social entrepreneurship initiative (sei) presentation national indian gaming association wednesday,...
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SOCIAL ENTREPRENEURSHIP INITIATIVE (SEI)
PRESENTATIONNATIONAL INDIAN GAMING ASSOCIATION
WEDNESDAY, MAY 14, 2014•Presenters
• Gary E. George, CEO, Wildhorse Resort & Casino
Confederated Tribes of Umatilla, Oregon• Lakota Mowrer, Assistant Director, Four
BandsCommunity Fund, Cheyenne River Sioux,
South Dakota
SEI AGENDA
•Historical Framework
•Indian Gaming
•Development of a Social Entrepreneurship Framework
• Application of the Social Entrepreneurship Framework
•Questions & Comments
INDIAN GAMING
•237 out of 558 Federally Recognized Tribes •28 States•442 Tribally Owned Casinos
Helping Indian Nations recover from centuries of Economic and Social Neglect (Source NIGA)
Majority of Gaming Tribes are not “Rolling in the Dough.”
Proximity to Population Centers, approximately 25 Tribal Gaming Operation generate 56% of the total portion of Indian Gaming Revenue ($27.2 Billion industry)
NIGA
•NIGA established the American Indian Business Network to strengthen Tribally owned businesses and Indian Entrepreneurs!
•“Ultimately the American Indian Business Network (AIBN) is about empowering Native – Owned businesses.”
TO HAVE LASTING AND SIGNIFICANT CHANGE•Create Sustainable Communities by Developing Core Infrastructure
Stable Government Health Education Employment
• The Problem…• Better Community Services require
sustainable Revenue.
SEI MODEL•Share our model to effect positive change in Indian Country.
•Created a Hybrid Tribal Model – not Government , not for-profit or non profit, but contains elements of all three.
• Acknowledge Tribal Differences, but all Tribes cope with challenges
Self Governance Protection of Sovereignty Unique Resources Tremendous Value
SEI MODEL• Increase Capacity of Tribes •Provide a Planning Tool to improve Community Infrastructure
•Guiding Principles and Values•A Pathway to rebuilding our sustainable communities!
THE SOCIAL ENTREPRENEURSHIP INITIATIVE
2011-2013
MAIN COMPONENTS OF THE INITIATIVE
WHO: WHAT:9 Native organizations chosen Organizational capacityto form a learning and support and pilot projectsimprovement cohortplus 1 intermediary.
WHERE: 8 meetings across the NWAF Footprint:*Minnesota, Iowa, North Dakota, South Dakota, Montana, Idaho, Washington, and Oregon
GOALS OF THE SOCIAL ENTREPRENEURSHIP INITIATIVE
1) Increase the knowledge, capacity, and leadership development
2) To strengthen existing and new relationships
3) Increase knowledge of social entrepreneurship programs
WHAT IS SOCIAL ENTREPRENEURSHIP?
“A for-profit or non-profit venture that uses the fundamentals of a business model to help solve a social problem in the world.”
DOES SOCIAL ENTREPRENEURSHIP OCCUR IN INDIAN COUNTRY?
WE ARE SOCIAL ENTREPRENEURS!
• Traditional belief system – repackaging a time honored concept
• Increasing the number of people who have the opportunity to contribute their talents to the world
• Think boldly, act locally, and scale globally
WE ARE
• REBUILDING OUR SYSTEMS AND NATIONS!!
DEVELOPM
ENT OF
SOCIAL
ENTREPR
ENEURSHIP
FRAMEW
ORK FOR IN
DIAN
COUNTRY
FRAMING THE CONVERSATION
YESTERDAY, TODAY & TOMORROW: impact that will last through seven generations
SELF-REPLICABLE & VIRAL: demonstrate the path toward ensuring greater self-sufficiency
REALISTIC & ADAPTABLE: tap into and unleash the true potential in our people
SYNERGISTIC & INNOVATIVE: leverage synergies across our communities to create
the greatest impact
The importance of shared principles:
• Unifies our thinking.
• Shapes our decisions.
• Helps to frame and communicate our purpose.
1 3 2 4What are the principles we
will use to guide Social
Entrepreneurship?
What set of tools will be developed?
What impacts will be achieved?
How will we organize to achieve our
intended impacts?
