SHAWNEE, Okla., March 15, 2018 /PRNewswire/ -- A report produced by Economic Impact Group, LLC, that studied the economic impact of Citizen Potawatomi Nation (CPN) on Pottawatomie County and the Oklahoma City Metropolitan Statistical Area (MSA), shows that CPN's impact reached $467 million in the region.
The report analyzed CPN spending in three areas: government, enterprise and capital expenditures from 2016 operations. The analysis estimated CPN exerts a regional economic impact of $467 million that supports 3,396 jobs and $128.1 million in payroll.
"We are very proud that the growth our tribe has experienced in the last two decades manifests itself in such a positive impact on the overall community," CPN Tribal Chairman John "Rocky" Barrett said. "It is our goal for CPN to continue its growth and continue to contribute to prosperity in the region."
Some of CPN's economic contributions include: 2,804 scholarships worth almost $6 million, assistance for 182 down payments on homes and over 25,000 rides provided for the elderly. Charitable contributions by CPN total $2.4 million and are accounted for in various subcategories throughout the report.
"As we look to the future, we hope to continue our growth trajectory, enhance the services we provide to the more than 33,000 tribal citizens and remain a partner in the shared economic success of the region," Barrett said.
CPN operates a diverse portfolio of business enterprises in and around Pottawatomie County. CPN Enterprises include the Grand Casino Hotel & Resort, Firelake Discount Foods and the First National Bank and Trust Company, the largest tribally owned national bank in the United States. In 2016, CPN enterprises operations generated more than $216.5 million in revenues from the sale of goods and services while supporting 1,668 jobs.
A full copy of the analysis is available at http://cpn.news/EcoImpact.
About Citizen Potawatomi Nation
CPN is one of 38 federally recognized Native American tribes headquartered in Oklahoma. CPN governmental jurisdiction covers 900 square miles in parts of Pottawatomie and Oklahoma Counties. CPN recognizes more than 33,000 citizens around the world with approximately 40 percent of the citizenship residing in Oklahoma.
SOURCE Citizen Potawatomi Nation