Cherokee Nation Businesses
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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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Harold Ray “Sam” Hart (Chairman) Shawn Slaton (Interim CEO/Executive Vice President) |
| Revenue |
 US$ 653.5 million (2011)
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US$ 91.5 million (2011)
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| Total assets |
US$ 530.1 million (2011)
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Number of employees
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4,000+ (2012) |
| Website | CherokeeNationBusinesses.com |
Cherokee Nation Businesses, LLC (CNB) is an American conglomerate holding company headquartered in Catoosa, Oklahoma, that oversees and manages a number of subsidiary companies. CNB is a wholly owned subsidiary of the Cherokee Nation, the largest Native American tribe in the United States. CNB operates in the following industries: aerospace and defense, hospitality and entertainment, environmental and construction services, information technology, healthcare, and security and safety.
Cherokee Nation Businesses was established on June 16, 2004. CNB is a wholly owned subsidiary of the Cherokee Nation. The tribe exerts control over the operations of CNB through the Board of Directors. Upon its establishment, CNB became responsible for providing "strategic direction" to all Cherokee Nation-owned businesses, to diversify the Nation's business holdings, and to act as a holding company for some Cherokee Nation business investments. CNB receives revenues from its subsidiaries in order to fund the expansion of existing firms and the acquisition of new ones. CNB was established to diversify its business interests of the tribe. At its establishment, pursuant to the Cherokee Nation's Corporation Reform Act of 2002, 25% of all CNB profits were to be reinvested with the Tribal Government as dividend payment.
Pursuant to the provisions of the Cherokee Nation's Jobs Growth Act of 2005, CNB became the holding company for all business enterprises owned by the tribe, including Cherokee Nation Entertainment (CNE) and Cherokee Nation Industries (CNI). CNE was transferred to CNB ownership in 2006 and CNI was transferred in 2008. Prior to these transfers ownership of CNE and CNI were held directly by the Nation. At its establishment, CNB was governed by its own board with both CNE and CNI governed by separate boards of their own. In 2010, the separate boards were dissolved and consolidated into a single CNB board. The same year, the Cherokee Nation enacted the Dividend Act of 2005, which increased CNB's annual dividend payment to the Tribal Government from 25% to 30% of a total profits.
CNB established its Environmental and Construction Division in March 2005 with the establishment of Cherokee CRC. The Division provides environmental consulting, construction engineering and management services, environmental remediation services, and scientific research and development (including laboratory testing) for government agencies as well as for chemical, oil and gas, manufacturing and waste companies. The Division was expanded in 2008 with the establishment of Cherokee Nation Construction Services' to offer construction management services. In February 2010, CNB announced the closure of CNB Manufacturing Division's construction unit due to constant financial problems. The unit's assets were moved from CNB's Manufacturing Division into its Environmental Division. The CNB Manufacturing Division's defense contracting mission was expanded in August 2008 with the acquisition of Alabama-based Aerospace S.E., Inc., which provides aerospace product distribution and supply chain services for the United States Department of Defense.
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