Tribe injects capital into Valley businesses

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The Picayune Rancheria of the Chukchansi Indian tribe has begun buying businesses and investing in companies, creating a much-needed source of capital in the central San Joaquin Valley. The people who manage the tribe’s fund, Mighty Oak Capital, vow to keep many of its investments local — and they may have to if they want to access special advantages like tax exemptions that are tied to its Coarsegold reservation.