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| Background |
As the designated economic and business development arm
of the Kitikmeot Inuit Association, Kitikmeot Corporation is
committed to developing a viable and stable financial base for
creating new businesses, as well as training and employment opportunities,
for Kitikmeot beneficiaries of the Nunavut Land Claim Agreement.
Not only are we 100% Inuit-owned, but more importantly,
we are working on behalf of the Kitikmeot Inuit to ensure
a prosperous future. Through the creation and management of
new business enterprises, we increase the opportunities for
regional Inuit to participate, and play a key role in the current
and future development of the Region. |
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| How We Aim to Achieve This |
| Achieving the above objective requires a multi-faceted
approach. Placing investments 'strategically' is only one aspect
of our approach. Providing leadership in developing business
capacity, and developing strong business relationships are other
elements that are required to achieve a balanced approach to
economic (and social) development. |
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| We do this by: |
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Placing investments that ensure Kitikmeot Inuit
have every opportunity to become significant stakeholders in
shaping the economic and business climate in the Kitikmeot Region; |
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Investing in, and/or developing business enterprises that will
create opportunities for Inuit throughout the Region; |
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Providing guidance to the Kitikmeot Inuit Association in the
formulation and implementation of economic development policies
and programs that may affect Kitikmeot Inuit participation in
the economy; |
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Providing the necessary leadership in developing the capacity,
both in terms of finance and skills required, to ensure that
future generations of Kitikmeot Inuit will benefit from business
opportunities in all sectors; |
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Developing and/or strengthening relationships with other Inuit-owned
corporations and economic development agencies; and |
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Developing and/or strengthening relationships with other businesses
and corporations that would result in bringing needed technical
skills and management capabilities to Kitikmeot Inuit. |
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| Our Investment Policies |
| We manage our funds with care, choosing conservative
investments that provide maximum returns. These returns represent
more than just a financial return on capital, typically providing
various training and employment opportunities for Kitikmeot Inuit.
Transfer of expertise, and management training are also benefits
which may accrue from our investments. |
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| By selectively positioning our investments, Kitikmeot
Corporation ensures that we take full advantage of economic opportunities
arising in the region. |
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| For example, mining currently offers one of the
best opportunities for Kitikmeot Inuit to create economic wealth.
By investing in opportunities which arise from mining and exploration,
Kitikmeot Corporation is able to ensure that economic impacts
do not "flow south", redirecting benefits to the Inuit,
and Inuit-owned businesses in the Kitikmeot Region. |
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Kitikmeot Corporation, primarily through its strategic
partnerships and joint venture companies, participates in a number
of industries including the provision of various services to
the mining and exploration community (underground mining development,
camp catering, explosives, manpower services, and diamond valuation),
technology, travel services, property and casualty insurance,
and a number of others. A list of our joint venture companies
is provided on this website. But We're Not All Business! Kitikmeot
Corporation takes great pride in contributing to the social development
of both Cambridge Bay, in which it's head office is located,
as well as to each of the communities in the Region that it represents. |
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| We also believe that is the strategic business
entities that we develop that we will have the greatest impact
on the social development of our Region. More specifically, it
is the training and employment opportunities that are generated
by our joint ventures, for Kitikmeot Inuit, that will have the
greatest long-term impact on Inuit social and economic development
in our Region. |
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| Sustainable Development that Respects the
Environment |
| Preserving the environment of the Kitikmeot Region
is important to us, and is a key principle that guides the positioning
and management of our various joint ventures. We recognize that
sustainable development is only possible when the natural beauty
of our pristine Arctic environment is protected. At the same
time, we seek to balance our approach against the need for a
strong economy in the Kitikmeot, and in Nunavut in general. More
specifically, in addition to respecting our environment, we want
to ensure that our youth have training and employment opportunities
to look forward to, and a strong and growing economy for the
future. |
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| For More Information |
| If you would like additional information on the
types of investments that we make, please follow the links, provided
on this website, to our joint venture companies. If you are a
'southern-based' corporation that is interested in expanding
your market in the Kitikmeot Region, and/or Nunavut, keep us
in mind. You won't find better people to work with. Contact numbers
are provided on this website, and
we would be happy to discuss your plans, and provide feedback
on how we might be able to work together. |
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