Our Guiding Principles
• YESTERDAY, TODAY & TOMORROW
• SYNERGISTIC & INNOVATIVE
• REALISTIC & ADAPTABLE
• SELF-REPLICABLE & VIRAL
How impacts will be
delivered
• Tools developed
How impacts are measured
EMPLOYMENT
EDUCATION
SECURITY
CIVIC ENGAGEMENT
What will be focused on over
the next six months:
1. 2.
SOCIAL ENTREPRENEURSHIP FRAMEWORK
APPLIC
ATIO
N OF
THE
FRAMEW
ORK
F OU
R B
AN
DS
CO
MM
UN
I TY
FU
ND
FOUR BANDS COMMUNITY FUND: WHO WE ARE
• Native Community Development Financial Institution (CDFI) incorporated in 2000 and became certified by US Treasury CDFI Fund in 2002
• Serve the Cheyenne River Sioux Indian Reservation in North-central South Dakota
• Serving Native Entrepreneurs in other persistent poverty counties in SD through partnerships
WHO WE SERVE
• 62% of the households are below the poverty level
• 45% of the population is below the age of 18
• Few have educations beyond high school
• Easy targets for predatory lenders –avg credit score 100 points lower than national average
• Little expertise with banks or money management
• Economic dependence vs. independence
CURRENT MODEL FOR SOCIAL CHANGEType of Funding
Government
$$$
Philanthropic$$$
Apply to Social ProblemsArts &
CultureSocial
WelfareHealthcare Education
Impact
Impact
Impact
Impact
1 3 2 4What are the principles we
will use to guide Social
Entrepreneurship?
What set of tools will be developed?
What impacts will be achieved?
How will we organize to achieve our
intended impacts?
Our Guiding Principles
• YESTERDAY, TODAY & TOMORROW
• SYNERGISTIC & INNOVATIVE
• REALISTIC & ADAPTABLE
• SELF-REPLICABLE & VIRAL
How impacts will be
delivered
• Equity Bundles
How impacts are measured
EMPLOYMENTIncrease in number of livable wage jobs on Reservation
EDUCATIONIncrease in financial capability of our reservation families
CIVIC ENGAGEMENTOutflow of consumer will decrease due to availability of new goods and services.
What will be focused on over
the next six months:
1. Seek Investment 2. Recruit, Assess, and Select participating native entrepreneurs3. Provide loan capital, TA, and equity bundle
FOUR BANDS BAU TO WOW FRAMEWORK
IMPROVED SELF-SUSTAINING MODEL
Access to capital
Provide loans and
equity bundles
Start a business on
the rez
New goods and services
offered
Payment on loan returns to revolving
loan fund
Money available for re-lending and ops.
Social Need
Action
Direct Result
Benefit
Opportunity
Sustained Value
TRANSFORMING OUR ECONOMIC LANDSCAPE• Increased our loan deployment from
$800,000 in 2012 to $1.8 million in 2013
• Increased job creation from 42 in 2012 to 70 in 2013
• Clients experienced a 68 point increase in their credit score in 6 months!
• For every dollar invested by a funder, Four Bands and the entrepreneur leverage $15!
NEXT STEPS
• Approach Native CDFI Network and be placed on their Board Agenda and propose the creation of a social entrepreneurship committee
• Approach National Indian Gaming Association for socially responsible investing opportunities and to purchase from native vendors.
• Approach academic institutions, such as Washington University in St. Louis’s Center for Social Development, to develop technical assistance component
1 3 2 4What are the principles we
will use to guide Social
Entrepreneurship?
What set of tools will be developed?
What impacts will be achieved?
How will we organize to achieve our
intended impacts?
Our Guiding Principles
• YESTERDAY, TODAY & TOMORROW
• SYNERGISTIC & INNOVATIVE
• REALISTIC & ADAPTABLE
• SELF-REPLICABLE & VIRAL
How impacts will be
delivered
How impacts are measured
What will be focused on over
the next six months:
1. 2. 3.4.5.
SOCIAL ENTREPRENEURSHIP FRAMEWORK
QUESTIONS & COMMENTS
Lakota Mowrer
Assistant Director
Four Bands Community Fund
www.fourbands.org
Gary George
CEO
Wildhorse Resort & Casino
www.wildhorseresort.com