About Us
TREDC adds immediate value to private enterprises while transforming the tribal economy from federal dependency to tribal self-sufficiency that will improve the health, education, housing, and general welfare of tribal members.
- Economic Development
- Diversify revenue base
- Create jobs & entrepreneurial opportunities
- Revitalize our community
- Better the lives of the tribe and its people
Mission Statement
It is the mission of the Tule River Economic Development Corporation to diversify our revenue base, create jobs and educate our people to revitalize our community and bring economic success to the tribe.
The Tule River Economic Development Corporation is a Section 17 Federal Corporation chartered by the Tule River Tribal Council of the Tule River Band of Yokuts Indians. The original intent was to create an organization tasked with developing jobs as well as creating a diverse revenue base to benefit the people of the Tule River Reservation and the surrounding community.
At a time when many tribes focused on gaming, the Tule River Indian Tribe chose to utilize its gaming resources to increase further economic expansion.
Having started Tule River Economic Development Corporation years prior to the advent of Indian gaming, it is now situated to help the Tribe diversify its revenue potential as well as employment opportunities for members of the Tribe. Tule River Economic Development Corporation is setting the standard for economic development among Indian tribes across the nation.
To meet the demand of its mission, The Tule River Economic Development Corporation is currently involved in several ventures. While each project is diverse in nature, each takes advantage of relative advantages and resources unique to the Tule River Indian Reservation and the surrounding area.
Meet the team
Corina Harris
Chairwoman
Charmaine McDarment
Chairperson
Isacc Manuel
Vice Chairman
Shine Nieto
Vice-Chairman
Franklin Carabay
Secretary
Neil Peyron
Treasurer
Dan Blazar
Secretary/Treasurer
Amanda Sierra
Member
Robert Cruess
Board Member
Priscilla Santos
Member
Lawrence Manuel
Member
Heather Teran
Member
Vernon Vera
Member
Relationship Benefits
- Exempt from federal income tax on and off the reservation
- Same sovereign immunity as the Tribe
- May issue various types of bonds
- Eligible for grants, low interest loans, no interest loans
- Eligible for loan guarantees from DOI, DOE, USDA
- No income tax or corporation annual filing requirements
- Eligible to become a community development financial institution
- Donations to TREDC may be tax deductible
- Tribal members are the sole corporate shareholder. Guiding on-reservation development by TREDC
- Eligible for preference contracts with federal agencies
- Various models for structuring advantageous relationships
- Capital may be raised as equity, debt, or a combination
- May contract with anyone, anywhere, at any time within the USA
- Federal law empowers TREDC as a commercial enterprise separate from tribal government
- Third party in a relationship may benefit from such tax incentives as New Market Tax Credits, Opportunity Zone, employer credits, work opportunity credits, accelerated depreciation
- Established experience in operating enterprises