Cedar Band Corporation Market Research Report

Background

Overview

Cedar Band Corporation (CBC) is a federally chartered tribal holding company owned by the Cedar Band of Paiute Indians of Utah. Established in 2002, CBC operates a diverse portfolio of service companies under the Suh’dutsing brand, encompassing technology, telecommunications, contracting services, aerospace engineering, mortgage services, commercial trading posts, and beverage distribution.

Mission and Vision

CBC's mission is to provide world-class professional services to clients while fostering economic development and self-sufficiency for the Cedar Band of Paiute Indians. The vision is to be an industry leader as a tribally owned business, delivering exceptional services across various sectors.

Industry Significance

As a tribally owned enterprise, CBC plays a pivotal role in promoting economic growth and cultural preservation within the Cedar Band community. By diversifying into multiple industries, CBC contributes to the tribe's financial stability and provides employment opportunities for its members.

Key Strategic Focus

Core Objectives

• Economic Diversification: Expanding into various industries to reduce dependency on a single revenue stream and enhance financial resilience.

• Community Development: Utilizing profits to fund programs that support education, healthcare, cultural preservation, and infrastructure within the Cedar Band community.

Areas of Specialization

• Technology and Telecommunications: Providing IT solutions and services through subsidiaries like Suh’dutsing Technologies and Suh’dutsing Telecom.

• Contracting Services: Offering construction and engineering services via Suh’dutsing Contracting Services.

• Aerospace Engineering: Engaging in aerospace projects to contribute to technological advancements.

• Mortgage Services: Offering down payment assistance to first-time homebuyers through CBC Mortgage Agency.

• Retail and Beverage Distribution: Operating the Cedar Band Trading Post and distributing Twisted Cedar wines.

Key Technologies Utilized

CBC leverages advanced technologies in IT solutions, telecommunications infrastructure, and aerospace engineering to deliver high-quality services. The mortgage services division utilizes financial technologies to provide down payment assistance programs.

Primary Markets Targeted

• Federal and State Agencies: Supplying contracting and IT services.

• Tribal Communities: Providing mortgage assistance and community development programs.

• Commercial Retailers: Distributing beverage products.

Financials and Funding

Funding History

CBC has primarily funded its ventures through internal resources and strategic partnerships. Notably, the establishment of CBC Mortgage Agency in 2013 was achieved without external investment, demonstrating the tribe's commitment to self-sufficiency.

Recent Funding Rounds

Specific details regarding recent funding rounds are not publicly disclosed. However, CBC has secured financing for various initiatives, including a $600,000 loan from the Rural Community Assistance Corporation (RCAC) to expand its beverage distribution business.

Notable Investors

Investors include the RCAC, which has supported CBC's beverage distribution expansion.

Utilization of Capital

Capital has been allocated to:

• Business Expansion: Funding the growth of subsidiaries like CBC Mortgage Agency and CBC BevCo.

• Community Programs: Supporting educational, healthcare, and cultural initiatives within the Cedar Band community.

• Infrastructure Development: Renovating and maintaining tribal facilities.

Pipeline Development

Key Pipeline Candidates

• CBC Mortgage Agency (CBCMA): Provides down payment assistance to first-time homebuyers, with a focus on minority borrowers.

• CBC BevCo: Distributes Twisted Cedar wines to Native American casinos and other commercial retailers.

Stages of Development

• CBCMA: Established in 2013, CBCMA has been operational for several years, offering down payment assistance programs.

• CBC BevCo: Launched in 2015, CBC BevCo has expanded its distribution network and product offerings.

Target Conditions

• CBCMA: Aims to address the down payment challenges faced by first-time homebuyers, particularly within minority communities.

• CBC BevCo: Focuses on providing quality beverage products to Native American casinos and commercial retailers.

Anticipated Milestones

• CBCMA: Continued expansion of down payment assistance programs and increased outreach to eligible borrowers.

• CBC BevCo: Expansion into new markets and increased product distribution.

Technological Platform and Innovation

Proprietary Technologies

CBC's subsidiaries employ proprietary technologies in IT solutions, telecommunications infrastructure, and aerospace engineering to deliver specialized services.

Significant Scientific Methods

Utilization of advanced engineering methodologies in aerospace projects and innovative financial technologies in mortgage services.

AI-Driven Capabilities

While specific AI-driven capabilities are not detailed, CBC's commitment to technological advancement suggests potential integration of AI in service delivery.

Leadership Team

Executive Profiles

• Paul B. Terry: CEO of Cedar Band Corporation, with over 20 years of experience in legal and business sectors, including banking, healthcare, and defense contracting.

• Miki Adams: President of CBC Mortgage Agency, with 30 years of mortgage lending experience, overseeing down payment assistance programs.

• Carla Sanchez: President of Suh’dutsing Contracting Services, responsible for managing key relationships and setting overall strategy.

• Bobby Rowser: Board Member of Cedar Band Corporation and President of Suh’dutsing Technologies, overseeing management and staff.

• Justin Wayman: Director of HR for Cedar Band Corporation, with experience in human resources, organizational leadership, and public relations.

• Nathan R. Long: General Counsel and Chief Legal Officer, providing legal support across CBC's subsidiaries.

• Ean Jacomb: Chief Accounting Officer, heading the Accounting/Finance Department for all CBC companies.

• Mark Brunson, CPA: Former Director with Wipfli/Joseph Eve, with experience in tribal enterprises and various not-for-profit and for-profit entities.

Competitor Profile

Market Insights and Dynamics

CBC operates in diverse sectors, including technology, telecommunications, contracting services, aerospace engineering, mortgage services, and beverage distribution. Each sector has its own competitive landscape, with CBC leveraging its unique position as a tribally owned enterprise to offer specialized services.

Competitor Analysis

• Technology and Telecommunications: CBC competes with established IT and telecom companies by offering specialized services tailored to federal agencies and tribal communities.

• Contracting Services: Faces competition from other government contractors but differentiates through its focus on community development and cultural preservation.

• Aerospace Engineering: Competes with aerospace firms by engaging in projects that contribute to technological advancements.

• Mortgage Services: CBC Mortgage Agency faces competition from other down payment assistance providers but stands out by focusing on minority borrowers and offering culturally relevant programs.

• Beverage Distribution: CBC BevCo competes with other wine distributors but emphasizes its unique position as a Native American-owned business offering Twisted Cedar wines.

Strategic Collaborations and Partnerships

CBC has established partnerships with federal agencies, state entities, and commercial retailers to expand its service offerings and market reach. Notably, CBC BevCo secured a $600,000 loan from the Rural Community Assistance Corporation (RCAC) to expand its beverage distribution business.

Operational Insights