The Modoc Nation, a Native American tribe in Ottawa County, Miami, Oklahoma, has formed a joint venture with Texas Medical Technology, a prominent manufacturer and marketer of medical supplies and equipment. Under US Small Business Administration (SBA) regulations, Texas Medical Technology and the Modoc Nation’s Buffalo MTE, LLC formed the joint venture Modoc Medical Solutions LLC.
More than a temporary “band aid solution”
As a group that has been largely overlooked for centuries, it is no surprise that over one-third of Native Americans live below the poverty line. The median income in this region hovers around $23,000 annually with large discrepancies among tribes and Reservations alike due to economic inequality on both individual levels as well as within communities at large – which have often resulted from broken federal precedents or allocated resources going missing during hard times like these past few years when they really mattered most if we want our people off welfare roles so there can be some lasting change instead just temporary band aid solutions. Joint ventures, which have shown helpful for improving community life, are one method for the private sector to contribute to the development of Native Americans.
What Makes Modoc Medical Solutions Different?
To improve the situation, Modoc Medical Solutions LLC will tap into Texas Medical Technology’s know-how and manufacturing capacities to begin producing products under its own brand. All goods made by this joint venture are marked “Tribally Manufactured by an American Indian Economic Enterprise” which is assembled in Houston where Modoc Solutions operates alongside them at their factory while also funneling profits back into operations that benefit members of the Nation through scholarships, direct payments, infrastructural improvements, and community programs.
” alt=”” aria-hidden=”true”/>
The Minds Behind It All
A team of entrepreneurs from diverse backgrounds have come together to meet the soaring demand for personal protective equipment during COVID-19. With a factory in Houston, Texas and employing 550 workers across 53 countries including refugees assisted by YMCA Greater Houston or Catholic Charities Archdiocese Galveston-Houston they are now able to fight back against the pandemic that is ravaging our society. The three entrepreneurs behind Texas Medical Technology are of diverse backgrounds. Omri Shafran and Dimitri Menin come from Israel, while Jad Shraim is of Palestinian descent–their focus since the beginning has been on working together for the common good without regard to where they were born or raised in terms of culture!
“As we continue to expand our operations, we’re also stepping up our efforts to provide ventures which can also provide valuable support for people,” says Omri Shafran, Founder & CEO of Texas Medical Technology. “This venture with the Modoc Nation is just part of our wider aspiration to give back to the communities who are able to contribute if given the opportunity.”
“We’re really excited to begin this venture with Texas Medical Technology,” says Norman “Bud” Cool, a representative of the Modoc Nation. “The economic opportunities from this could really begin to transform our Tribal Nations community and impact future generations for the better.”
Since the beginning, Texas Medical Technology has primarily focused on developing innovative products designed to protect people from infection and other healthcare-related dangers. By entering into this joint venture with Modoc Medical Solutions LLC, they are now able to help their Native American partners begin to develop their local economies for the long term.
This joint venture marks an important moment in the history of Native American self-sufficiency, which can really begin to improve quality of life for members on Reservation. Being able to contribute financially is an important part of many cultures, and this venture aims to ensure that the opportunities are there when they are needed most in order to continue supporting cultural traditions.