HOW WILL FIRST NATIONS BECOME ECONOMICALLY SELF SUFFICIENT AFTER SO MANY YEARS OF DEPENDENCY UNDER THE INDIAN ACT?
The BC treaty process is designed to allow First Nations the opportunity to develop skills and build economic opportunities as they work towards a final treaty. Through interim measures agreements, First Nations may develop the human resources and economic infrastructure needed to become economically self sufficient. Under current Indian Act regulations, it’s extremely difficult for First Nations to acquire business loans. The Harvard Project on American Indian Economic Development, a 13-year study of indigenous nations in the United States, found economic success is closely linked to the power to make decisions. Treaties will stimulate aboriginal business development, which will benefit all British Columbians. A 1996 KPMG Report estimated that concluding treaties in BC will create a net financial benefit of between $3.9 billion and $5.3 billion and between 7,000 and 17,000 jobs over the next 40 years.
Related Questions
- How many First Nations hold elections under the election provisions of the Indian Act? By what other means can First Nations hold their elections?
- HOW WILL FIRST NATIONS BECOME ECONOMICALLY SELF SUFFICIENT AFTER SO MANY YEARS OF DEPENDENCY UNDER THE INDIAN ACT?
- How did the Indian Act intrude/restrict the individual/collective rights of First Nations people?
