Crow Tribe signs economic compact to increase financing options
| February 7, 2008 |  View for printing |
Leaders from the Crow Tribe http://www.crowtribe.com/ , the state of Montana and the federal government gathered in the U.S. Capitol on Wednesday for the signing of a first-of-its-kind compact that will aid economic development on the Crow Reservation.
The agreement addresses the lack of legal framework that had kept many on the reservation from borrowing money and getting the financing they needed for all kinds of investments. The compact makes it easier for banks to file secured loans on the reservation, which will lead to a greater flow of capital to the Crow community.
By NOELLE STRAUB Gazette Washington Bureau
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