Center for Indigenous Economic Development and Entrepreneurship (CIEDE)
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"This paper profiles a number of national, regional, and local Aboriginal (Indian, Métis, and Inuit) and non-Aboriginal government sponsored programs and services that promote and support Aboriginal entrepreneurs and small business owners in Canada. Various non-governmental and private support programs intended to support the development and success of Aboriginal entrepreneurs – available through various financial, corporate, academic, and Aboriginal institutions – are also profiled.
"The focus of this discussion is the joint venture that can allow First Nations to enter the resource development and service industries. It can provide incomes, as ell as revenue that can be used to support social spending. Potential benefits of joint ventures include access to the capital, technology, expertise, market access and other benefits offered by a corporate partner."
International Journal of Entrepreneurship and Small Business (IJESB)
Year of publication:
"Throughout the middle decades of the 20th Century Indigenous people were the target of efforts to assist in economic development. In large part these externally developed, modernisation based efforts failed. In response, a second wave of Indigenous development has emerged; one in which Indigenous peoples are striving to rebuild their ‘nations’ and improve their lot through economic development ‘on their own terms’. Key to this approach is the pursuit by Indigenous people of the recognition of their rights to their traditional lands and resources.
"A new approach to economic development is emerging among the First Nations in Canada. This approach emphasizes the creation of profitable businesses competing in the global economy. These businesses are expected to help First Nations achieve their broader objectives that include: (i) greater control of activities on their traditional lands, (ii) self-determination, and (iii) an end to dependency through economic self-sufficiency.
"Bernd Christmas, CEO of Membertou First Nation near Sydney, NS, ponders some obstacles which he and his staff have encountered over the past number of years, in their quest to establish a strong brand and strong brand recognition for this First Nation community of 1100. They realize Membertou’s journey from a community with a massive operating deficit and escalating welfare costs, to one with budget surpluses and economic renewal has been seen as a model for First Nations development in Canada.
"This study examines the historical development of corporate governance structures in First Nations communities in British Columbia, where development corporations are employed to assist privately-owned and community-owned entrepreneurial enterprises. First Nations entrepreneurial activity functions in an environment where business must market to a global economy while preserving traditional values, beliefs and other cultural elements. A brief history of First Nations and their enterprise development efforts is presented.
A business corporation is an entity that has, subject to the conditions stipulated by law, a juridical personality and possesses specific rights and obligations. The liability of the shareholders is limited to their investment.