Cherokee Nation Businesses facts for kids
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| Tribal-Owned Enterprise | |
| Industry | Conglomerate |
| Founded | Tahlequah, Oklahoma, US (2004) |
| Founder | Cherokee Nation |
| Headquarters |
Catoosa, Oklahoma
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Area served
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Worldwide (Primarily United States) |
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Key people
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Bill John Baker (Executive Chairman) Chuck Garrett (CEO) |
| Revenue |  US$ 1.02 billion (2017) |
| US$ 114.3 million (2017) |
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Number of employees
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7,500 |
Cherokee Nation Businesses, LLC (CNB) is a big company based in Catoosa, Oklahoma. It manages many smaller companies. CNB is fully owned by the Cherokee Nation, which is the largest Native American tribe in the United States.
CNB works in many different areas. These include things like airplanes and defense, hotels and fun places, environmental services, construction, computer technology, healthcare, and security.
Contents
History of CNB
Cherokee Nation Businesses started on June 16, 2004. It was created to help the Cherokee Nation manage its businesses. CNB's job was to guide all the businesses owned by the Cherokee Nation. It also helped the Nation invest in new companies.
When CNB started, a part of its profits (25%) went back to the Tribal Government. This payment is called a dividend. It helped fund government services for the Cherokee people. Later, this payment increased to 30% of the profits. In 2011, it went up to 35%. The extra 5% was specifically for healthcare services for Cherokee citizens.
Over time, CNB took over other businesses that the Cherokee Nation owned. For example, Cherokee Nation Entertainment (CNE), which runs casinos, joined CNB in 2006. Cherokee Nation Industries (CNI), which makes things, joined in 2008.
CNB also started new divisions. In 2005, it created a group for environmental and construction services. This group helps with things like cleaning up the environment and managing building projects. In 2010, CNB started a Security and Defense Division. This division provides security services and makes electronic parts for the United States Department of Defense.
In 2011, CNB bought a company that supplies healthcare equipment. It also bought two technology companies. These purchases helped CNB grow its healthcare and technology services.
How CNB is Run
The leaders of the Cherokee Nation choose the people who are on CNB's Board of Directors. The Board helps guide the company.
The current CEO (Chief Executive Officer) of CNB is Chuck Garrett. He started in August 2019. He went to the University of Oklahoma and Harvard Law School. Mr. Garrett is also a citizen of the Cherokee Nation.
In 2011, CNB made a profit of $91.5 million from $653.5 million in sales.
What CNB Does
Hospitality and Entertainment
This part of CNB manages hotels, casinos, and fun places. It operates through a company called Cherokee Nation Entertainment (CNE). CNE runs ten casinos and three hotels in Oklahoma. It also has a horse racing track with electronic games.
Some of the places CNE operates casinos are:
- Tulsa (Hard Rock Hotel and Casino Tulsa)
- Fort Gibson
- Roland (Cherokee Casino Roland)
- Ramona
- South Coffeyville
- Sallisaw
- Tahlequah
- West Siloam Springs
- Claremore (Will Rogers Downs)
- Grove
CNE also owns Will Rogers Downs LLC (for horse racing) and Cherokee Hotels (for hotels).
Making and Distributing Products
This division makes and provides products and services. They work for airplane companies, defense groups, and telecommunications companies. They also help government and business offices.
This division includes companies like:
- Cherokee Nation Aerospace and Defense (CNAD): Makes parts for airplanes and military aircraft.
- Cherokee Nation Metalworks (CNMW): Creates metal parts for planes and drones.
- Cherokee Nation Office Solutions (CNOS): Provides office supplies and services.
- Cherokee Nation Telecommunications (CNT): Sells communication products.
Services for the Government
CNB has many companies that offer services to the U.S. federal government. These services include computer technology, management advice, medical help, and environmental services. They also help with construction projects.
Some examples of these companies are:
- Cherokee Medical Services (CMS): Finds and places medical staff for government agencies.
- Cherokee Nation Assurance (CNA): Helps manage government programs, especially in health and technology.
- Cherokee Nation Construction Resources (CNCR): Manages construction projects from planning to finish.
- Cherokee Nation Environmental Solutions (CNES): Helps with things like soil testing and managing waste.
- Cherokee Nation Government Solutions (CNGS): Provides skilled people for government projects in areas like science and engineering.
- Cherokee Nation Technologies (CNT): Offers IT services and helps with mapping systems.
Real Estate
This division handles properties. It works through Cherokee Nation Property Management (CNPM). CNPM manages, develops, buys, and leases different types of properties. They manage over 3 million square feet of buildings.
Security and Defense
This part of CNB provides security services and products. They work for businesses and the government. They also help the United States Department of Defense with aviation and weapon systems.
Companies in this division include:
- Cherokee Nation Defense Solution (CNDS): Provides security for buildings and access control.
- Cherokee Nation Red Wing (CNRW): Makes parts for aviation and weapon systems.
Environmental and Construction
This division helps clients with environmental and construction projects. They manage projects and ensure safety and good financial control.
Companies here include:
- Cherokee CRC: Provides consulting and engineering services, especially for environmental and construction projects.
- Cherokee Nation Construction Services (CNCS): Offers general contracting and construction management.
Technology
This division provides many different computer and technology services. They help manage projects and provide skilled staff. Their main focus is on information technology and research.
Companies in this division include:
- Cherokee Services Group (CSG): Helps with computer networks and software development.
- Cherokee Nation Technologies (CNT): Offers professional services to businesses.
- Cherokee Nation Technology Solutions (CNTS): Provides technical support for government and civilian clients.
Cultural & Economic Development
This division focuses on promoting Cherokee culture and helping the economy grow.
- Visit Cherokee Nation: Operates 6 museums.
- Osiyo, Voices of the Cherokee People: A TV show about Cherokee culture.
- Cherokee Springs Plaza
- Cherokee Nation Film Office
Renewable Energy
CNB is also working on clean energy projects. In 2011, they started plans to build a hydroelectric dam on the Arkansas River. This dam would use water to create electricity. It is expected to make a lot of money for CNB each year.
CNB also plans to build a wind energy farm. This farm will use wind turbines to generate electricity. This project is also expected to bring in good revenue for the company.
See also
