How much did the Oneida Nation pay to outside vendors in 2022?
Oneida Indian Nation officials said they spent more than a quarter of a billion dollars on outside vendors in New York state last year and paid another $85 million directly to state and local governments.
The figures come from an annual economic impact assessment conducted by the Nation.
In total, contracts with external vendors in 2022 totaled $254 million, a 34% increase from 2021, according to a press release from the OIN. The tribe has done business with more than 1,300 vendors — including more than 300 in Oneida County, another 400 in Onondaga County, and nearly 170 more in Madison County, per OIN:
The Nation continued to expand its partnerships with state and local providers in 2022:
· 1,371 vendors in New York State
· 306 vendors in Oneida County
· 167 vendors in Madison County
· 402 vendors in Onondaga County.
Money spent on vendors in those three counties alone totals more than $110 million, officials said.
Robert Mescavage/Turning Stone
Oneida Nation capital spending also more than tripled last year to nearly $82 million, officials said. In 2022, OIN celebrated the opening of The Cove at Sylvan Beach, a new vacation rental/getaway property on Oneida Lake, the opening of 7 Kitchens – a buffet-style restaurant in Turning Stone, and the Villages at Stoney Creek, offering below-market rental housing deals for Oneida Nation Enterprises employees, according to a statement from the Nation.
The $85 million sent to local governments comes from the 2013 agreement with New York State to share a portion of slot machine revenue with state and local governments. Oneida County officials said they received more than $18 million from the Nation in the first three quarters of 2022.
“As we enter our 30th year at Turning Stone, we know that reinvesting in our employees and our community has been key to our success,” said Ray Halbritter, Oneida Nation Representative and CEO of Oneida Nation Enterprises. “The growth of our businesses offers the opportunity to increase our economic footprint and our partnerships across the region, and these increased investments are testament to that.
Major investment and new openings are also planned for 2023, officials said, with the latest “evolution” of the Turning Stone set to debut this year, as well as plans to build a new community center and a full launch. of the “seed-to” tribe. cannabis sales operation.
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