Month: November 2021

Keep up-to-date with what’s happening in the supply chain diversity space both nationally, regionally, and locally as well as get the latest NYNJMSDC news.

2021 Native American Heritage Month

November is Native American Heritage Month and we at the NY & NJ Minority Supplier Development Council celebrate and honor the diverse and rich cultures, histories, traditions, and contributions of our Native American communities. We proudly advocate for Native-American business owners and entrepreneurs throughout the year. We believe it is equally important to pay tribute to the sacrifices and achievements they continue to make toward our mission of diversity and inclusion during native American Heritage Month.

According to U.S. Census Bureau statistics, Native American-owned businesses contribute more than $33 billion to the U.S. economy every year and employ more than 200,000 people. These minority business enterprise industries range from financial institutions and charter schools, to construction and gaming.  Additionally, there are tens of thousands of Native-American solopreneurs who significantly impact our nation’s financial health and move our economy forward.

Despite these accomplishments, the number of Native American- and Alaska-owned businesses lags behind other ethnic- and white-owned businesses. In fact, according to the United States Census, of the more than 1 million businesses in the US with employees, only 2.4% are owned by Alaskans or Native Americans.

That’s where The Council and organizations like the SBA’s Office of Native American Resources come in. SBA business development programs, backed grant funding for both state and tribal administrations, microloans, and other tools and programs help Native Americans start and expand their businesses. The Council remains committed to providing the support, access to capital, and other technical assistance Native American and all minority-owned businesses need to thrive.

I invite you to join us in supporting Native-American-owned businesses. Diversify your supply chains and be sure to connect with our Council-certified Native-American MBEs.

Sincerely,

Terrence Clark

MBE Spotlight: Hanowah

Ha’no:wa:h, meaning “turtle”, is a representation of “Mother Earth”. The hard shell of the turtle represents perseverance and protection, and according to some Native American tribes, the turtle played a role in the “creation” story. Sam Campbell, majority owner of Hanowah, is part of the Cayuga Nation turtle clan.

After years in the construction industry, interfacing directly with oil, gas, and power generation as a safety professional, Sam shifted roles and began overseeing and operating a pallet manufacturing facility in upstate New York.

Once production had tripled rapidly and maintained positive, Sam was ready to create his own legacy and teamed up with a handful of experts from the pallet and packaging management industry to build Hanowah with the intention of giving customers a fresh look at their supply chain.

With capabilities to service all industries across the board, Hanowah is the premier choice for your packaging and procurement solutions.

MBE Spotlight: The Morongo Band & Tribal Capital Markets

Tribal Capital Markets, LLC is a full-service broker-dealer organized under the auspices of The Morongo Band of Mission Indians and is the largest Native American-owned broker-dealer in the United States.

Utilizing its $5MM-plus of regulatory capital, the firm offers underwriting, sales distribution, and trading services in structured finance, corporate and agency debt, equity capital raising, mortgage-backed securities, and municipal debt, as well as preferred equity shares, domestic equities, and options. Our firm additionally imparts investment banking advice for specifically targeted Life Science research organizations. Tribal Capital Markets provides corporations, municipalities, non-profits, Government Sponsored Enterprises, and individuals across the U.S. with our debt and capital raising expertise.

Operating under the direction and guidance of the Morongo Leadership Council, Managing Partners John Barry and Alan Mele lead a team of industry veterans with long histories of success. Our seasoned professionals average 20-plus years of extensive experience in varying disciplines. The management team and staff’s collective reputation for providing “value-added service” and integrity have been built on the firm’s ability to exceed client execution expectations within today’s complicated market construct.

Tribal Capital Markets, LLC conducts business throughout the United States and maintains offices in New Jersey, Florida, California, Colorado, Maryland, and Idaho.

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