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Board of Governors of the Federal Reserve System
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Press Release

Federal Reserve Press Release

Release Date: April 26, 2012

For immediate release

The Federal Reserve Board, along with the Federal Reserve Bank of Minneapolis and the Federal Reserve Bank of San Francisco, will sponsor a nationwide conference next week to explore ways to encourage economic growth in Native American communities.

"Growing Economies in Indian Country: A National Summit," will be held May 1 in Washington, D.C. The summit is an outgrowth of a series of forums organized in partnership with the Interagency Working Group for Indian Affairs' Committee on Economic Development, a group of federal agency representatives who work with tribal governments.

Even as the national economy shows signs of improvement, communities in rural areas of the United States--particularly on tribal lands--still face considerable obstacles in attracting investment, accessing financial services, and supporting entrepreneurship. The summit will provide a venue for tribal leaders, policymakers, financial industry professionals, and community development service providers to discuss:

  • challenges to economic development in Indian country
  • opportunities to strengthen Tribal enterprise development
  • opportunities to expand Native American entrepreneurship and access to small business capital
  • opportunities to strengthen governance and legal structures

For more information, visit the conference website at: www.federalreserve.gov/newsevents/conferences/growing-economies-indian-country.htm. Live online video will be available at 9:15 a.m. EDT on May 1 at: www.ustream.tv/federalreserve.

For media inquiries, call 202-452-2955.

 
Last update: April 26, 2012