | Part
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II | Part III
BATESLAND – Upon arriving at the Town Center built by the Wakpamni Lake Community Corporation, one cannot help but be impressed with what this small community has accomplished in spite of megalithic setbacks.
The Wakpamni District, with a population of approximately 5,000, is one of nine districts located on the Pine Ridge Indian Reservation in Southwest South Dakota. Each district elects its own officers and acts as an independent government entity, separate from the tribal government.
The Wakpamni District is located in the south central area of the reservation with a terrain of rolling hills and prairie grasslands. Much of the income produced is from farming, ranching and the cattle industry.
However this area of the country remains one of the poorest with a yearly per capita income of $10,148 (U.S. 2018 Census). The area is also sparsely populated (6.5 people per square mile) providing very few customers for businesses with little or no infrastructure to support industrial development.
So the Wakpamni Lake Community Corporation an arm of the Wakpamni District knew that in order to pull themselves out of poverty they would need to be innovative, reach outside the box.
So they tried their hand at Pay-Day lending which attracted nationwide customers, earning $5 per loan, but because of federal regulations they were shut down.
Then in 2014 they thought they had found the perfect economic development opportunity when they met a man named John Galanis.
According to Geneva Lone Hill, President of the Wakpamni Lake Community Corporation, in 2014 members of the WLCC had traveled to the Reservation Economic Summit (RES2014) in Las Vegas seeking economic opportunities where they met John Galanis.
So when WLCC entered into a partnership with what they believed were reputable representatives of Burnham Securities which was pitched as co-owned by Hunter Biden, the Vice-President’s son and others, they believed it was the answer to their hopes and dreams for a better tomorrow.
Give away and new Royalty crowned.
Posted by Wakpamni Lake Community Corporation on Sunday, November 17, 2019
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