Creating Private Sector Economies in Native America Book contents
- Creating Private Sector Economies in Native America
- Creating Private Sector Economies in Native America
- Copyright page
- Contents
- Figures
- Tables
- Contributors
- Introduction
- Part I The Setting
- Part II Policy Barriers and Policy Needs
- 3 The Challenges of American Indian Land Tenure and the Vastness of Entrepreneurial Potential
- 4 Right-Sizing Use Rights: Navajo Land, Bureaucracy, and Home
- 5 Access to Credit in Indian Country: The Promise of Secured Transaction Systems in Creating Strong Economies
- 6 Tribal Economic Resurgence: Reflections from a Tribal Economic Development Practitioner
- Part III Learning from Business Scholars
- Part IV From Learning to Doing: Examples of Entrepreneurship in Indian Country
- Index
5 - Access to Credit in Indian Country: The Promise of Secured Transaction Systems in Creating Strong Economies
from Part II - Policy Barriers and Policy Needs
Published online by Cambridge University Press: 15 October 2019
- Creating Private Sector Economies in Native America
- Creating Private Sector Economies in Native America
- Copyright page
- Contents
- Figures
- Tables
- Contributors
- Introduction
- Part I The Setting
- Part II Policy Barriers and Policy Needs
- 3 The Challenges of American Indian Land Tenure and the Vastness of Entrepreneurial Potential
- 4 Right-Sizing Use Rights: Navajo Land, Bureaucracy, and Home
- 5 Access to Credit in Indian Country: The Promise of Secured Transaction Systems in Creating Strong Economies
- 6 Tribal Economic Resurgence: Reflections from a Tribal Economic Development Practitioner
- Part III Learning from Business Scholars
- Part IV From Learning to Doing: Examples of Entrepreneurship in Indian Country
- Index
Summary
Economic growth in Indian Country has improved over the past two decades, yet entrepreneurs and businesses on most reservations still find it difficult to access credit and capital investments. As sovereign nations, tribes can support and encourage the flow of credit into their communities by creating and strengthening their secured transaction systems (STS). These commercial laws are essential to protecting the interests and rights of businesses that extend credit, such as banks.
A strong STS establishes a set of rules for secured transactions that is reasonably similar to other jurisdictions, a reliable and transparent lien filing system, and politically independent contract enforcement mechanisms. This article explores the history and components of STS across the United States and Indian Country. It also discusses the Model Tribal Secured Transactions Act, and provides insights for tribal community leaders who are considering adopting or strengthening their STS.
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- Creating Private Sector Economies in Native AmericaSustainable Development through Entrepreneurship, pp. 97 - 110Publisher: Cambridge University PressPrint publication year: 2019