The Northwoods Forum also recently brought together regional business leaders to discuss strategy and best practices for economic growth. Perfect timing, considering the momentum building for capital gains tax incentives following our Opportunity Zone Summit in Lac du Flambeau.
LDF Business Development Corporation COO Randy Soulier clarified some misperceptions of working with the Tribe. And he discussed other indicators that the reservation is open for business. Some key points of his presentation:
• One of the most important points—and one of the biggest misperceptions—you do not have to be a Tribal Member to operate a business on the reservation. Nor do you need to be a Tribal Member to work within Tribal Enterprise businesses. When it comes to business development, we seek mutually beneficial relationships and opportunities. When it comes to recruiting and retaining talent, we want the best and the brightest. And, we want those who are willing to learn and build their skillsets to grow with us.
• LDF Business Development Corporation, the non-gaming business development arm of the Tribe, exists to diversify revenue and create jobs. Improving the region’s economic future requires collaboration on areas of mutual concern. Relationships and partnerships will provide the foundation for a sustainable future.
• Land within the Lac du Flambeau reservation is available for development and redevelopment. Steps have been taken to simplify land use for projects that align under a shared vision.
• Investments in a new retail center in the heart of Lac du Flambeau improves amenities downtown. A Workforce Training & Business Development Center in the LDF business park indicate a commitment to providing training and development resources benefitting the region.
Northwoods Forum attendees heard about the regional business, economic and social benefits of the planned Workforce Training & Business Development Center. They heard about the market analysis that drove the decision to build it and the latest design, financing and construction schedule of this infrastructure investment.
Without question, the Workforce Training & Business Development Center anchoring the Lac du Flambeau Business Park will give our region the ability to train the unemployed and underemployed for high-demand, high-wage positions. With such a facility, we believe new businesses will find it more attractive to relocate, and existing businesses to expand, near a facility focused on bridging the talent gap that currently exists.
The 75-acre Lac du Flambeau Business Park is one of many positive indicators Lac du Flambeau is open for business. Building the infrastructure and amenities is just one sign of our commitment to do our part in improving the region’s economic strength.
Darold Londo is CEO of LDF Business Development Corporation (LDFBDC.com). An LUHS graduate, he earneddegrees from the U.S. Military Academy at West Point, Rensselaer Polytechnic Institute (MBA) in Troy, N.Y., and UW Law School.