WASHINGTON, Sept. 11, 2014 /PRNewswire-HISPANIC PR WIRE/ — Today, the Native American Contractors Association and National Association of Surety Bond Producers signed a Memorandum of Understanding between the two organizations.

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In an effort to increase awareness by Native business enterprise of the benefits afforded them through surety credit relationships, the leadership of NACA and NASBP came together in early 2014 to build a report between not only their respective membership, but also the communities at large.

Historically underserved, Native businesses increasingly are pursuing contracting opportunities that require surety bonds and are interested in the best ways to qualify for such bonds in Indian Country.

“Partnerships from all sectors are vital to economic development in Indian Country,” said NACA Executive Director Kevin J. Allis. “It’s through building relationships with organizations like NASBP that both sides can learn the intricacies of one another’s industries, and find the appropriate solutions for both parties.”

The formal MOU signing occurred at the NACA Capitol Hill headquarters office today in Washington, DC, with leadership from both organizations in attendance.

“We are looking forward to beginning a long standing relationship with Indian Country through our partnership with NACA,” said NASBP CEO Mark H. McCallum. “Business diversity is imperative to the future growth of the American economy, and Native businesses are part of that growth.”

NASBP joins a sophisticated group of organizations looking toward the future economic development in the United States.

Over the past year, NACA has actively developed working relationships with American Indian Chambers of Commerce in California, Arizona and South Carolina, and have standing MOUs with U.S. Hispanic Chamber of Commerce, U.S. Black Chambers, Inc., Native Hawaiian Chamber of Commerce, and Native Hawaiian Association Organization.

Native American Contractors Association
NACA is a national Native advocacy organization based in Washington, D.C., and represents Tribal, Alaska Native Corporations, and Native Hawaiian Organizations across the country. NACA seeks to protect the economic self-sufficiency of America’s indigenous people that is enhanced through the participation of its members in the SBA 8(a) program. NACA’s members represent and provide benefits for nearly 700,000 Tribal members, Alaska Natives, and Native Hawaiians.

National Association of Surety Bond Producers
Founded in 1942, the National Association of Surety Bond Producers (NASBP), www.nasbp.org, is the association of and resource for surety bond producers and allied professionals. NASBP members specialize in providing surety bonds for construction contracts and other purposes to companies and individuals needing the assurance offered by surety bonds. NASBP members engage in contract and commercial surety production throughout the United States, Puerto Rico, Guam, and a number of countries. They have broad knowledge of the surety marketplace and the business strategies and underwriting differences among surety companies. As trusted advisors, professional surety bond producers act in many key roles to position their clients to meet the underwriting requirements for surety credit.

Media Contacts:
Ricki McCarroll
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(202) 503-9169

Kathy Hoffman
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(202) 464-1175