Economic growth in Indigenous communities in Quebec – The Government of Canada announces the renewal of the True North Treasure and Full Forestry Value initiatives

OTTAWA, TRADITIONAL ALGONQUIN TERRITORY, ON, November 26, 2021 / CNW Telbec / – The inclusion of Indigenous peoples in key sectors of the Canadian economy and Quebec savings is an important part of our post-COVID-19 economic recovery.

While the Great Economic Circle of Indigenous Peoples and Quebec takes place in Montreal, The Honorable Patty Hajdu, Minister of Indigenous Services, announced the renewal of two key strategic partnership initiatives (SPIs) that contribute to the economic self-sufficiency of Indigenous communities in Quebec, in particular the True North Treasure Initiative, with a contribution from $ 40.5 million, and Forest Full Value initiatives, with a contribution of $ 4.5 millions.

Mining is an important part of of Quebec economic growth. The True North Treasure Initiative aims to support Indigenous participation in this key economic sector by facilitating partnerships between Indigenous communities and the private and public sectors. The renewal of this initiative will help Indigenous communities build on the momentum of recent years to continue to train skilled workers, create jobs in the mining sector and develop business opportunities.

The Forest Full Value initiative aims to help indigenous communities take advantage of a growing number of forest bioeconomy opportunities by Quebec thanks to targeted investments that will enable them to develop forest resources in a sustainable way. The renewal of this initiative will help First Nations communities establish important partnerships, create jobs and improve their economic activities related to the food and energy sectors while respecting their cultures and traditions.

Estimate

“The renewal of the True North Treasure and Forest Full Value initiatives will support continued Indigenous economic growth in Quebec, more specifically in the mining and forestry sectors. I am delighted to see the projects that will be launched and the partnerships that will be built as a result of these initiatives over the next few years, as well as the benefits that this will bring to Indigenous Peoples. Quebec. “

The Honorable Patty Hajdu
Minister of Indigenous Services

“Indigenous peoples and communities play an essential role in from Canada sustainable forestry and mining sectors. The renewal of the Strategic Partnerships Initiative will provide Indigenous workers and businesses with new opportunities to expand their operations and bring continued benefits to their communities. “

The Honorable Jonathan Wilkinson
Minister of Natural Resources

Fast facts

  • In Budget 2021, the Government of Canada invested $ 36 million in SPIs to support economic development opportunities for First Nations, Inuit and Métis communities across the country.

  • The True North Treasure Initiative will enter its fourth phase of implementation with investments spanning 2022 to 2025.

  • The Forest Full Value Initiative will enter the second phase of implementation with investments extending from 2022 to 2025.

Related products

Related links

Strategic partnership initiatives
Indigenous forestry initiative
True North Treasure Initiative

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SOURCE Indigenous Services Canada

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See original content: http://www.newswire.ca/en/releases/archive/November2021/26/c4592.html

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