The Government of Canada encourages First Nations entrepreneurship and economic development
November 29, 2017 Hornepayne, ON Indigenous and Northern Affairs Canada
Today, the Honourable Jane Philpott, Minister of Indigenous Services, congratulated Wahkohtowin Development GP Inc., a First Nations owned corporation, as they celebrate acquiring equity in Hornepayne Power Inc.
In addition, Wahkohtowin Development GP Inc. will enter into a joint venture with Magwayyawk Forestry Services Limited Partnership to establish a trucking company that will transport the supply for Hornepayne Power Inc.’s operations.
These ventures will create employment and generate revenues for the Chapleau Cree, Brunswick House, Missanabie Cree and Pic Mobert First Nations.
“These ventures will have a significant and favourable impact on Chapleau Cree, Brunswick House, Missanabie Cree and Pic Mobert First Nations. It is with great pleasure to send my congratulations and I wish them much success on their endeavours.”
The Honourable Jane Philpott, M.D., P.C., M.P.
Minister of Indigenous Services
“We are very pleased to have the Government of Canada’s support on what is a long-term investment that will have impactful and long-standing economic benefits. This is an important step toward full First Nation participation in both the forestry and forest management sectors. The partner First Nations, including Missanabie Cree, Chapleau Cree and Netamisakomik Anishinabek (Pic Mobert) First Nations, will hold their interest in the venture through the newly-formed Northeast Superior First Nations Investment Limited Partnership.”
David Flood, General Manager
Wahkohtowin Development GP Inc.
Wahkohtowin Development GP Inc. is a wholly-owned corporation by Chapleau Cree, Brunswick House, Missanabie Cree and Pic Mobert First Nations.
Hornepayne Power Inc., located in Hornepayne, Ontario, is a green energy cogeneration facility that uses sawmill and logging wood by-products to generate electricity for Ontario’s provincial power grid, and steam heat for the nearby sawmill and kiln operations.
The federal government provided $1 million to support this project through the department’s Community Opportunity Readiness Program. This program addresses the financial needs of First Nation communities in their pursuit of, and participation in, economic opportunities
For more information, media may contact:
Office of the Honourable Jane Philpott
INAC Media Relations
Indigenous and Northern Affairs Canada
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