It is with great pleasure that I present you with the special edition newsletter on Economic Development. The purpose of this newsletter is to provide you with an update on the recent developments and advancements within the area of Economic Development. The purpose of this report is also to provide you with an introduction to the First Nations “Economic Action Plan” aimed at bringing stability and profitability to the Economic Development program.
One of the major developments within Economic Development has Limited Partnership (LP). AC Developments LP is an entity formed specifically for the purpose of managing and overseeing the business and economic enterprises of Ahtahkakoop Cree Nation. The impact of this structural change results in Economic Development operations and authorities being transferred from Administration to AC Developments LP. The implementation of this change also results in my employment title with the Band being changed from Director of Economic Development to Chief Executive Office (CEO) of AC Developments.
As CEO of AC Developments, it is my responsibility to ensure that the day to day operations of the First Nation’s business enterprises are managed in a prudent and proficient manner. It is also my responsibility to work with the Board of Directors on expanding and enhancing operations bringing new investment opportunities to the First Nation.
The approach taken to achieve this mandate has been first to focus on becoming “business ready” by ensuring we have the proper authorities, structures, and processes in place to make sound business and investment decisions. Secondly, the approach has been to work on building a strong management team that has the necessary capacity, work ethics, and overall determination to make our program a success.
I am confident that the First Nation is on the right track towards making our community become self-sufficient. The efforts we are making today in strengthening and enhancing our operations will lay the foundation by which we as an organization can build wealth and create opportunities for the benefit of our community and people.
These are truly exciting times for Economic Development. The overall economy and prospects for our community is looking very bright. Eminent settlement of the First nations Treaty Land Entitlement (TLE) will substantially broaden our economic opportunities and investment capacities within Economic Development.
In closing, I would like to say thank you to everyone who has supported and continues to support our local business establishments. Your continued patronage is greatly valued and appreciated. Together we can make a difference.
CEO – AC Developments