Suquamish Tribe diversifying its economic base

The Suquamish Tribe’s reliance on the Clearwater Casino for revenue has shrunk over recent years as new business enterprises have taken shape on the reservation. And more economic diversification is on the way, said the CEO of the tribe’s business wing at a Bainbridge Island Chamber of Commerce luncheon on Wednesday.

Russell Steele said the Clearwater’s profits made up 92 percent of the tribe’s business revenue in 2001. Today, the casino makes up only 68 percent of the revenue.

An on the horizon is an expansion of the Agate Pass Business Park, a larger retail division and improvements in downtown Suquamish.

Read Angela Lu’s coverage of Steele’s talk here.