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Indian Affairs and Economic Development in Oklahoma: A Congressional Correspondence

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In Folder: Interior - Bureau of Indian Affairs - Seminole

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Indian Affairs and Economic Development in Oklahoma: A Congressional Correspondence

The Bureau of Indian Affairs received a letter from Congressman Tom Steed regarding the investment of tribal funds in Wewoka Plastics, Inc. The company is in need of working capital and the Bureau proposed a $20,000 investment from the tribe, with the community matching this amount. However, they also required certain measures to be taken, such as a moratorium on a local development company loan and an audit of company records. The Bureau expressed concerns about the company's profitability and urged for an independent audit before further investments. Congressman Steed and Commissioner Nash are working together to find alternatives to support the economy of the Seminole Tribe.

Catalogue Metadata

Title: Indian Affairs and Economic Development in Oklahoma: A Congressional Correspondence

Component Unique Identifier: CAC_CC_001_4_47_62_0003

Date - creation

Type: single

Begin: 1964-04-30

Scope and Content: The Bureau of Indian Affairs received a letter from Congressman Tom Steed regarding the investment of tribal funds in Wewoka Plastics, Inc. The company is in need of working capital and the Bureau proposed a $20,000 investment from the tribe, with the community matching this amount. However, they also required certain measures to be taken, such as a moratorium on a local development company loan and an audit of company records. The Bureau expressed concerns about the company's profitability and urged for an independent audit before further investments. Congressman Steed and Commissioner Nash are working together to find alternatives to support the economy of the Seminole Tribe.

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Portion: whole

Number: 8

Type: pages

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CAC_CC_001_4_47_62_0003

1714521600000

Carl Albert Congressional Research and Studies Center | University of Oklahoma https://www.ou.edu/carlalbertcenter