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: Northwest Business Litigation Blog

Economic development compact could spur new investment in Indian Country

By Rob Roy Smith

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The Crow Tribe in Montana has become the first Indian tribe to enter into a so-called "Economic Development Compact" with a state to make it easier for banks to file secured loans within the Tribe's Reservation.   This, in turn, should lead to a greater flow of capital to the Crow community. The Compact covers transactions in which personal property is used as collateral for loans, including bank loans for business startups, auto loan financing, and revolving lines of cred read more

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Full post as published by Northwest Business Litigation Blog on February 08, 2008 (boomark / email).

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