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Gary Davis, president and CEO of the National Center for American Indian Enterprise Development, said there are opportunities for development in Indian Country but challenges in getting funding to make projects happen. (Cronkite News Service photo by Julianne DeFilippis)

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Officials: Investors often overlook development opportunities on tribal lands

WASHINGTON - A Mesa executive told a Senate panel Wednesday that there is plenty of opportunity for economic development in Indian Country, but not enough investment to make it happen.Gary Davis, president and CEO of the Mesa-based National Center for American Indian Enterprise Development, was one of several witnesses at a Senate Indian Affairs Committee hearing on the importance of encouraging investment on tribal lands.Davis said his organization's efforts to help tribal businesses and economies "are oftentimes frustrated by federal programs that provide too few dollars and too many rigid operating and private matching-fund requirements."