Indianz.Com > News > Chuck Hoskin: Cherokee Nation unleashes potential of small businesses

Unleashing the potential of Cherokee small business
Monday, November 25, 2024
Cherokee Nation
When I think of our Cherokee Nation’s future, I often speak about unleashing the potential of Cherokee families.
My administration’s work and the incredible strides of my predecessors all focused on a foundation for future prosperity. This foundation is built on access to health care, food security, educational attainment and cultural preservation, just to name a few of the Nation’s longtime priorities.
All these efforts point toward a future when strong, growing Cherokee families have every opportunity to choose their path forward or blaze their own trail. That’s the future our ancestors dreamed of and one that we glimpse more and more of each day.
We recently announced a historic agreement between Cherokee Nation and the U.S. Department of the Treasury, which has awarded $86 million in federal funding dedicated to lending for Cherokee-owned small businesses. This program enhances access to financial capital for entrepreneurs and encourages private investments in small businesses by offering loans up to $5 million, in participation with banks.

Chuck Hoskin Jr.
is the 18th elected Principal Chief of the Cherokee Nation, the largest Indian
tribe in the United States. He is only the second elected Principal Chief of the
Cherokee Nation from Vinita, the first being Thomas Buffington, who served from
1899-1903. Prior to being elected Principal Chief, Hoskin served as the tribe’s
Secretary of State. He also formerly served as a member of the Council of the
Cherokee Nation, representing District 11 for six years.
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