Business Ventures
By 1997, Adams had founded several businesses, including Kudlik Electric Ltd., Kudlik Construction Ltd., Rankin Inlet's Nanuq Inn and Ottawa's Umingmak Expediting Ltd. Adams is also president of Polar Bear Cave Investments, a company that owned the Nanuq Inn until its closure in 2003. As of 2009, Adams' company still owed approximately C$350,000 in unpaid interest to the Nunavut Business Credit Corporation, a Crown corporation. The initial loan was taken out to fund the opening of the Nanuq Inn. According to Adams, the Corporation was considering writing off the debt prior to its headquarters' relocation from Cape Dorset to Iqaluit.
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Famous quotes containing the words business and/or ventures:
“It is possible that the telephone has been responsible for more business inefficiency than any other agency except laudanum.... In the old days when you wanted to get in touch with a man you wrote a note, sprinkled it with sand, and gave it to a man on horseback. It probably was delivered within half an hour, depending on how big a lunch the horse had had. But in these busy days of rush-rush-rush, it is sometimes a week before you can catch your man on the telephone.”
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Eliphaz, one of Job’s “comforters,” to Job.