Twenty Coastal First Nations on Vancouver Island and the Sunshine and central coast have banded together to form a new investment coalition, aimed at increasing Indigenous involvement in various business enterprises.
The mandate of the new investment coalition, Iskum Investments, is “to explore economic opportunities that will create new self-generated revenues and support certainty for continued investment in B.C.”
The new investment coalition is headed by Robert Dennis Sr. (Emchayilk), former chief councillor of the Huu-Ay-Aht First Nation on Vancouver Island.
The Huu-ay-aht have invested in forestry as a means of generating own source revenue. This included acquiring a 35 per cent share in the Western Forest Products (TSX:WEF)
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