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C&B report: August strong but business headwinds persist; Cherokee employment remains majority of workforce
Summary
A staff member reporting for Cherokee Nation businesses said August performance beat plan, but the enterprise is facing headwinds in contracting and gaming; workforce totals and Native employment percentages were reported.
A staff member filling in for CEO Garrett told the Executive and Finance Committee that Cherokee Nation businesses faced strong headwinds this year in contracting and consumer confidence affecting gaming, but that August performance exceeded plan.
The presenter reported the tribal enterprise workforce at just over 9,600 positions, with tribal preference applied to about 3,700 of those positions. She said Native employment accounts for roughly 67.5% of the workforce and that Cherokee citizens represent about 59.1% of all employees.
The presenter characterized positive profitability in August as the result of expense management across enterprise operations. She also highlighted an upcoming event, the 20th annual Cherokee Art Market in October, and invited committee members to attend the awards reception.
