The BPEDC is organized under the authority of Article VII, Section I (h) of the Tribal Constitution of the Utu Utu Gwaitu Paiute Tribe, as amended. Therefore, the BPEDC is a tribal corporation wholly owned by the Tribe.

The primary purpose of the BPEDC is to improve the financial and general welfare of the Utu Utu Gwaitu Paiute Tribe ("Tribe") in its quest for self-determination. A. The general purposes of the BPEDC are to:

1. Engage in beneficial economic development activities approved by the Utu Utu Gwaitu Paiute Tribal Council ("Tribal Council") that will improve the economic and social welfare of the Tribe.
2. Provide opportunities for income generation, management, ownership, training and employment for members of the Tribe.
3. To develop and maintain a Tribal Business Management System for the administration of tribal business affairs on a sound fiscal basis and to follow acceptable management procedures.
4. The BPEDC shall have the following delegated powers, subject to the approval of the Tribal Council pursuant to Article VII of the Constitution.
5. Engage in any and all business activities necessary for the orderly and efficient operation of the BPEDC.
6. Organize, establish, acquire, obtain financing for, manage and operate tribal businesses, tribal business ventures and enterprises as directed by the Tribal Councilor the BPEDC with Tribal Council approval.
7. Qualify to do business with or within the United States, any Indian reservation, state, foreign country or on trust or patented land.
8. Acquire by means of lease, contract, purchase, conveyance, special use permit or otherwise, and to own, hold, possess, enjoy and lease or rent, any and all classes of property whether real, personal, or mixed or any interest therein; and, to construct buildings, structures, or improvements necessary or convenient for BPEDC purposes.
9. Furnish management, administrative and other business advice, support, training and technical assistance to tribal members in order to enable them to develop the necessary skills to successfully operate profit and not-for-profit business ventures and to work in BPEDC businesses and enterprises.
10. Solicit, collect and receive money and other assets; administer funds and contributions received by grant, fee, gift, deed, bequest or devise and otherwise; to acquire money, securities, property, rights and services of every kind and description; and to hold, invest, expend, contribute, use, sell, or otherwise dispose of any money, securities, property rights or services acquired for BPEDC purpose.
11. Obtain information and conduct research, studies and analyses of the economic development needs of the Tribe and surrounding communities and prepare and publish such findings.
12. Enter into, make, perform and carry out contracts and other agreements which are necessary, or advantageous with respect to the business operations of the BPEDC, with any government, state, county, Indian tribe, municipality, person, firm, association, business, corporation (domestic or foreign), or financial institution. The BPEDC is not empowered to waive the Tribe's sovereign immunity, without Tribal Council approval.
13. Borrow money, and to make, accept, endorse, execute, and issue bonds, promissory notes, and other corporate obligations for monies borrowed, or in payment for property acquired for the purposes of the BPEDC and secure payment of any such obligation by mortgage, pledge, deed, agreement or other instrument of trust, or by other lien upon, assignment of any part of the property, right or privileges of the BPEDC. Property as used herein does not include property held in trust by the United States for the Tribe.
14. Invest and reinvest BPEDC funds in such mortgages, bonds, notes, corporate shares, and any other securities of any kind whatsoever, and property real, personal, or mixed, tangible or intangible.
15. Take all actions necessary, suitable or proper to accomplish any of the purposes or attainment of the goals of the BPEDC, either alone or in association with other corporations, firms, businesses, persons, governments, as principles, agents, brokers, contractors, subcontractors, trustees or otherwise, and in general, engage in any and all lawful business of the BPEDC and to perform any act or acts, things incidental to, arising out of or connected to BPEDC businesses, or any part or parts thereof
16. Engage in any and all other activities which will directly and indirectly improve the health, welfare and economic stability of the Tribe.