With a shared mission to strengthen the Osage Nation and improve the lives of Osage constituents, Osage LLC has executed the largest loan to date with Place to Borrow Money (PBM). Osage LLC will use the $282,500 loan to purchase vehicles needed for two recently awarded five-year contracts through its subsidiary, Osage Nation Environmental Solutions LLC. The vehicles, crucial to the success of the Natural and Cultural Resource Compliance Program, are being deployed to Fort Campbell, Ky., and to the Jefferson Proving Grounds in Madison, Ind., in support of the Military Munition Response Program's Institutional Controls.
"What started as a meet and greet between our organizations a few weeks ago quickly evolved into a strategic partnership that allowed Osage LLC to secure financing for a new project," said Russell Goff, CEO of Osage LLC. "This loan ensures our project staff will have the critical equipment necessary to safely and effectively deliver on our performance-based contracts."
This collaboration is a shining example of tribal sovereignty, highlighting the success of Osage Nation enterprises in securing a bright and promising future for the Osage Nation.
"At PBM, we believe the most effective and sustainable way to grow a local tribal economy is to create a business ecosystem where all parts of the whole work together," said PBM Board Chair Raymond Red Corn. "It is true that business and government generally have goals that are not aligned, but when a tribal nation's government and business components cooperate, local dollars stay local. Those accumulating dollars are the key to growing a vibrant and sustainable economy in a rural environment."
About Osage LLC: Osage LLC is a wholly owned company of the Osage Nation, a federally recognized Native American tribal government with its headquarters in Pawhuska, Oklahoma. We are proud of our heritage, poised for the future, and driven to deliver prosperity for our people and partners. Our mission is to enhance the economic well-being of the Osage Nation and provide increased employment opportunities for our people.
About PBM Lending: PBM Lending was established through a cooperative effort between the Osage Nation Executive Branch and the Osage Nation Congress. The vision is to improve access to resources and to meet the needs of Osage people and our shared communities today and for generations to come. Together, they created the laws and systems to make this Native-focused Community Development Financial Institution (CDFI). Our primary goal is to offer services and lending products that enhance the financial well-being and economic growth of our clients.
Enclosed Photo: (left to right) Russell Goff, Osage LLC Chief Executive Officer (CEO); Christi Neilson, Place to Borrow Money (PBM) Business Development Officer; Christopher Coburn, Place to Borrow Money (PBM) Chief Executive Officer (CEO)