Cherokee Nation Businesses’ annual year-end audit
shows the tribe’s economic development arm ended another fiscal year with
record revenues. The company’s revenues grew by $96 million year over year, with
revenues topping $925 million in fiscal year 2015. Our businesses continue to
experience record growth and remain vital to economy of northeast Oklahoma.
More importantly, those business successes mean we can do more to improve the
lives of Cherokee people.
Cherokee Nation has a $1.5 billion economic impact
on the state’s economy and the existence of our business arm achieves two
fundamental priorities: the first is to grow the economy of the Cherokee Nation
through jobs, and the second is to provide fiscal funding that supports the
services and programs utilized by our citizens, like housing, health care and
education.
We are also investing in things like first
responders, community infrastructure like road and bridges and waterlines, as
well as public parks and splash pads that improve the quality of life for area
families. You can see we are all over the 14 counties and have improved so many
lives. We have seen the positive impact we are making on the Cherokee Nation
and the Cherokee people.
As our businesses continue to grow and succeed, so
does our ability to further support the tribe and remain a positive community
partner for our state, and we are partnering with local businesses and local chambers
to bring in work and jobs. Part of that is ensuring we have a capable and
highly skilled workforce that fulfill those quality jobs. Today, we have more
students on higher education scholarships in the history of the tribe, and we
expect to issue more than 4,000 higher education scholarships for the coming
fall semester.
The tribe’s overall workforce grew in 2015. The
company now employs roughly 6,500 people. More than 4,900 of those jobs are
scattered across northeast Oklahoma. The opening of new casinos in South
Coffeyville and Roland created 400 new jobs, and a new casino in Grove will
soon bring 175 new jobs to that community.
Besides gaming and hospitality, the tribe’s
financial arm operates businesses in industries such as aerospace
manufacturing, health care, real estate, information technology, office
solutions, telecommunications, environmental and construction, and security and
defense.
Last year, CNB's diversified businesses portfolio
secured hundreds of federal and commercial contracts totaling more than $437
million, with revenue being spread across multiple years.
In addition to a 35 percent dividend to the tribe,
CNB also completed a major portion of a $100 million capital investment in Cherokee
Nation’s health care system. For the first time ever, we’ve taken our casino
profits and directly invested them into the health of the Cherokee people. Using
casino profits earmarked for the construction of new health centers as well as
the expansion of existing health facilities, the tribe opened new health
centers in Ochelata and Jay and expanded health centers in Sallisaw and
Stilwell in 2015.
We are addressing the housing needs of our people
much quicker. Along with construction on health centers, the company is also
helping build neighborhoods for the Cherokee Nation Housing Authority in
communities like Vian, Roland and West Siloam Springs. These efforts better
ensure Cherokee families have a better opportunity at homeownership.