Business park aimed at encouraging growth. (Aboriginal Business).Whitefish Lake First Nation The Whitefish Lake First Nation is an Ojibwa First Nation in Ontario, Canada, who live mainly on the Whitefish Lake reserve. Members of the Whitefish Lake First Nation have hunting and fishing rights within the Robinson-Huron Treaty Area. is taking action to encourage economic development and growth, in the community through the construction of a multi-use business park. Although the park is still in the design and environmental study phase, economic development officer Linda Petahtegoose says they are hoping to be open for business next fall. "At present we are still contemplating how the facility will be constructed," Petahtegoose says. "Either the business people leasing the park lots will build their own building, or we will build the facility. When the engineering design is completed, in about three months, we will know which route we will take." The facility is expected to stretch over 18 lots and be serviced with sewer SEWER. Properly a trench artificially made for the purpose of carrying water into the sea, river, or some other place of reception. Public sewers are, in general, made at the public expense. Crabb, R. P. Sec. 113. and water. Although the project has not yet reached the construction phase, a number of Whitefish whitefish: see salmon. whitefish Any of several silvery food fishes (family Salmonidae, or Coregonidae), inhabiting cold northern lakes of Europe, Asia, and North America. business people have submitted letters to the First Nation stating an interest in leasing portions of the park. The park will be opened to the general public. "Diversification Diversification A risk management technique that mixes a wide variety of investments within a portfolio. It is designed to minimize the impact of any one security on overall portfolio performance. Notes: Diversification is possibly the greatest way to reduce the risk. is something we want to bring to the First Nation," Petahtegoose says. "That may mean encouraging partnerships with companies. If we were able to put in a call centre, for instance; that would create a lot of jobs." Whitefish Lake First Nation views the multi-use business park as a long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. solution for job creation and economic growth, she adds. "This initiative is to create employment and encourage private business and entrepreneurship en·tre·pre·neur n. A person who organizes, operates, and assumes the risk for a business venture. [French, from Old French, from entreprendre, to undertake; see enterprise. in our First Nation. We envision this will create jobs, because any new ventures will require employees. Even if a business only requires one person, that is still economic development and that is what we are encouraging and supporting." The project, which is being funded by the First Nation, Indian and Northern Affairs Canada The Department of Indian Affairs and Northern Development (FIP: Indian and Northern Affairs Canada, French: Affaires indiennes et du Nord Canada, DIAND and FedNor, has been in the works for a number of years. The First Nation became proactive in their focus to create employment opportunities about five years ago when an economic development strategy was created. A consultant was hired to prepare a study which identified areas in which economic development could be fostered on the First Nation. |
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