By Admin on April 2017
TWIN ARROWS, Ariz. – Navajo Nation Division of Economic Development (DED) Director Crystal Deschinny provided the Office of the President and Vice President and colleagues an update at the Executive Branch Quarterly Strategy Session on April 2.
“This past quarter was filled with excitement for DED, by investing in my staff, there has been a lot of internal growth and improvement. They bought into my vision and I couldn’t be more proud of them,” said Director Deschinny.
Before I came here, the staff didn’t know the process and reason why due diligence was needed, she said.
According to The Balance, due diligence is the process of evaluating a business situation from all aspects before making a decision. Due diligence is performed to protect both parties, but primarily the purchaser, in uncovering potential liabilities and financial matters, to make sure nothing is hidden.
“In the past, there was no one working to ensure business proposals were properly vetted. With the approval of the CDFI legislation, my team and I look forward to working with them to boost the Navajo Nation small business sector,” said Director Deschinny. “My team is now equipped to complete team analysis’ of business proposals to reduce risk and support well-thought out projects on the Navajo Nation.”
Director Deschinny will also roll out a new marketing and rebranding strategy for the Navajo Nation, which is anticipated to be released during the 2nd annual Navajo Nation Economic Summit.
Other goals that were highlighted within the presentation was a development of a trademark patent office, implementation of the land title data system, select a consultant for the Former Bennett Freeze Area feasibility study, and a luncheon to receive input and guidance for the division.
“There are many opportunities here on the Navajo Nation, if you tap into the right market,” said President Russell Begaye. “We look forward to seeing economic growth on the Nation.”