Confederated Tribes of Siletz Indians
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Siletz News

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Siletz News, a publication of the Confederated Tribes of Siletz Indians, is published on the first of each month. It contains information on tribal programs and events, positive things in the lives of tribal members, health news from the Siletz Clinic, and details on happenings at Chinook Winds Casino Resort.

The deadline for each issue of Siletz News is the 10th of the month before, i.e., April 10 for the issue that will be published May 1.  Information can be sent to:  pias@ctsi.nsn.us.

If you're looking for an overall picture of the Siletz Tribe, this is the place to find it.

 


News & Events

Siletz Tribal Business Corp. Update

Siletz Tribal Business Corporation Update

During the last few months, STBC conducted a thorough financial analysis of each of its business units which resulted in the decision to close down two of its operations, Northwest Maritime Industrial and Siletz Technologies. Northwest Maritime Industrial had suffered from the downturn in the economy and the risky nature of doing business "on the water". Efforts had been made to try to increase the sonar inspection part of the business to increase revenues and mitigate risk, but the analysis showed that this would not make the business profitable and the decision was made to stop operations.

Siletz Technologies was also in a phase where it needed to be subsidized to continue its operations. The financial analysis showed that Siletz Technologies needed to grow to 30 employees before it would begin generating any significant profits and would eventually have to expand to 50 to 80 people to be financially successful. The investment over the next year and a half to grow to 30 employees, along with some fairly risky factors, led to the decision to cease operations.