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ABORIGINAL ECONOMIC DEVELOPMENT JUNE 7 PRESENTATION

ABORIGINAL ECONOMIC DEVELOPMENT JUNE 7 PRESENTATION. PUBLIC GOALS – PRIVATE MEANS: HOW DO FIRST NATIONS AND ABORIGINAL COMMUNITIES ENGAGE THE PRIVATE SECTOR?. Options in forums: garage bands or syndication.

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ABORIGINAL ECONOMIC DEVELOPMENT JUNE 7 PRESENTATION

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  1. ABORIGINAL ECONOMIC DEVELOPMENTJUNE 7 PRESENTATION PUBLIC GOALS – PRIVATE MEANS: HOW DO FIRST NATIONS AND ABORIGINAL COMMUNITIES ENGAGE THE PRIVATE SECTOR?

  2. Options in forums: garage bands or syndication • First Nations face a specific set of challenges when the issue of economic development arises. • These challenges stem from systemic socio-economic, political, and legal barriers that are invariably connected to the Indian Act or previous federal and provincial policies.

  3. There is no one size fits all in choosing a business structure • The contrast for federally recognized tribes in the United States is the ability to create an arm’s length corporation that is part of the tribal government:

  4. The Standard forums: access, Organization, Capital, management • Sole proprietorships: the anchor of entrepreneurs and small business owners (e.g., family businesses). • Limited Liability Partnerships: “Partnerships” most commonly referred to, although most provincial laws in Canada now confer limited protections on partnerships agreements. • Limited Liability Corporations: “Corporations” or LLC’s are the most common small business format for First Nations and are most commonly provincially registered. • Can you see a difference with LLCs and the example provided by the tribal governance model in the United States?

  5. What about cooperatives? • Amazingly, little research on the role of cooperative models for Aboriginal communities, however, the management structure may suggest a “cultural match”. • Cooperatives are widely supported by provincial laws in the areas of agriculture, housing, forestry, and fisheries. • Can you think of reasons why they are not pursued more frequently by First Nations? • See also interesting story about coercive role of coops in the Potato Patch: http://findarticles.com/p/articles/mi_m0KFU/is_2_72/ai_n15894768/

  6. Organizational forums: What is different? Old School – New School

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