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Aboriginal Co-operatives in Canada - Centre for the Study of Co ...

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~ P R O V I N C I A L / T E R R I T O R I A L I N I T I A T I V E S• The Strategic Initiatives Fund (SIF) is a $6-million fund adm<strong>in</strong>istered by <strong>the</strong>Department <strong>of</strong> Economic and <strong>Co</strong>-operative Development to encourage <strong>the</strong>development <strong>of</strong> new technologies and research <strong>in</strong>frastructure <strong>in</strong> Saskatchewan.The goal <strong>of</strong> this fund is to enhance <strong>the</strong> competitiveness <strong>of</strong> Saskatchewan <strong>in</strong>dustries,as well as to develop new value-added products and processes to expand <strong>the</strong> Saskatchewaneconomy. Priority is given to <strong>the</strong> follow<strong>in</strong>g sectors: <strong>for</strong>estry, m<strong>in</strong><strong>in</strong>g, energy,value-added agriculture, <strong>in</strong><strong>for</strong>mation technology and telecommunications, and tourismand cultural <strong>in</strong>dustries. 50• The Small Bus<strong>in</strong>ess Loans Association Programme provides bus<strong>in</strong>ess developmentopportunities to <strong>the</strong> nontraditional or beg<strong>in</strong>n<strong>in</strong>g entrepreneur, and extends f<strong>in</strong>anc<strong>in</strong>gbeyond <strong>the</strong> scope <strong>of</strong> traditional lenders.• The Labour-Sponsored Venture Capital <strong>Co</strong>rporation (LSVCC) runs a programmedesigned to help employee groups and <strong>in</strong>dividuals create or ma<strong>in</strong>ta<strong>in</strong> jobs bycontribut<strong>in</strong>g to funds that <strong>in</strong>vest <strong>in</strong> small and medium-sized Saskatchewan-basedbus<strong>in</strong>esses. Once an LSVCC is <strong>in</strong>corporated by a labour association and registeredwith <strong>the</strong> department, employees and <strong>in</strong>dividuals can <strong>in</strong>vest and qualify <strong>for</strong> federaland prov<strong>in</strong>cial tax credits. The pool <strong>of</strong> capital can be used <strong>for</strong> a range <strong>of</strong> <strong>in</strong>vestments,or to enable employees to buy all or part <strong>of</strong> <strong>the</strong> company <strong>for</strong> which <strong>the</strong>y work.• The Regional Economic Development Authority Initiative encourages groups <strong>of</strong>communities to work <strong>in</strong> partnership with <strong>the</strong> private, co-operative, and public sectorsto achieve <strong>the</strong> shared goals <strong>of</strong> partnerships, co-ord<strong>in</strong>ation, organizational stability, andservice <strong>in</strong> regional trad<strong>in</strong>g areas. In Phase I, start-up funds are available on a costsharedbasis to assist <strong>in</strong> <strong>the</strong> <strong>for</strong>mation <strong>of</strong> REDAs. In Phase II, cost-shared fund<strong>in</strong>g isavailable to help established REDAs build <strong>the</strong>ir service capacity and <strong>for</strong>m partnershipswith prov<strong>in</strong>cial government departments and <strong>the</strong> co-operative and private sectors.• The Saskatchewan Opportunities <strong>Co</strong>rporation (SOCO) is <strong>the</strong> prov<strong>in</strong>ce’s economicdevelopment <strong>in</strong>vestment agency, established with a mandate to “facilitate economicgrowth <strong>in</strong> Saskatchewan through <strong>in</strong>vestment <strong>in</strong> viable bus<strong>in</strong>esses and <strong>in</strong>frastructure thatsupports <strong>the</strong> development <strong>of</strong> bus<strong>in</strong>ess.” The corporation provides a full range <strong>of</strong>bus<strong>in</strong>ess f<strong>in</strong>anc<strong>in</strong>g services <strong>in</strong>clud<strong>in</strong>g debt, contract f<strong>in</strong>anc<strong>in</strong>g, equity, and guarantees.Emphasis is on partner<strong>in</strong>g with private-sector sources <strong>of</strong> capital and on communityparticipation <strong>in</strong> projects. Investments are targeted to companies <strong>in</strong>volved <strong>in</strong> valueaddedmanufactur<strong>in</strong>g and process<strong>in</strong>g, commercialization <strong>of</strong> new technologies, and50 http://www.gov.sk.ca/econdev/welcome/progserv.shtml~ 199

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