Another successful venture that Atuqtuarvik entered into is its partnership with NCC Investment Group (NCCIG). Atuqtuarvik and NCCIG started a joint venture business that consists of warehouses in Iqaluit. Over 10 years later, this joint venture called “NCC/AC Industrial Park Limited” continues to manage and run the warehouses successfully. The success of any company comes down to its ‘people’. It’s the same with Atuqtuarvik. “The Atuqtuarvik Team over the years has been dedicated and committed,” says Hick. “This can be seen in retention levels despite the competitive marketplace for employees in Nunavut. Our current seven employees have been with the company from five to 18 years. We breathe our values of Team, Integrity, Family, Learning and Culture. The dedication to the corporation also extends to our Board of Directors. Their business leadership and commitment to governance has been critical over the years. Together, with the unwavering support of our shareholder, the board and staff are always working for the success of our clients and their businesses. Our clients’ success is our success.” DIRECT INUIT PARTICIPATION IN ECONOMIC OPPORTUNITIES Since the capital for the corporation came from the Nunavut Agreement, Atuqtuarvik’s financing is earmarked for businesses that are Inuit-owned and located in Nunavut. The financing of Inuit businesses within Nunavut has helped to contribute to a more robust economy in the territory. This focus means that the capital and the benefits derived from the businesses stay within the territory. It is critical that Inuit continue to participate directly in the development of a sustainable Nunavut economy with their businesses. “When there is a strong and vibrant local economy in a community it enhances social well-being,” says Hick. “This is achieved through the employment of local community members, which brings in wages for individuals and families. It is also an opportunity to gain new skills. At a minimum, the new or expanded Inuit business in a community provides services and products to its residents. When this dynamic happens, it enhances self-determination.” Client Success Story – Canadrill 39 APR 2023 | BUSINESS ELITE CANADA
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