Santee Sioux form business holding company

Last week, the Santee Sioux Nation in northern Nebraska established Isanti LLC as a means to grow and expand its tribal-owned businesses. The company will be led by Maunka Morgan, who is the younger brother of Lance Morgan, leader of Ho-Chunk Inc., the Winnebago tribe’s economic development wing. According to Maunka, Isanti LLC is modeled after Ho-Chunk Inc., and it will eventually provide Santee with access to government contracting opportunities. This means that the tribe can receive dividends from business revenue as shareholders of Isanti LLC.

The move will result in tax revenue generated by the tribe’s businesses on the reservation and create new job opportunities within the community. Santee tribal chairman Alonzo Denney believes that chartering an LLC is a decision that aligns with their cultural history and ensures a prosperous future for their children and grandchildren. He stated, “The nation made a decision that is fluent in our cultural history, as thinking seven generations beyond us, for the future of our nation, our children and our children’s children.”

Isanti LLC is expected to manage Santee’s existing businesses, including Tatanka Golf Club and several gas stations and convenience stores across northern Nebraska. The move represents an opportunity for Santee to not only generate revenue but also to create job opportunities while providing financial benefits for future generations.

By Editor

Leave a Reply