ABB_id2059
in News Departments > New & Noteworthy
print the content item

Chuck Strahl, minister of Indian Affairs and Northern Development and federal interlocutor for Metis and Non-Status Indians, has announced a contribution to Westcap Mgt. Ltd. for a new initiative that will help Aboriginal communities establish resource and energy businesses in Saskatchewan.

The Business Ready Investment Development Gateway (BRIDG) initiative is a three-year pilot investment that will provide funding and training to Aboriginal communities in Saskatchewan to help make them business-ready.

Communities will receive support to register an economic development corporation, retain and mentor a business champion and establish proper governance procedures - readying them to take advantage of key business opportunities in the resource and energy sectors.

Businesses that are successfully established under the BRIDG initiative will continue to work with Westcap and other industry partners to identify business opportunities and source other investment capital.

"This innovative initiative is the first of its kind in Canada, and Saskatchewan is the ideal place to launch it, given the province's abundance of natural resources and alternative energy developments in hydro and wind power," says Grant Kook, president and CEO of Westcap Mgt. Ltd.

The government of Canada will provide C$3.9 million to help establish the initiative through the Major Resource and Energy Development Investments Initiative, a pilot program run by Indian and Northern Affairs Canada. These investments are designed to help Aboriginal businesses to partner in some of the most important economic developments and energy projects in the country.

SOURCE: Office of Indian Affairs and Northern Development



Hybrid Energy Innovations 2015

Trachte_id2056
Latest Top Stories

The Song Remains The Same: AWEA Says Stable Policy Can Protect U.S. Wind Investment

Although the U.S. wind industry added more than four times the amount of wind in 2014 compared with 2013, predictable policy is needed to sustain its long-term success.


High Net-Worth Investors Claim 'All Of The Above' On Energy, Renewable And Otherwise

According to a recent Morgan Stanley poll, high-dollar investors favor investment in renewable energy technologies, such as wind and solar.


U.S. Wind Power Installations Surpassed 4.7 GW Last Year, Although China Still Leads

Bloomberg New Energy Finance reports that U.S. wind installations came back in a big way from a disappointing 2013.


IRS Specifies Performance, Quality Standards For Small Wind Turbines

The Internal Revenue Service (IRS) recently issued guidelines creating safety and performance standards for small wind turbines to be eligible for the 30% investment tax credit.


Hot Times North Of The Border: Canada Tops Previous Record For Installed Wind Capacity

For the second consecutive year, Canada's wind market has bested the country's previous mark for new installations.

Hybrid Energy Innovations 2015