Red Lake Inc., an economic development enterprise of the Red Lake Band of Chippewa Indians, and its subsidiary, Red Lake Retail, built a new grocery store to better serve the Red Lake Reservation and surrounding community.
The store, directly across the street from the existing Red Lake Trading Post, increased the store space to about 2.5 times more than the past space, added a Subway restaurant, expanded produce, dairy, meat and grocery options, and generated substantial energy savings.
The development created 45 construction jobs, 20 new permanent jobs, and
retained 30 permanent jobs from the existing store.
The Red Lake Trading Post Grocery Store project was awarded Small Deal of the Year at NAFOA’s 12th Annual Leadership Awards Luncheon during the 37th Annual Conference. Click here to read the news release.
At a Glance
- Native Organization: Red Lake Band of Chippewa Indians
- Date Closed with Investor: 2018
- Date Completed: 2019
- Development Type: Business
- Project Status: Complete
- Total Investor Equity: $2,932,000
- Total Project Cost: $10,600,000