Glooscap First Nation excited to announce it is investing in the commercial lobster industry that will generate revenue for the community. As part of this project Glooscap will borrow $2,263,160 in long term debt from the First Nation Finance Authority. The loan is expected to be repaid in 10 years. More details will be made public in the future.
EXPLORE GLOOSCAP VENTURES
Financial Management System Certification (2019) | Lt. Gov. Community Spirit Award (2018) | National Economic Developer of the Year (2017)
ABOUT OUR BUSINESS
Established in 2014, Glooscap Ventures is focused on helping our Glooscap family thrive.
As a company that is 100% owned by the Glooscap First Nation community, our role is to manage community businesses on behalf of Chief and Council, with the goal of facilitating growth and increased community capacity. The profit from those businesses is reinvested in ways that enable the community and its members to become more spirited and full of life with each passing year. Every day, we put our mandate first:
"Do something today that makes our community more prosperous than it was yesterday."
Our vision and contribution extends far beyond our own community. Through our efforts at home, we are working to create a model for First Nations' economic development that honours heritage, resurrects ancient wisdom and provides case studies that other communities can learn from and follow.