Namgis Economic Development Corp. (“NEDC”) is owned by ‘NAMGIS FIRST NATION (“NFN”) and is all about opportunities and sustainable growth. Our mandate is to maximize the potential of commercial holdings, identify opportunities and develop new businesses for further economic growth and benefits for the NFN. Our goals are focused on employment, the environment, and profitability.

Our Team

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Our Businesses

 

ATLI RESOURCES LP

Atli Resources LP is wholly-owned by NFN established in 2005. The forestry company’s main business is to manage the forest licenses that NFN is allocated from the provincial government, or purchased, and held by the GP. Atli engages the services of Capacity Forest Management Ltd. to run its operations and Storey Creek Trading to serve as the broker for log sales.

MAMA’OMAS ENTERPRISES LIMITED PARTNERSHIP

Mama’omas means “Circle of Marine Life” and is a wholly-owned company created to manage quotas and commercial fishing licenses of the Nation. Established in 2008, Mama’omas manages the fishing licences provided by the Department of Fisheries and Oceans (“DFO”), through DFO’s Allocation Transfer Program (“ATP”) and Pacific Integrated Commercial Fishing Initiative (“PICFI”). It generates revenues from NFN fishers who lease the fishing licences.

KUTERRA LIMITED PARTNERSHIP

Kuterra LP is wholly-owned by NFN; developed to demonstrate that a land-based industry using recirculating aquaculture technology (“RAS”) was an economically viable option to open-net fish farms. The land-based closed containment fish farm, that produces Atlantic salmon with the objective of saving wild salmon, was established in 2011 and became operational on March 18, 2013.

ORCA SAND & GRAVEL LIMITED PARTNERSHIP

Under an Impact Benefit Agreement with Polaris Materials Corporation, NFN receives an annual payment based on sales for a community benefit fund and is a 12% limited partner unit holder of the company. Located near Port McNeill, British Columbia, on Vancouver Island’s northern coast, the Orca Quarry started commercial production in early 2007 and is expected to become Canada’s largest sand and gravel quarry by the time it reaches full production.

DANYAS FOREST PRODUCTS LIMITED PARTNERSHIP

Danyas is a time limited, 50-50 partnership with Western Forest Products to harvest and manage logging on defined “treaty settlement offer lands”. The partnership is set for five years and expires in 2020.

KWAGIS POWER LIMITED PARTNERSHIP

An equity agreement with Brookfield Renewable Energy for a run-of river power plant. The Kokish River hydroelectric project (known as Kwagis Power), is a run-of-river facility, that is located on north-eastern Vancouver Island, about 15 kilometres east of Port McNeill, British Columbia. NFN is 25% equity owner and, under an Impact Benefit Agreement, receives an annual payment, based on power production, for a community benefit fund.