Business and Economic Development
In the past, one of the challenges for economic development was that everything had to go through Indian and Northern Affairs Canada (INAC), which was a deeply frustrating process. Joint ventures were almost impossible to develop as they quickly got mired in red tape and federal policy and legal control. The post-INAC environment is extremely exciting, but it is hard to see how things will develop going forward. Now that the Nation will be in control of its own affairs, the biggest challenge will be to provide skills & employment development in addition to direct investment.
Employment with the Yuułuʔiłʔatḥ is minimal; however, as economic development grows more employment opportunities will become available. To date, the Yuułuʔiłʔatḥ are in partnership with companies such as Hittatsoo Limited Forest Company, UFN Holdings Company Ltd., Eagle Rock aggregates project, Upnit Power Corporation project and the Ucluth Development Corporation (which owns the Thornton Motel in Ucluelet). The Yuułuʔiłʔatḥ also holds a 20-percent ownership interest in the Iisaak Forest Resources Ltd. and Mamook/Coulson Forestry Ltd.
Read more about this topic: Ucluelet First Nation
Famous quotes containing the words business, economic and/or development:
“Is there something in trade that dessicates and flattens out, that turns men into dried leaves at the age of forty? Certainly there is. It is not due to trade but to intensity of self- seeking, combined with narrowness of occupation.... Business has destroyed the very knowledge in us of all other natural forces except business.”
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