The U.S. Small Business Administration, in conjunction with the Federal Reserve Banks of San Francisco and Minneapolis, will hold a free public workshop in Buffalo next week to show small businesses how they can operate successfully on Native American territory.
The one-day workshop, the last of five such programs nationwide, will be held from 8:30 a.m. to 3 p.m. Tuesday in the Hyatt Regency Buffalo at Fountain Plaza.
It will focus on the Uniform Commercial Code, and seeks to show tribal organizations, governments and Native American businesses why adopting such a secured transaction code can increase economic-development opportunities.
The program will demonstrate how to compete in the marketplace, and will also identify obstacles and solutions to doing business on Indian reservations, explain the importance of commercial laws to borrowers, and discuss why lenders must be able to secure loan transactions. Since Native American tribes are sovereign nations, their commercial laws often very widely and are different from the UCC rules that govern the rest of the country.
For more information, go online to http://www.frbsf.org/ community/resources/ 2012/0605-Uniform-Commer cial-Codes-Bringing-Business-to-Indian-Country/index.html.