Skip to main content

“I am a Canadian, free to speak without fear, free to worship in my own way, free to stand for what I think right, free to oppose what I believe wrong, or free to choose those who shall govern my country. This heritage of freedom I pledge to uphold for myself and all mankind.” ~~ John G. Diefenbaker

First Nations Major Projects Coalition’s policy concept for a revolving loan facility receives endorsements by the BC Chamber and Vancouver Board of Trade


As part of a response to the economic impacts of COVID-19, the First Nations Major Projects Coalition (FNMPC) submitted a policy paper to the BC Government calling on the province to establish a revolving loan facility to foster greater access to capital for equity investment in major projects by Indigenous communities. 
 
This week, FNMPC’s policy concept received endorsements from the Vancouver Board of Trade and the BC Chamber of Commerce as part of their independent recommendations to the BC Government on economic recovery.
 
Vancouver Board of Trade 
The First Nations Major Projects Coalition has proposed a Revolving Loan Facility, which would utilize the existing strength and safeguards of the First Nations Finance Authority to provide low-cost capital for equity participation in projects affecting First Nations’ traditional territory.

We recommend that the Province consider this proposal, in conjunction with the private sector and other orders of government, to provide greater access to affordable capital to enable broader Indigenous participation in the economy. 

Click here to read the full report


BC Chamber of Commerce 

Indigenous economic reconciliation is an important part of the overall reconciliation conversation. Economic reconciliation will provide wealth and opportunity – which in turn, provides greater security for Indigenous peoples and their communities.

While there are many paths forward that can achieve greater economic reconciliation, the BC Chamber wants to lend its voice to one idea in particular: The First Nations Major Project Coalition’s ‘Revolving Loan Facility to Support Increased First Nation Participation in Major Resource Projects.’
 
The BC Chamber believes the loan facility will:

  • Support immediate economic recovery by helping First Nations finance shovel-ready and investment worthy, profitable projects;
  • Create short term regional economic ‘spin off’ benefits as First Nations invest the revenues generated into local needs;
  • Establish, for the first time in BC, broad-based financing support for First Nations’ equity participation in major resource and infrastructure projects;
  • Contribute to the BC Government’s established commitments to the implementation of initiatives consistent with the spirit and intent of the Declaration on the Rights of Indigenous Peoples Act;
  • Require minimal administrative burden.

Click here to read the full report
 

“We are pleased to have the support of the BC Chamber and the Vancouver Board of Trade with respect to this important policy initiative. The revolving loan facility proposal is a First Nation led concept designed to efficiently and effectively address historic barriers faced by our communities in accessing capital for equity participation in major projects taking place on our lands”.  

“Our proposal builds on the frameworks that are already in place through the First Nations Finance Authority, providing greater access to low-cost capital for our communities,” stated Chief Sharleen Gale, Chair of FNMPC’s Board of Directors  
 
To obtain a copy of First Nations Major Projects Coalition’s revolving loan facility, please email executivedirector@fnmpc.ca


 

Chief Sharleen Gale
Chair of the FNMPC

Comments

Post a Comment

Popular posts from this blog

GORDON F. D. WILSON: When The Trick Masquerades as The Treat

Thirty-seven years ago, Halloween 1987, I became the leader of the BC Liberal Party.   British Columbia was badly polarized. Social Credit held one side and the NDP the other. It had been twelve years, 1975, since Liberal MLAs Garde Gardom, Pat McGeer, and Alan Williams had walked away from their party to join Social Credit, one year after the lone Progressive Conservative MLA Hugh Curtis had abandoned his party to sit with Bill Bennett, the son and heir apparent to long-serving BC Premier, WAC Bennett.   An unwritten agreement by the biggest Canadian political shareholders, the federal Liberals and Conservatives, decided that if British Columbia was to remain a lucrative franchise from a revenue perspective, they couldn’t risk splitting the electoral vote and electing the real enemy, the NDP, so no resources would be used to finance either a Liberal or Conservative party provincially.   “There are two sides to every street,” I was told by a very prominent Canadian businessman who cont
Post a Comment
Read more

FORSETH: As a BC Conservative member, and campaign worker, I will again state that the fact these errors were found -- AND brought to light BY Elections BC -- shows the system IS working

Sadly, two and a half weeks after the BC provincial election campaign, those who want to undermine our political process are still at.  PLUS, we also have one who doesn’t even live in our country, never mind our province. I speak of the buffoon running for President of the United States, who has poisoned the well when it comes to faith in the electoral process. Just today alone, comments such as the following, were being made of posts that I shared online: ... all the votes they keep finding has just favoured NDP on in all critical ridings and soon they will flip another riding in favour of NDP, Come on. ... Elections BC has ridiculed British Columbians, and I no longer have confidence or trust in their process and competence regarding the results Then there are others online, with comments like these – who are claiming fraud in the October 19th election: ... Who is the oversight for Elections BC? They should be investigated for election fraud! ... Fraudulent election ... should be red
Post a Comment
Read more

“With the talent and dedication of this caucus we will hold David Eby to account for his government’s out of control spending and ongoing failures in healthcare, public safety and addictions" — John Rustad

Today, John Rustad, Leader of the Conservative Party of British Columbia, proudly unveiled his shadow cabinet, a dynamic team of talented individuals ready to hold David Eby’s disastrous government accountable and present a strong alternative vision for British Columbia. “ Our shadow cabinet is a diverse and experienced group, committed to restoring prosperity, public safety, and affordability for every British Columbian ,” said Rustad. “ With experts in every field, we are focused on delivering real solutions for the challenges our province faces .” Rustad emphasized the historic appointment of Aaliya Warbus as House Leader. The shadow cabinet reflects the Conservative Party’s vision to build a brighter future for British Columbia. The appointments are as follows: Leadership Positions : Aaliya Warbus – House Leader Bruce Banman – Whip Sheldon Claire – Deputy Whip Portfolios : Tony Luck – Municipal Affairs and Local Government Sharon Hartwell – Rural Communities and Rural Development I
Post a Comment
Read more

Labels

Show more