Continued, renewed or expanded support by individual tribes for the multi-tribal organizations and associations previously referenced. Increased efforts to make inter-tribal purchases, whether tax- advantaged or not, and support Indian-owned businesses. SUPPLY CHAIN DIVERSIFICATION Continued review of all vendor sourcing across all tribal businesses to identify and develop additional reliable and high-quality sources. Encouragement of, investment in and directed purchasing from existing and new AIAN-owned suppliers. Reevaluation of customers and product/service lines to identify opportunities for additional direct or spinoff/leveraged markets, including increased tribe-to-tribe selling. Lobbying and pursuit of government grants, loan programs and other incentive programs to support new, expanded or diversified production and distribution. Active discussions at the association level and tribe-to-tribe of networks and consortiums to aid supply chain diversification. Strategic planning and investment with a focus on longer return cycle development to allow new diversifying business ventures time to establish their markets. Further exploration of tax advantages and other regulatory benefits of tribal development and tribe-to-tribe transactions, as well as tribe to non-tribal sources, to market and support new diversification efforts. FINANCING & WORKOUTS Continuation of business level and tribal level strategic planning for recovery and future long-term operating models. On-going communication with existing and past lenders to establish dialogue about needs, limitations, expectations and opportunities. Project, loan or venture specific evaluation of pre-pandemic, pandemic and likely post-pandemic operating results given available information and current plans, including range and alternative estimates. Active discussions at the association level and tribe-to-tribe of alternative capital sources, workout strategies and best practices. Continued lobbying of government support for reparative, restorative and generative initiatives.
∴ PRESCRIPTION SUMMARY
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