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




Trachte Inc._id1770
Latest Top Stories

Senate Passes Tax Extenders Bill With Wind PTC Extension

The legislation, which passed in the U.S. House earlier this month, will renew the critical production tax credit through the end of 2014 - giving developers only about two weeks left to start construction.


Transmission Study Shows Nebraska Could Handle A Lot More Wind Power

A new report released by the Nebraska Power Review Board finds that the state already has enough infrastructure to accommodate at least 2 GW of additional wind generation.


Can Wind Energy And Birds Coexist? Environmental Group Says Yes

The Environmental Defense Fund, a supporter of responsible wind energy development, points out ways to help mitigate impacts of turbines on birds and bats.


Another Study Finds Wind Turbines Do Not Affect Nearby Property Values

Research conducted by the University of Guelph focused on regions in Ontario, and the conclusion echoes that of previous studies.


Too Little, Too Late? U.S. House Approves Wind PTC Extension

The U.S. House of Representatives has passed a tax extenders package that would renew the wind production tax credit (PTC) and about 50 other expired tax breaks through 2014. The wind industry argues the short-term fix is virtually no fix at all.

Hybrid Energy Innovations 2015