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Tribal corpration earns minority honors

— Colville Tribal Federal Corp. was recently named the top business at the 2013 University of Washington Minority Business of the Year awards ceremony.

“We are honored to receive this prestigious award that speaks to the significant turnaround of our organization over the last couple years,” Chief Executive Officer Joe Pakootas said. “We’ve worked hard to focus on tribal businesses both large and small that can create additional revenue for the Tribe and community.”

Over the last three years, the Colville Tribal Federal Corp. has been able to control expenditures and cuts costs, leading to a revenue stream of $86 million in 2013, compared with just $49 million in 2010, Pakootas said. In that span, five businesses have been able to reopen, providing jobs for tribal members.

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