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

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A P P E N D I X B : T H E P O L I C Y E N V I R O N M E N T ~<strong>the</strong> development <strong>of</strong> a resource, or <strong>the</strong> mill<strong>in</strong>g or o<strong>the</strong>r process<strong>in</strong>g <strong>of</strong> a resource <strong>in</strong> <strong>the</strong>Yukon. “Resources” <strong>in</strong>cludes m<strong>in</strong>erals and energy, agriculture and aquaculture, <strong>for</strong>estryand silviculture, <strong>the</strong> freshwater fisheries, and tourism. Expenditures that are eligible <strong>for</strong>assistance <strong>in</strong>clude extensions <strong>of</strong> <strong>the</strong> current electrical grid, alternative energy sourcegeneration, diesel generation, and heat-recovery <strong>in</strong>frastructure. 87Exist<strong>in</strong>g Federal-Territorial Partnerships• The Yukon Venture Loan Guarantee Programme is an <strong>in</strong>itiative between <strong>the</strong> YukonGovernment’s Department <strong>of</strong> Economic Development and <strong>the</strong> Bank <strong>of</strong> Montreal,<strong>the</strong> Bank <strong>of</strong> Nova Scotia, <strong>the</strong> Bus<strong>in</strong>ess Development Bank <strong>of</strong> <strong>Canada</strong>, <strong>the</strong> CanadianImperial Bank <strong>of</strong> <strong>Co</strong>mmerce, Dana Naye Ventures, <strong>the</strong> Royal Bank <strong>of</strong> <strong>Canada</strong>, and <strong>the</strong>Toronto Dom<strong>in</strong>ion Bank. This programme guarantees loans <strong>for</strong> new bus<strong>in</strong>ess start-upsor expansions <strong>of</strong> bus<strong>in</strong>esses registered <strong>in</strong> <strong>the</strong> Yukon and pay<strong>in</strong>g Yukon corporate taxesthat have, or project to have, less than $5 million <strong>in</strong> gross revenues and fewer thanone hundred employees. Guarantees run from a m<strong>in</strong>imum <strong>of</strong> $10,000 to a maximum <strong>of</strong>$100,000. The guarantee level is 65 percent <strong>of</strong> <strong>the</strong> venture loan, pr<strong>in</strong>ciple only, andbased on <strong>the</strong> net loss <strong>of</strong> <strong>the</strong> venture loan. 88• The Yukon Geology Programme is a jo<strong>in</strong>t venture between <strong>the</strong> geoscience staff<strong>of</strong> DIAND and <strong>the</strong> M<strong>in</strong>eral Resources Branch <strong>of</strong> <strong>the</strong> Yukon Territorial Government.Its mandate is to promote susta<strong>in</strong>able m<strong>in</strong>eral resource development and management<strong>in</strong> <strong>the</strong> Yukon Territory through <strong>the</strong> development <strong>of</strong> a modern geoscience database.Current projects <strong>in</strong>clude Bedrock Geological Mapp<strong>in</strong>g, Metallogenic Studies, PlacerStudies, Geophysics, M<strong>in</strong>eral Resource Assessments, Geochemistry, and EnvironmentalGeology.87 http://www.economicdevelopment.yk.ca/programmes_and_services/Economic_Development_Services.asp88 http://www.economicdevelopment.gov.yk.ca212 ~ M C P H A I L

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