Office of Indian Energy and Economic Development (IEED)
Welcome to the Office of Indian Energy and Economic Development Web site. Here you will learn about the work our office is doing to help Indian communities gain economic self-sufficiency through the development of their energy and mineral resources, application of established business practices, and co-sponsorship of innovative training programs.
The office is made up of four Divisions:
Division of Energy and Mineral Development - Assists Tribes with the exploration, development, and management of their energy and mineral resources with the ultimate goal of creating jobs and sustainable tribal economies.
Division of Economic Development - Assists Tribes in creating an environment for economic progress through training, business planning, and expert consultation.
Division of Capital Investment - Manages the Indian Loan Guaranty Program to facilitate access to capital and loan financing for Indians.
Division of Workforce Development - Manages a wide variety of job placement and training programs to promote Indian employment opportunities.
IEED Grant and Loan Programs
Extending Credit in Indian Country
Can Indian Tribes own renewable energy projects? IRS says yes.
The IRS released a ruling this week that opens the door to Indian tribes playing a much larger role in renewable power projects.
It allows an Indian tribal government to be an owner or lessee of these projects. The rationale: An Indian tribal government is not a governmental unit or tax-exempt organization for purposes of tax subsidies.
The taxpayer in the ruling leased a power plant from an Indian tribe and planned to sell power to a third party. The taxpayer and tribe agreed to let the taxpayer (the lessee) claim an investment tax credit. The option to let a lessee claim an investment credit is available if the lessor could not have claimed the credit. The IRS ruled that the tribal government could have claimed the credit.
Calendar of Events
Tuesday, 3:00pm Eastern:
The Office of Indian Energy and Economic Development (IEED) was established within the Office of the Secretary, Indian Affairs, U.S. Department of the Interior to provide high-level support for the Department’s goal of serving tribal communities by providing access to energy resources and helping tribes stimulate job creation and economic development.
IEED focuses on increasing the economic vitality of American Indians and Alaska Natives. The Office is committed to achieving long-term goals of promoting Indian economic development, increasing tribal business knowledge, increasing jobs and businesses, increasing capital investment, and providing assistance for developing energy and mineral resources.