Tribal Capital Markets, LLC ("TCM") realizes the importance of collaborating within a community. Our team is dedicated to helping those less fortunate through donations & volunteerism.
Morongo: Economic and Community Partner
Morongo Band of Mission Indians is one of Riverside County’s largest employers, providing nearly 2,500 jobs and generating close to $3 billion in direct and indirect regional economic activity. Recognized for operating one of the largest tribal gaming resorts in California, Morongo’s diverse and growing business portfolio spans numerous markets, including construction, finance, healthcare, manufacturing, recreation, retail, dining and hospitality.
Through its various enterprises, Morongo’s annual payroll tops $120 million, and a large portion of its workforce is composed of non-tribal employees who pay state taxes, as well as payroll, sales and use taxes.
Morongo’s gaming and non-gaming operations generate tens of millions of dollars in state and local tax revenues, from its State-Tribal Gaming Compact, to the indirect taxes it contributes through its spending at businesses throughout the state.
The direct and indirect tax payments made by its tribal gaming and non-gaming establishments contribute an enormous amount of revenue to state and local governments. These operations further promote new economic development opportunities, as well as job growth and stability through the use of state and local vendors and businesses.
Morongo shares a commitment with the state and the tribe’s regional and local neighbors to build stronger communities and a stronger future for California. To that end, Morongo partnered with Southern California Edison to develop and finance a three-fold upgrade to the electrical transmission lines that cross Morongo's Reservation, which will improve power grid reliability across Southern California. The project will also provide a crucial connection between renewable power generators and population centers, which will help California meet its renewable energy goals.
Through its automatic-aid agreements, Morongo’s tribal patrol and fire departments work closely with neighboring public safety agencies to respond to local, regional, state and national emergencies.
As a community partner, Morongo provides more than $1 million annually for college scholarships, food pantries, homeless shelters, schools, churches and other non-profit groups across California. Launched more than 30 years ago, Morongo’s annual Thanksgiving Outreach program distributes 10,000 free turkeys and has provided more than 1.5 million holiday meals to families, seniors and veterans in need. The tribe sponsors an annual holiday shopping spree for 2,500 disadvantaged children, and an annual back-to-school event that provides hundreds of low-income children with new shoes, clothes and backpacks stuffed with classroom supplies.
Morongo's Tribal Government maintains strong and cooperative government-to-government relationships with the State of California, the County of Riverside and local municipalities to identify and resolve issues of mutual concern, nurture new economic opportunities, and strengthen the quality of life for all Californians.