CANDO Presentation - FINAL

Presentation by:

Michael Watson

General Manager

Stó:lō Community Futures

Chilliwack, BC

October 27th, 2015

Mission: Building Capacity to Strengthen Aboriginal Communities

Summary of Major Topics Covered

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Aboriginal Economies – A Growing Power

Overview of the Stó:lō Economy in Stó:lō Traditional Territory – Sólh Téméxw

Stó:lō Community Futures’s Role and Mandate

Our Vision – Creating the Centre of Aboriginal Business in BC

Achieving the Vision with Modern Business and Economic Strategies

Open Dialogue and Discussion

First Nation Economy in BC

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Rapid Growth of Aboriginal Business in

Canada

4

TD Bank Special Report – June 17th, 2011

Combined income of Aboriginal households,

businesses and governments

$24 billion in 2011 Could eclipse $32

billion in 2016

Will exceed the combined Gross

Domestic Product (GDP) of the

Provinces of Prince Edward Island and

Newfoundland


Canada

5

• Owned by the Communities

• Unique business tools for Community-owned Aboriginal businesses

• Successful at bridging the gap between Community aspirations and the Private Economy

• Major economic and Business growth vehicle for many Aboriginal Communities

Aboriginal Economic Development Corporations

• Growing power from Court Decisions

• Impacts of Tsilhqot’in Decision

• Energy, Pipeline and Commodities

• Land Titles

• Impact Benefit Agreements

• Business and Employment Opportunities

First Nations are at the forefront in the boom in Resource Sectors across Canada


Canada

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From Canadian Council for Aboriginal Business (CCAB)

Studies

2006 Census – Over 37,000 Aboriginal businesses across

Canada

87% above the 1996 Census

2015 Data now being assembled, estimated over 50,000 Aboriginal

businesses across Canada


Canada

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Canada

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Rapidly increasing population with

approximately 50% of the total Aboriginal population under the

age of 25

Aboriginals are proportionally are

starting businesses at 5 times the rate of

non-Aboriginal businesses in

Canada

The Stó:lō Traditional Territory

9

Overview of the Economy of the Stó:lō

Territory

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24 First Nation Communities

56 Reserves allocated by the Federal Government

Total Aboriginal/First Nation/Métis Population: 15,000 (Est)

Largest First Nation in BC

Traditional Territory from Fort Langley to Yale, on both sides of the Fraser River, and into the United States

Major industries: Forestry, Farming, Band Business and Trade

Community Futures of BC

11

Core funding is provided by Western Economic Diversification

Community Futures was established by the Federal Government in 1986

• Assist local communities in responding to the severe economic and labour market changes they were facing

Community Futures branches are locally based, non-profit organizations overseen by a volunteer Board of Directors and various Board appointed Committees. – Bottom-up Structure

• There are 34 active Community Futures in BC, 3 of which are “Aboriginal Specific”


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A "not-for-profit" organization

Directed by a volunteer Board of Directors, of Aboriginal and Non-Aboriginal Members who are local business professionals and Community Leaders

Mandate - To provide entrepreneurial training programs, to provide lending services to qualified Aboriginal businesses and to assist in Community economic development

Embraces and celebrates Stó:lō cultural values

Creating and supporting the entrepreneurial spirit in our Communities


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2015 Winner of the Community Futures

British Columbia Award for Excellence and

Innovation

Contributes to social and economic well-being within the Stó:lō Traditional Territory

Providing business owners and entrepreneurs access to services through a range of Community economic development initiatives, business support services, and lending services

Offer full-service support centre, for Aboriginals wanting to start or expand their own businesses, with business supports ranging from financing to training programs.

Need for a New Vision

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Close proximity to major International Markets, from Vancouver, Seattle and the

Pacific Rim

Largest land holdings in the Fraser Valley – Rapidly increasing land wealth

Highly educated Aboriginal workforce

A rich entrepreneurial and cultural history in Sólh

Téméxw

Developed by the SCF Board on the Stó:lō

strengths of:

Our Vision

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The Vision of Stó:lō Community Futures is for

the Stó:lō Traditional Territory to become a

leading center of Aboriginal business and

entrepreneurial growth within British Columbia,

within five years.

