Tribal diversification

Some Indian tribes which have gotten into casino operations have settled for milking the cash cow, however long that may last. Others have used the money as leverage to get into other things, and are developing strong economic engines.

The Coeur d’Alene Tribe, which has made good money from its casino, has plowed a good deal of it into other kinds of activities. Last year it bought most of Berg Integrated Systems, which manufactures large pieces of equipment. The Coeur d’Alene Press reports today that Berg appears about to receive a giant military contract (giant in the context – $300 to $500 million) to build big fuel storage units.

Tribe Chairman Chief Allan was quoted as saying. “It means new jobs and new money for North Idaho, not just recycled money. It’s very cool.”

That it is.

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