- Programs and Services
Click on image for a larger view.The Statement of Prime Purpose, the founding document of the M¨¦tis Nation of Ontario (MNO), identifies developing ¡°prosperity and economic self-sufficiency within the M¨¦tis Nation¡± as a key objective. ?In pursuit of this goal, the MNO, in 2008, adopted an economic development strategy. ?With funding from Ontario and Canada, the MNO retained policy, legal and tax advice to design a model based on ¡°best practices¡± and the MNO¡¯s unique needs.
Key elements of the economic development strategy:
? Debt reduction: In 2008, the MNO¡¯s new leadership inherited a substantial debt and an outdated structure for financial administration. ?Over the last seven years, the MNO¡¯s leadership reduced the outstanding debt by over 80 per cent with structured debt repayment arrangements with all outstanding creditors.
? M¨¦tis Voyageur Development Fund (MVDF): In 2010, flowing from the MNO-Ontario Framework Agreement, the MNO negotiated a MOU and 10 year, $30 million agreement with Ontario to provide equity and investment support to M¨¦tis businesses in the resource sector. ?The MVDF has achieved significant success since its inception.
? Economic Development Law: In 2014, the MNO Annual General Assembly passed the M¨¦tis Nation of Ontario Prosperity and Self-Sufficiency Law, which sets out the legal framework for the MNO¡¯s approach to economic development.
? Infinity Investments: In 2015, the Infinity Investments structures were completed, implementing the requirements of the Economic Development Law and organizing all of the MNO¡¯s economic development activity so it can be managed by a professional, independent board of directors and Chief Executive Officer.