Economic and Business Strategies

Supporting the Vision

16

Some of the Economic Business concepts deployed, included: (next page)

Not yet collectively deployed by any Aboriginal business organization

Drew upon key non-Aboriginal economic strategies

Founded upon Stó:lō

Drew upon the Stó:lō entrepreneurial strengths and cultural values

Economic and Business Strategies

Supporting the Vision

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Branding

Strategies

Business

Cluster

Development

Theories

Attraction

Strategies for

Aboriginal Land

Development

Grow Your Own

Business

Strategies

Stó:lō Centre for

Business

New Entrepreneurial

and Training Programs

Creating New Sources

of Aboriginal Finance

Birth of the Brand

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Branding theory well used - new phenomena for Aboriginal organizations

Used to promote Stó:lō culture, history and strong entrepreneurial spirit

The Brand becomes the unifying message

• Standards of business practice

• Create business and economic growth opportunities

As the unifying message, all activities of SCF are now linked to the Brand and its strategies

Birth of the Brand

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The STÓ:LŌ MEANS BUSINESS Brand was designed by Jason Forseth, a Seabird Island First Nation Band Member.

The water droplet in the center of the logo represents the Stó:lō (People of the River) forming two hands shaking. A universal sign

of business

On the outside of the droplet, there are two open native hands (in the position of ”Giving thanks” or “Honoring”) within two Salmon,

which represent our Stó:lō culture and traditions

The two figures on the outside edge represent the people, businesses and organizations who support us and who we do

business with

The cityscape in the lower part of the circle represents the future and growth of our businesses, seven generations into the future

Birth of the Brand

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https://www.youtube.com/watch?feature=player_embedded&v=fvUWgF2HxGM

https://www.youtube.com/watch?feature=player_embedded&v=fvUWgF2HxGM

Our New Home - Award-winning Stó:lō

Resource Centre

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Developed by Stó:lō Resource Centre Management Team – Houses Cultural, Business and Learning Facilities

Project managed by Stó:lō Community Futures

Funding negotiated from Federal Government - $7.5 million – Economic Stimulus Program

Direct Funding from Stó:lō Nation - $5 million

Building completed to Gold LEED Certification – First in all the Territory

Building opened October, 2010

Winner of major Awards, including the 2010 Federal Minister’s Award for Excellence and Innovation

Launch of a Brand – April 9th

, 2014

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Gala ceremony in Longhouse on Coqualeetza Campus

Site of major Brand Launch

Several unique features – Setting the Brand’s public image

New song by Juno nominated and Stó:lō music artist, Inez Jasper – “Go Stó:lō”, to support the Brand.


, 2014

24

Extensive Aboriginal food caterers and purveyors

Showcasing extent of food service and cuisine businesses within Sólh Téméxw,

Event announced the initial Stó:lō Micro Lending Program with Bank of Montréal: for $100,000


, 2014

25

Announced major business event sponsored by SCF – STÓ:LŌ BUSINESS MATCH.

Announced Vancity “Each One, Grow One” Training Program

Achieved extensive media coverage.

Key Aspects of the Stó:lō Economy

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Working in partnership with the Province of BC – SCF was commissioned to complete a comprehensive business survey of Stó:lō, to fully understand the Aboriginal business economy

The Survey was designed to identify the size of the Stó:lō economy and gather Stó:lō businesses intelligence

Understanding Our Businesses


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The Survey revealed that there were over 250 Aboriginal-owned businesses in Sólh Téméxw

The Survey also revealed that Sólh Téméxw is one of the fastest-growing areas of Aboriginal business concentration in the Province of BC

With the information from the Survey, the SCF website http://www.stolocf.ca became a major marketing tool for Aboriginal businesses

Incorporating database into business marketing tool, linked directly into the Aboriginal business websites and social media pages.

http://www.stolocf.ca/


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There are over 250 businesses in Sólh Téméxw, with many more being identified and new businesses rapidly being created

45% of Aboriginal businesses have

some form of Community ownership

39% of Stó:lō businesses have been in business for than 10 years; 11% have been in business more than

20 years!

STÓ:LŌ BUSINESS MATCH

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Designed to connect Stó:lō decision-makers from both the Sto:lo Communities and the Aboriginal business sector, with the private sector, to create opportunities for joint venture businesses.

