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Lac du Flambeau Business Development Corporation: Diversifying Non-Gaming Revenue Sources and Creating Career Opportunities
The Lac du Flambeau Business Development Corporation (LDF BDC) is a tribal entity that aims to promote economic development and growth for the Lac du Flambeau Tribe. The LDF BDC was established in 2001 as a way to diversify the tribe's non-gaming revenue sources and create career opportunities for its community members.
The LDF BDC has been successful in achieving its mission by investing in various industries such as real estate, hospitality, construction, and retail. The corporation has also formed partnerships with other businesses to expand its reach and impact.
One of the key areas of focus for the LDF BDC is real estate development. The corporation has developed several properties including hotels, restaurants, convenience stores, gas stations, and office buildings. These properties not only generate revenue but also provide employment opportunities for tribal members.
In addition to real estate development, the LDF BDC has also invested in hospitality businesses such as hotels and resorts. These businesses not only provide lodging options for tourists but also offer employment opportunities for tribal members in various roles such as housekeeping, front desk operations, food service, maintenance, and management.
Another area of investment for the LDF BDC is construction. The corporation has established a construction company that provides services such as general contracting, design-build services, project management services to clients both within and outside of the tribe's jurisdictional boundaries.
Retail is another industry that the LDF BDC has ventured into with great success. The corporation owns several convenience stores that offer a variety of products including groceries, snacks beverages tobacco products among others at competitive prices while providing employment opportunities to local residents.
Apart from these industries mentioned above; there are many other sectors where this business development corporation invests like healthcare facilities which include dental clinics & pharmacies; technology companies which develop software and hardware solutions for various industries; and energy companies that focus on renewable energy sources.
The LDF BDC has also formed partnerships with other businesses to expand its reach and impact. These partnerships have allowed the corporation to leverage the expertise of other businesses while also providing opportunities for tribal members to gain experience in different industries.
The LDF BDC's success can be attributed to its commitment to diversifying the tribe's non-gaming revenue sources while creating career opportunities for its community members. The corporation has been able to achieve this by investing in various industries, forming partnerships with other businesses, and leveraging the expertise of its team members.
In conclusion, the Lac du Flambeau Business Development Corporation is a tribal entity that is committed to promoting economic development and growth for the Lac du Flambeau Tribe. The corporation's mission is focused on diversifying non-gaming revenue sources while creating career opportunities for tribal members. With investments in real estate, hospitality, construction, retail, healthcare facilities technology companies & renewable energy sectors; it has been successful in achieving this mission over time. Its partnership with other businesses has helped it expand its reach & impact beyond what would have been possible alone.
ldfbdc.com
