Over the past few years, we’ve witnessed an amazing surge in Indigenous economic participation across Canada. Our loan guarantee program has shown the powerful economic impacts of equity partnerships for Indigenous Nations and groups, industry, governments, and all Albertans.
In just the last year, AIOC loan guarantees have supported three transactions, welcoming 15 additional First Nations and Métis groups into our program. Since our launch in 2019, we’ve directly impacted 43 Indigenous communities across Alberta, facilitating 7 transactions and providing over $720 million in loan guarantees!
The Government of Alberta has recognized AIOC as a key player in the province’s economic strategy, recently boosting our mandate cap from $1 billion to $3 billion. This means we can support even more projects that promote economic participation for Indigenous peoples.
We’re also thrilled to see BC Hydro’s commitment to Indigenous ownership, with a requirement for at least 25% ownership by First Nations in their procurement process. As well, a significant milestone was achieved in the Cedar LNG project, majority-owned by the Haisla Nation, when it reached a positive final investment decision.
While we celebrate these incredible milestones, we acknowledge that there’s still work to be done. Access to capital remains a challenge, and ongoing support for meaningful Indigenous partnerships is vital for sustaining this momentum. Together, we can break down barriers and create a future where Indigenous voices are at the heart of Canada’s economic landscape.
Read more about these milestones and our vision for the future: https://lnkd.in/gBmy2sji
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