The Cheyenne and Arapaho Tribes have announced the founding of a Cheyenne and Arapaho Business Development Corporation. It is intended to form new companies to generate economic growth and bring much-needed products and services to both tribal communities and other markets.
The Oklahoma-based, for-profit corporation will operate as a holding company for several subsidiary companies in various industries, including bison meat production and construction, serving consumers in-state and throughout the United States, the corporation wrote in a press release. It was founded to foster economic growth and connect the expertise of the Cheyenne and Arapaho people with the communities they serve.
“The purpose of the Business Development Corporation is to cultivate and provide highquality products and services to the people we serve as well as new economic opportunities for our Tribal communities,” said Ty Todd, CEO of the Cheyenne and Arapaho Business Development Corporation.
Currently, planned subsidiaries operating under the Cheyenne and Arapaho Business Dev. Corp. include Black Prairie Bison, a bison production company, and Hammerstone Construction, a commercial construction group.
“This company is investing in the long-term future of our tribes, the state of Oklahoma and our communities,” said Todd.
While the Cheyenne and Arapaho Business Development Corporation is not directly affiliated with the tribal government, most members of the leadership team and board of directors are tribal members.
For more information, please contact Sam Sims via email at sam@smirknewmedia.com or by phone at (405) 413-8616 or visit www.cabdc.org.