The Globe and Mail – The Fort McKay Group of Companies business portfolio generates gross revenue of about $500-million a year and creates about 2,000 jobs. Only about 5 per cent of its annual net income is derived from government transfers; the other 95 per cent is own-source revenue from business activities.
Fort McKay’s Community Well-Being Index, based on income, employment, housing quality and education, has steadily risen until it is almost as high as the average for all Canadian communities. The average after tax income for Fort McKay residents was $73,571 in 2015 – significantly higher than for Alberta ($50,683) and Canada ($38,977). This is an outstanding achievement for a First Nation whose people just a generation ago were hunters and trappers in a remote wilderness area.
Indigenous Success Stories
Business and Reconciliation (92)
Fort McKay Group of Companies
March 1, 2018Return to Previous Page
or
Continue Reading
Canada Infrastructure Bank launches new Indigenous Equity Initiative
Panel on capitalization of the Indigenous economy encourages taking time to get it right
First Nation leader provides Mi’kmaw worldview of economic reconciliation
Indigenous economy surging toward $100B, Indigenous leaders say