New Report Highlights Economic Benefits of Wabanaki Sovereignty
A recent report by the Maine Center for Economic Policy suggests that full Wabanaki sovereignty would have a positive impact on both tribal and state economies, addressing centuries of exploitation.
The report argues that recognizing the full sovereignty of the Wabanaki nations would bring significant economic benefits to the state, including an estimated annual increase of $330 million in GDP and the creation of 2,700 jobs.
There are examples of different enterprises that tribes have engaged with around the country that help to create jobs, not just for tribal members, but also people in neighboring communities.
According to author James Myall, full sovereignty would enable tribes to invest in innovative development projects and receive more federal funding, leading to benefits that extend beyond tribal groups.
- Estimated annual increase in state GDP: $330 million
- Estimated number of jobs created: 2,700
Author's summary: Full Wabanaki sovereignty boosts economies.
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