If all goes as planned, a new, corporate incarnation of the Ysleta del Sur Pueblo will become an economic development engine that diversifies tribal revenue and safeguards its financial future.
Tigua Inc. will assume management of the tribe’s existing businesses – the Running Bear convenience stores and oil distributorship, among others – and identify new investment ventures.
“We have opportunities knocking on our door all the time,” said tribal Lt. Gov. Carlos Hisa.
In past years, opportunities have ranged from an idea to establish a tribal construction company and work at Fort Bliss to an invitation to bid on the purchase of a golf course in Horizon City, he said.
“But we didn’t have the structure or the know-how to take it to the next step,” Hisa said. “That’s what this company is going to do.”