BIA Providers Conference: Federal Incentives & Loan Programs for Energy and Mineral Projects Presentation by: Payton Batliner – Economic Development Specialist US DEPARTMENT OF THE INTERIOR – INDIAN AFFAIRS OFFICE OF INDIAN ENERGY AND ECONOMIC DEVELOPMENT DIVISION OF ENERGY AND MINERAL DEVELOPMENT 303-969-5270 | 13922 Denver West Parkway – Lakewood, CO - 80401
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BIA Providers Conference: Federal Incentives & Loan Programs for Energy and Mineral Projects Presentation by: Payton Batliner – Economic Development Specialist.
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U S D E P A R T M E N T O F T H E I N T E R I O R – I N D I A N A F FA I R SO F F I C E O F I N D I A N E N E R G Y A N D E C O N O M I C D E V E L O P M E N TD I V I S I O N O F E N E R G Y A N D M I N E R A L D E V E L O P M E N T
U S D E P A R T M E N T O F T H E I N T E R I O R – I N D I A N A F FA I R SO F F I C E O F I N D I A N E N E R G Y A N D E C O N O M I C D E V E L O P M E N TD I V I S I O N O F E N E R G Y A N D M I N E R A L D E V E L O P M E N T
Annual grant program Competitive Any type of energy or minerals
U S D E P A R T M E N T O F T H E I N T E R I O R – I N D I A N A F FA I R SO F F I C E O F I N D I A N E N E R G Y A N D E C O N O M I C D E V E L O P M E N TD I V I S I O N O F E N E R G Y A N D M I N E R A L D E V E L O P M E N T
2013 Energy Economic Contributions on Indian Lands
(Non-Gaming)
U S D E P A R T M E N T O F T H E I N T E R I O R – I N D I A N A F FA I R SO F F I C E O F I N D I A N E N E R G Y A N D E C O N O M I C D E V E L O P M E N TD I V I S I O N O F E N E R G Y A N D M I N E R A L D E V E L O P M E N T
Total 10.60 100% 19.03 100% 80,668 100% Data from the U.S. Department of Interior's Economic Report FY 2013 July 11, 2014, Chapter 2, Table 2-2.
Open NowGrant program to develop tribal managerial,
organizational and technical capacity to maximize the economic impact of energy resource development on Indian land Establish business entity structures and/or
organizational structures related to energy resource development Business development capacity
Develop or enhance key regulatory activities
bit.ly/tedcgrant
TRIBAL ENERGY DEVELOPMENT CAPACITY PROGRAM (TEDC)
U S D E P A R T M E N T O F T H E I N T E R I O R – I N D I A N A F FA I R SO F F I C E O F I N D I A N E N E R G Y A N D E C O N O M I C D E V E L O P M E N TD I V I S I O N O F E N E R G Y A N D M I N E R A L D E V E L O P M E N T
Examples: Developing legal infrastructure for business
formation Establishing tribally chartered corporations under
tribal corporation codes Establishing tribal business charters under federal
law (IRA Section 17 corporation)
BUSINESS ENTITY FORMATION ACTIVITIES (TEDC)
U S D E P A R T M E N T O F T H E I N T E R I O R – I N D I A N A F FA I R SO F F I C E O F I N D I A N E N E R G Y A N D E C O N O M I C D E V E L O P M E N TD I V I S I O N O F E N E R G Y A N D M I N E R A L D E V E L O P M E N T
Examples:Developing or enhancing tribal policies, codes,
regulations, or ordinances related to regulating and developing energy resource(s) Land lease regulations for energy development purposes Helping Expedite and Advance Responsible Tribal
Drafting and adopting UCC MTSTA, secured transaction codes and subsequent joint power agreement with the tribe’s respective state.
REGULATORY ACTIVITIES (TEDC)
U S D E P A R T M E N T O F T H E I N T E R I O R – I N D I A N A F FA I R SO F F I C E O F I N D I A N E N E R G Y A N D E C O N O M I C D E V E L O P M E N TD I V I S I O N O F E N E R G Y A N D M I N E R A L D E V E L O P M E N T
IMPORTANCE OF TEDC ACTIVITIES
U S D E P A R T M E N T O F T H E I N T E R I O R – I N D I A N A F FA I R SO F F I C E O F I N D I A N E N E R G Y A N D E C O N O M I C D E V E L O P M E N TD I V I S I O N O F E N E R G Y A N D M I N E R A L D E V E L O P M E N T
Business name and trademark search
LLC, Corporation, Name and Trademark Forms
Business Formation is all online takes 10 minuets, $100 Corp. $130 LLC Fee
IMPORTANCE OF TEDC ACTIVITIES
U S D E P A R T M E N T O F T H E I N T E R I O R – I N D I A N A F FA I R SO F F I C E O F I N D I A N E N E R G Y A N D E C O N O M I C D E V E L O P M E N TD I V I S I O N O F E N E R G Y A N D M I N E R A L D E V E L O P M E N T
Business name and trademark search
LLC, Corporation, Name and Trademark Forms
Business Formation is all online takes 10 minuets, $100 Corp. $130 LLC Fee
U S D E P A R T M E N T O F T H E I N T E R I O R – I N D I A N A F FA I R SO F F I C E O F I N D I A N E N E R G Y A N D E C O N O M I C D E V E L O P M E N TD I V I S I O N O F E N E R G Y A N D M I N E R A L D E V E L O P M E N T
Step 1
Governance& Proper Business Structure
Key Components1. ADOPT VITAL CODES
• Business Codes• Corporation Code• LLC Code
• Uniform Commercial Code• Especially Articles 2 & 9• Joint Lean File System
• Taxation Code• Zoning Ordinance• Code of Ethics
2. Charter Economic Development Corporation• Separate Business from Politics• Establish Board Governance
• Appoint qualified Board of Directors
3. Create a Comprehensive Economic Development Strategy (CEDS)
CREATE A BUSINESS FRIENDLY ENVIRONMENT
Federal Loan Programs Indian Loan Guarantee Program
90% Loan Guarantee Must be 51% Indian Owned Since 1974 has guaranteed more than $1 Billion in loans ~$80-$100 Million average annual appropriation Can be used for Renewable Energy Projects
U S D E P A R T M E N T O F T H E I N T E R I O R – I N D I A N A F FA I R SO F F I C E O F I N D I A N E N E R G Y A N D E C O N O M I C D E V E L O P M E N TD I V I S I O N O F E N E R G Y A N D M I N E R A L D E V E L O P M E N T