Unique partnership between SCF and Raven Events

This major Aboriginal business event was held in Sólh Téméxw on October 28th and 29th, 2014

Funded by 20 private sector sponsors for over $75,000


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Over 1,000 business appointments between Aboriginal businesses and the private sector

Featured a Stó:lō cultural and business celebration at the Sumas Longhouse

Featured a diverse range of Stó:lō and Métis entertainment, and Aboriginal cuisine


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Doubling of the Micro Lending Program by the Bank of

Montréal

The new Stó:lō Community Loan Fund

jointly announced by

SCF and Vancity, for $1 million for new

Stó:lō Community

loans

Aboriginal BEST training

program funded by Vancity,

delivered in November,

2014

New PAL loan funding of

$500,000, from other BC

Community Futures offices

Major Achievements Announced:


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STÓ:LŌ BUSINESS MATCH (SBM) established six goals, five of which were achieved:

Ensuring that our Guests have

excellent experiences

MET

Honoring our

Sponsors

MET

Promoting the

STÓ:LŌ MEANS

BUSINESS Brand

MET

Achieving several

new announce-ments at

SBM

MET

Having excellent

media relations

and coverage

MET

SBM to break even financially

NOT MET

STÓ:LŌ MEANS BUSINESS – Summary of

Achievements to date

33

Unique and innovative approaches to Aboriginal business and economic development

Diversification of one of the fastest growing Aboriginal business economies in BC

Focused on the growth of new and existing Aboriginal small and medium-sized business enterprises

Major new Aboriginal/non-Aboriginal business partnerships

Significant employment growth and new job creation in Sólh Téméxw

STÓ:LŌ MEANS BUSINESS – Summary of

Achievements to date

34

Delivery of services to all Aboriginal businesses and First Nation communities throughout the major urban and rural areas of 24 First Nation Communities

Already recognized provincially and nationally as a major new approach to Aboriginal business and economic development

Extensive media coverage for STÓ:LŌ MEANS BUSINESS

The Brand is displayed with all STÓ:LŌ MEANS BUSINESS Branding strategies to develop and convey standard imaging and messaging for Stó:lō

Many aspects of the economic and business strategies deployed by SCF, can be used by other Aboriginal economic development organizations

STÓ:LŌ MEANS BUSINESS is a major catalyst for Aboriginal business growth, both in Stó:lō First Nation Communities and the larger Aboriginal business sector.

SCF Strategic Planning Committee – The

Next Steps

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Business Networking and Public Relations

• Creating business networking opportunities

• Aboriginal Business Association

• Stó:lō Business Connect

STÓ:LŌ CENTRE FOR BUSINESS

• Conducting a detailed feasibility study

• Carefully surveying the market on the exact needs and Programs for STÓ:LŌ CENTRE FOR BUSINESS

• Establishing self-sustained financing

Education and Training

• Develop businesses and entrepreneurial training programs

• Work with various universities

• Develop an entrepreneurial training centre for Stó:lō

Securing Financing for Businesses

• Developing new sources of business capital

• Securing new equity channels

• Exploring crowdfunding networks for First Nations

• Develop venture capital funds for First Nation

Mandate – To develop and implement the Strategy for achieving the Vision

STÓ:LŌ CENTRE FOR BUSINESS

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Highlights of Achievements – STÓ:LŌ

MEANS BUSINESS

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Provincial Aboriginal Business Awards from

Stó:lō Business Community

2010 – AJ Towing

2011 – Bravo Restaurant

2013 – Ts’elxweyeqw Tribe

2015 – K & L Contracting


2010 Minister’s Award of Excellence

and Innovation

2015 Community Futures BC Award of Excellent and

Innovation

Extensive Media Coverage

CBC Radio

National News - CBC French, The Globe and

Mail

Vancouver Sun

Business In Vancouver Magazine

Fraser Valley newspapers and radio

Highlights of Achievements – STÓ:LŌ

MEANS BUSINESS

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https://www.youtube.com/watch?feature=player_embedded&v=XmqoR51ePqM

https://www.youtube.com/watch?feature=player_embedded&v=XmqoR51ePqM

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Thank you!

Questions?

Mike Watson General Manager

Stó:lō Community

Futures

To find out more about the Stó:lō

business corporate story, please visit our

website

www.stolo.ca

Like Us on Facebook!

http://www.facebook.com/pages/Stolo-Community-Futures/175809639107177

CANDO Presentation - FINAL

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