Success through Relationships
Our Board of Directors represents each of the 14 Nuu-chah-nulth Nations in a unique alliance that promotes the socio-economic health of Indigenous entrepreneurs. Through partnership with other organizations, NEDC is able to deliver the best funding packages available to clients.
To continue to develop and grow to be the best Indigenous Corporation offering financial, banking and business development services. NEDC will play a major role in helping Indigenous entrepreneurs and First Nation communities on Vancouver Island become healthy, wealthy and socio-economically independent by seizing all existing and emerging business opportunities and building on the new economy.
The objectives of NEDC are to promote and assist in the development and establishment of new and existing business enterprises on Vancouver Island by:
- Providing commercial financing to Indigenous entrepreneurs and First Nation community-owned businesses
- Assisting in the financing of feasibility studies and in the development of a business plan for large projects
- Accessing contributions for individual and tribal enterprises
- Promoting entrepreneurship
- Assisting clients in acquiring and/or enhancing their management skills
- Improving employment opportunities for Indigenous people on Vancouver Island
- Providing clients with ongoing business and financial support
- NEDC also continues to work towards the strategic corporate goals of self-sufficiency and service expansion.
Our Guiding Principles
To assist Indigenous entrepreneurs to achieve socioeconomic independence through financial assistance and business advisory services.
Provide accessible financing
Provide financial support for business plans and feasibility studies
Provide non-repayable project funding
Provide access to business advisory services
Promote employment opportunities for Indigenous people
NEDC was incorporated in 1984 as a not-for-profit organization with the vision of assisting the Nuu-chah-nulth to achieve socioeconomic independence through the provision of financial assistance and advisory services to individuals and Nation business initiatives. In 1997 eligibility was expanded to include all Indigenous peoples on Vancouver Island. Uniquely structured as an Indigenous Financial Institution (IFI) and a Community Futures (CF), NEDC is well positioned to provide services to a wide range of entrepreneurs and community businesses.
NEDC partners with several organizations to deliver the best services to clients. Partners include the Nuu-chah-nulth Tribal Council (NTC), National Aboriginal Capital Corporations Association (NACCA), Pacific Economic Development Canada (PacifiCan), the Business Development Bank of Canada (BDC, Indigenous Growth Fund (IGF), Community Futures Association, Indigenous Women Entrepreneurs (IWE), the Primate’s World Relief and Development Fund (PWRDF), New Relationship Trust (NRT), All Nations Trust Company (ANTCO), Native Fishing Association (NFA), and Ha’oom Fisheries Society (HFS).
Success Stories from our Clients
HFN Group of Businesses
The HFN Group of Businesses is building economic self-determination for the Huu-ay-aht First Nation on the west coast of Vancouver Island with robust …
Jaiden George Photography
Jaiden George is a photographer, writer and future Hereditary Chief from the Ahousaht First Nation. With support from NEDC, he has taken his freelance …
Care Dental Hygiene
Professional Services | Campbell River
It’s unclear how many of the 31,000 dental hygienists in Canada are Indigenous. The figures are not readily available. But becoming a dental hygienist was …