MTEC
The Multi-Tribal Energy Company, LLC (MTEC) is a
Native American-owned subsidiary of the Inter-Tribal Economic Alliance
(ITEA), a tribal consortium of American Indian tribes, Alaska Native
villages, and Native Hawaiian communities.
History
In 2005, the
Inter-Tribal Economic Alliance chartered a holding company,
the Inter-Tribal Enterprises, LLC (ITE), a for-profit corporation,
under the laws of the District of Columbia. The Board of Directors
of the ITE and the ITEA are the same. In turn, the ITE created
the MTEC as a subsidiary to promote and finance tribal economic
independence through energy development.
Our Purpose
- To become one of the primary Tribal energy
operating companies in the United States.
- To partner with
Native Tribes regarding their energy resources for the purposes
of developing those resources
How MTEC can help you?
At MTEC, we have offer a number of
services to Native American tribes, Native American businesses,
and non-Native energy companies. Because we bring decades of
tribal leadership experience to the table, we have the ability
to leverage our contacts within Indian Country and turn our
experience in doing business with Indian Country into an unparalleled
advantage for our customers.
Our Services At MTEC we:
- Professionally
assist venture capital firms, investment banking firms and
other investment entities in working with MTEC member Tribes
to develop energy resources, land, water, minerals and other
related business and visa-versa.
- Access and leverage existing
federally legislated grants and programs (eg: 8a and EPACT)
regarding Indian energy development and sales in such a way
as to benefit MTEC and its member Tribes.
- Work with the
Federal Government in carrying out its mandated legislative
mission and responsibilities regarding Native energy resources
and provide them with Native ‘partners’ (MTEC member Tribes)
in this effort.
- Manage the process of dealing with various
government agencies, MTEC Member Tribes and private entities
to streamline the development of their resources.
- Provide
continuity and develop standardization of contracts and agreements
for the development of said resource development for MTEC
member Tribes.
- Develop model Tribal Energy Resource Agreements
(TERAs) as instruments for streamlining the current federal
energy and environmental review processes as authorized under
the 2005 Energy Policy Act.
- Negotiate with outside investment/financial
entities on behalf of MTEC member Tribes and to consolidate
and commoditize certain energy resources when practical.
- Provide
a central office and personnel staff to manage the business
of MTEC;
- Create, maintain and expand access (for member
Tribes) to MTEC and its staff members through reliable communications
and online services.
- Leverage the growing strength of MTEC
in developing beneficial relationships with Gaming Tribes,
non-member Tribes, Alaska Native Corporations, the general
public and various government agencies for the benefit of
MTEC member Tribes.
- Assist in the elimination of poverty
in all Native lands through the lucrative and environmentally
sound development of MTEC Native energy resources and other
natural resources.
For more information please contact:
Chris Stearns, MTEC
cstearns@nativebusiness.org
(206)
902-6680
or ITEA’s staff in Bismarck, North Dakota
info@nativebusiness.org
(701) 759-3800
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