Insights
Navigating Tribal Partnerships in a New Era of Opportunity
Insights
Navigating Tribal Partnerships in a New Era of Opportunity
Since 2020, Tribes have seen a surge in funding opportunities and increased visibility on the national stage. With greater Native American representation in government, media, and beyond, Tribes are no longer as invisible as they once were. This newfound attention brings both opportunities and risks, especially when it comes to forming strategic partnerships.
The Double-Edged Sword of Visibility
Greater visibility means more opportunities, but it also attracts both genuine allies and opportunistic actors. We’ve all seen or lived the stories of Tribes being taken advantage of in bad deals, leading to financial losses or diminished control over their assets.
However, with the right partners, Tribes can achieve far more than they could alone, accessing new resources, expertise, and business ventures that enhance their sovereignty and support their growth.
The Importance of Choosing Wisely
The right partnerships can drive economic growth and enhance tribal sovereignty. But how do you ensure you’re aligning with partners who share your values and respect your goals? It all comes down to due diligence and strategic decision-making.
Two Ways Native Advisory Can Help
While some Tribes may manage this process internally, Native Advisory offers two key services to support your partnership efforts:
Vetted Resources: We begin by understanding your specific needs and then connect you with pre-vetted corporate resources that align with your goals. This ensures you’re engaging with partners who have been thoroughly evaluated for their integrity and capability to follow through.
Verification and Negotiation: If you’re already exploring potential partnerships, we can help verify and negotiate these deals, ensuring you get the best terms possible. Our deep experience in finance and broad network allows us to help you protect your interests and maximize the outcomes and benefits.
Moving Forward with Confidence
The opportunities available to Tribes today are vast, but so are the challenges. By approaching partnerships with a strategic mindset, conducting thorough due diligence, and leveraging the expertise of trusted advisors, Tribes can move forward with greater confidence and avoid pitfalls. The goal is not just to avoid bad deals, but to actively seek out and secure partnerships that will drive lasting success.