UW Names Colville Tribal Federal Corp. Minority Business of the Year

Indian Country Today

The tribal business for the Confederated Tribes of the Colville Reservation in North Central Washington–the Colville Tribal Federal Corp., or CTFC–recently won the 2013 William D. Bradford Minority Business of the Year Award. It’s the granddaddy of seven awards given annually by the University of Washington’s Foster School of Business that recognizes a company “that has demonstrated success in areas of revenue, size, superior management practices and commitment to the community.”

According to tribal member Joe Pakootas, the tribe’s 25th CEO in 29 years, CTFC generated $86 million in revenue in 2013, up from $49 million in 2010, by cutting costs, eliminating wasteful spending and most significantly, restructuring the business (formerly Colville Tribal Enterprise Corp.) as a federally chartered corporation under the Indian Reorganization Act of 1934...

Resource Type

Armitage, Lynn. "UW Names Colville Tribal Federal Corp. Minority Business of the Year." Indian Country Today. January 15, 2014. Article. (https://ictnews.org/archive/uw-names-colville-tribal-federal-corp-minority-business-of-the-year, accessed June 4, 2024)

Related Resources


Guests Joan Timeche and Elsie Meeks examine the pivotal role that citizen entrepreneurs can play in a Native nation's overarching effort to achieve sustainable community and economic development. It looks at the many different ways that Native nation governments actively and passively hinder…

Business loans aim to boost Native American entrepreneurship

Even though the city of Bemidji is surrounded by three Indian reservations, there have been few Native American-owned businesses in town. Now, a Red Lake tribal member has opened a new restaurant. It's believed to be the first American Indian-owned restaurant in the city. Owner Marv Hanson tapped…

Tribal-citizen entrepreneurship: What does it mean for Indian Country, and how can tribes support it?

The following feature, a special to Community Dividend, is the condensed version of a speech Professor Cornell delivered at the Montana Indian Business Conference in Great Falls, Montana, on February 2, 2006. The conference, which was cosponsored by the Federal Reserve Bank of Minneapolis, focused…