OHSWEKEN, ON – July 17, 2019 – The Six Nations of the Grand River Economic Development Trust (EDT) has been investing in the collective betterment of the Six Nations Community since September 2016. The EDT is fueled by an annual distribution of surplus profits generated by the Six Nations of the Grand River Development Corporation (SNGRDC) with over $9.4 million invested to date (approx. $3.5 million in 2016, $1.4 million in 2017, $1.7 million in 2018 and $2.5 million in 2019). SNGRDC generates these profits through three revenue streams which include 1) Nation Enterprise, which are on reserve business assets; 2) Economic Interests, which are off-reserve investments including 13 renewable energy projects; and 3) Joint Partnerships, such as A6N a utilities-based construction company.
This year the EDT is excited to announce just over $1.4 million for community investment in the 2020 calendar year. This is a result of a distribution from the SNGRDC operations in 2018/2019 fiscal year and distribution from the SNGRDC Master Trust for the 2018 calendar year.
Applications will be available on the SNGRDC website as of July 30, 2019. “The EDT is an application based trust, meaning, we will only distribute funds to applicants, if you feel a certain program or initiative deserves to receive the EDT funding, please let them know about the trust and encourage them to apply,” said Rachel Martin, Chair of the EDT.
“We also encourage all applicants to go through a pre-screening process and attend the information session,” said Martin. The Pre-screening process allows applicants to submit their applications early (until August 28 at 4pm) for initial screening by an EDT representative. An email will then be sent back to the applicant with a detailed list of what is missing or incomplete. Applicants will then have until the hard deadline of September 13 at 4pm to gather any missing documents for submission.
All completed applications are reviewed in accordance with the Six Nations Community Plan, the Statement of Community Needs and Priorities and the Economic Development Trust Distribution guidelines. Successful recipients will be announced on November 27, 2019, approved funds can be utilized between January 1, 2020 and December 1, 2020. To learn more about the pre-screening process or to get more information about the application package, applicants are encouraged to attend an information session on August 7, 2019 from 5pm-7pm at the Six Nations Tourism Building.
For more information or to view past recipients, visit: www.sndevcorp.ca/edt/
About the Economic Development Trust: The Economic Development Trust (EDT) is the mechanism in which surplus profits generated by Six Nations of the Grand River Development Corporation (SNGRDC) are invested into the Six Nations Community for the collective benefit of its members. This model of distribution was a direct result of the 2011 community engagement study “We Gather Our Voices”. The EDT will continue to invest in the Six Nations Community in future years through yearly distributions made possible by SNGRDC. Economic Development Trustees include Rachel Martin (Chair), Jill Hill, Julie A. Hill, Cathy General and Alaina VanEvery. For more information, visitwww.sndevcorp.ca/trust/
About Six Nations of the Grand River Development Corporation: Six Nations of the Grand River Development Corporation (SNGRDC) manages the Six Nations’ economic interests in 13 renewable energy projects and numerous economic development opportunities, in and around the Six Nations territory. SNGRDC’s current green energy portfolio is capable of producing nearly 900 MW of renewable energy through its direct or indirect involvement in seven solar and six wind project(s). SNGRDC is located on the Six Nations Reserve and directly employs over 140 employees through Nation Enterprise or the administration of Economic Interests projects. For more information, please visit www.sndevcorp.ca