Jan 24 2024 60 mins 3
Membertou, An Indigenous Economic Model of Success
In this episode of the Insights Podcast, we have an inspiring conversation with Terry Paul, the long-term Chief of Membertou First Nation (celebrating his 40th Anniversary as Chief this year). Chief Terry is a residential survivor who was recently named as one of Canada's most admired CEOs. He has helped develop the Membertou Model of economic development to improve his community. Membertou is part of the Mi'kmaq Coalition of seven First Nation communities who purchased 50% of Clearwater Seafoods in 2020 with Premium Brands of BC. Last year Membertou generated $80 million in revenue and has created 600 jobs in a community with 1,850 members (including those living outside the community itself). In the last ten years alone, Membertou has spent $91 million in capital investments in the community. It continues to expand its fishery operations and is the major owner of two wind farms that will be developed to support EverWind's green energy project. The ambition and success of Membertou is clearly a model for other indigenous communities across Atlantic Canada.
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