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New Venture Fund for Native Americans |
Native American-owned businesses, especially those focused on government contracts, have been prospering in recent years. A newly created venture fund hopes to further fuel this boom and make some money in the process. Native American Capital is a newly created venture fund that plans to target investment toward Native American enterprises operating in traditional markets such as government contractors, gaming businesses, and firms providing health care on reservations. The firm, which hopes to raise $50 million in capital, is targeting early stage ventures seeking investments in the range of $1 to $3 million. While the fund is just getting started, it could, if successful, become the first equity fund focused exclusively on business opportunities in Indian country.
URL To Full Article :
http://www.publicforuminstitute.org/nde/news/2005/enews-05-11-21.htm
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