From Start-up to Success: How Potawatomi Business Development Corporation Supports Indigenous Business Owners

From Start-up to Success: How Potawatomi Business Development Corporation Supports Indigenous Business Owners

Starting a business is a challenging and overwhelming task for anyone, let alone for Indigenous business owners who may have to overcome a host of cultural, linguistic, and financial barriers. However, with the help of Potawatomi Business Development Corporation (PBDC), many Indigenous entrepreneurs have been able to turn their start-up dreams into successful businesses.

Founded in 1999, PBDC is the economic division of the Forest County Potawatomi Community, and its mission is to drive economic growth and create jobs for all people. PBDC offers various services that support Indigenous businesses in their various stages, from start-up to expansion. Its services include business planning, access to capital, marketing, human resources, and technical assistance.

One of PBDC’s primary functions is to provide funding and financial support for Indigenous businesses. PBDC has a range of loan programs designed to meet the unique needs of Indigenous entrepreneurs. Their loan programs vary in size, interest rate, and collateral requirements, but they are all designed to empower Indigenous entrepreneurs to reach their full potential. PBDC also offers microloans up to $50,000, which have been a lifeline for many Indigenous start-ups.

In addition to funding, PBDC offers coaching, mentoring, and technical assistance to Indigenous entrepreneurs. PBDC’s business experts have extensive experience in the areas of finance, marketing, operations, and human resources. They provide one-on-one coaching and support to Indigenous entrepreneurs who are starting or expanding their businesses.

Furthermore, PBDC assists Indigenous entrepreneurs in connecting with other businesses and resources that can help them succeed. PBDC frequently organizes networking events, workshops, and conferences that bring together Indigenous business owners, investors, suppliers, and customers.

PBDC also plays a vital role in developing Indigenous industries by investing in sectors such as renewable energy, healthcare, tourism, and real estate. PBDC has developed several successful businesses, including the Potawatomi Hotel and Casino in Milwaukee, which generates over $300 million in annual revenue and provides thousands of jobs to individuals.

In conclusion, PBDC has been a beacon of hope and support for Indigenous entrepreneurs who face various challenges when starting and growing their businesses. PBDC has not only provided financial support but also coaching, mentoring, networking, and industry development support to Indigenous entrepreneurs. As a result, many Indigenous businesses have emerged from start-up to success, creating jobs and contributing to economic growth. PBDC’s commitment to empowering Indigenous entrepreneurs is commendable, and their impact on Indigenous communities is invaluable.