Through its IGC Program, BBNC developed a three-part
training program consisting of three two-day segments
on topics such as corporate governance and formation,
understanding financial statements, government con-
tracting 101, 8(a) eligibility and applications, and Small
Business Administration (SBA) compliance. As part of
the IGC Program, BBNC brings its experience to prepare
village corporations and tribes to bid, win and perform
contracts all while providing a level of quality to customers
that is consistent with BBNC’s long history of being a valued
contractor to the federal government.
Investment earnings from the Portfolio are expected to
be above those of FY2019. However, it should be noted
that FY2019 was an exceptionally challenging year for
the market due to increased volatility. BBNC’s asset allo-
cation strategy within the Portfolio is meant to accomplish
a desired rate of return with the least risk possible. None-
theless, the returns we will experience will be reflective of
broader trends in world financial markets.
BBNC continues to seek out attractive investments in the
form of new acquisitions and “bolt-on” acquisitions to its
existing business lines. New acquisitions will be financed
through a mix of equity and debt capital. The Corporation’s
debt load remains modest and continues to enjoy access
to abundant, low-cost debt financing. Both factors enable
the Corporation to take on additional debt for acquisitions
if and when deemed appropriate by management.
M anagement ' s D iscussion and A nalysis
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