BDC Aboriginal Banking CANDO 2015: Sustainable Business Development Case Study: Helios Whitefish River First Nation LP
Joint Presentation: Sustainable Business Development > BDC Aboriginal Banking – Catherine Roque, Senior Account Manager – BDC Aboriginal Banking, Ontario Region > Whitefish River First Nation, Economic Development – Robina Kitchemokman, EDO > Helios Whitefish River First Nation LP – Jeff Scharf, President 2 Aboriginal Banking
Entrepreneurs Create jobs Build prosperity Innovate Take risks They make a difference
Impact of BDC’s clients OUR 30 30 , 000 000 CLIENTS Employ 674,000 people Generate $192B in annual revenue Generate $22B in export revenue BDC Business Centres BDC Clients 4 Aboriginal Banking
BDC Aboriginal Banking National Team 5 Aboriginal Banking
BDC Aboriginal Banking: Exclusively dedicated to Aboriginal entrepreneurs > Vision: Accelerate the success of Aboriginal entrepreneurs > Mission: Help create and develop Canadian businesses through financing, venture capital and consulting services, with a focus on Aboriginal SMEs $19.6B 2,000 70 30,000 BDC: TOTAL ASSETS YEARS EMPLOYEES CLIENTS BDC 10 $184M 350+ 19 Aboriginal ABORIGINAL ABORIGINAL Banking: ABORIGINAL YEARS BANKING BANKING CLIENTS ABORIGINAL EMPLOYEES TOTAL ASSETS 6 Aboriginal Banking BANKING
Revenue- Social Non-profits generating purpose Sustainable Traditional non-profits companies Purpose: Purpose: Social Financial 7 Aboriginal Banking
BDC Focus: Sustainable Business Development > BDC: first Canadian financial institution to receive B Corp certification; B is for “Beneficial”. > B Corps are businesses that act in ways that benefit society as a whole rather than focusing solely on making profits. > B Corps are recognized for creating greater economic opportunity, strengthening local communities and preserving the environment. > BDC supports Sustainable business, or green business: an enterprise that has minimal negative impact on the global or local environment, community, society, or economy — a business that strives to meet the triple bottom line. > BDC financing Social Enterprise: People, Planet, Profits 8 Aboriginal Banking
LEED Leadership in Energy and Environmental Design > Widely used and recognized green building standard in Canada and around the world. > In Canada, about 500 million square feet of space is certified or registered with LEED since 2004. > Many Canadian municipalities have mandated that all their future buildings meet LEED standards, including: – Halifax, Montreal, Ottawa, Winnipeg, Edmonton, Victoria & more 9 Aboriginal Banking
FINANCING Protecting entrepreneurs ’ cash flow > Working capital > Technology financing – Hardware │ Software │Consulting > Equipment line > Start-up financing > Commercial real estate > Business succession > Market expansion > Intangible assets > Buying a business > Business restructuring 10 Aboriginal Banking
FINANCING Why we are different We are a patient, flexible lender 500+ 500+ > Higher risk tolerance BDC Account Managers > Credit decisions that go beyond help entrepreneurs succeed the numbers > Terms and conditions designed to protect the company’s cash flow $ 374,000 374,000 > Loans are non-demand was the average size of our > Open to partnering with loans in F2014 other financial institutions 11 Aboriginal Banking
CONSULTING Meeting the unique needs of SMEs up to 25 25 % > Accelerate their growth > Improve their productivity (efficiency) higher sales growth for BDC clients using both financing and consulting services compared > Build their organizational capabilities to non-clients Why we are different We offer high-impact advisory services tailored to the needs of small and medium-sized enterprises 12 Aboriginal Banking
A snapshot of our clients’ industries Financing portfolio breakdown 1 Wholesale and retail Manufacturing 21% 21% 14% 14% Tourism Construction 14% 14% 13% 13% Transportation and Commercial properties 7% 7% storage 6% 6% Other industries Service industries 13% 13% 12% 12% 1 Commitment by industry sector as at March 31, 2014. 13 Aboriginal Banking
Aboriginal Economic Development > Overview of Whitefish River First Nation approach to Sustainable Business Development 14 Aboriginal Banking
Sustainable Business Development Whitefish River First Nation Robina Kitchemokman Economic Development Officer CANDO 22 nd Annual Conference October 29, 2015
What Sustainable Development Means to Whitefish River First Nation • Chief Franklin Paibomsai and Council strategically thinking about sustainable development opportunities to help us plan for today and the future • WRFN’s sustainable development practice with solar, wind, and investment projects will be shared throughout our presentation • Highlight WRFN’s practices with respect to the Limited Partnerships that we have entered into with various projects • Sustainable Development definition “only taking or utilizing what we need (presently) without compromising the ability of future g enerations to meet their own needs” – 1987 Brundland Report
Whitefish River First Nation • Population total is 1284 with on-reserve population of 458 and our off-reserve population consisting of two-thirds living off reserve. • Location Whitefish River First Nation (Reserve No. 4) is a community of Anishnawbe/Ojibway people who reside on the LaCloche peninsula in the North Channel of Lake Huron, at the north end of Georgian Bay. Is situated on Highway No. 6 approximately midway between the towns of Espanola, 32 km to the north on the mainland, and Little Current, 22 km to the south on Manitoulin Island. • Workforce percentage are unskilled, younger population are returning back to school – over the age of 40 population have been out of work, uneducated, and desires to go back to work or gain new skills to become employed • Education in 2015-2016 the Band has invested $2 million dollars towards the overall education including a local day care and elementary school both on-reserve • Financial Position overall the band is in a sound financial position to enable opportunities for investments, partnerships, which is key towards sustainable development. In fact are also looking into creating a Trust Fund.
Economic Development Strategy • Our Economic Development Strategic Plan was drafted in 2010. Funded through the New Relationship Fund. • The five-year strategy was drafted by the membership of WRFN • Community participation was key towards drafting the strategy, leading to successfully achieving and implementing 60-70 % of the goals and objectives identified in our strategy which contributed towards our recent success • Facilitated by Kenjgewin Teg Educational Institute that lead and facilitated discussions with membership through three sessions: i) Invitation to Community ii) Staff & Administration iii) Back to the Community for review and consultation iv) then it went to Leadership for final endorsement. • The tool was very helpful in steering our community towards building progress for economic growth.
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