delivering financing for their economic development, conservation, and stewardship priorities. "We are transitioning our operating model to find new sources of investment capital and continue offering services to support First Nations in achieving their goals,” says Adra. “Collaboration with First Nations to share knowledge on project development, investment strategy, and community well-being outcomes is a key initiative.” Balancing economic development with environmental conservation is a core principle of Coast Funds. "We were created to demonstrate that community prosperity and ecological stewardship are interconnected," says Adra. "Our model includes both up-front financing for First Nations to invest in sustainable businesses and economic development, as well as long-term funding for stewardship and Guardian programs." This approach has led to the creation of nearly 1,300 jobs and over 130 businesses, attracting an additional $306 million in investment, and supporting nearly 400 research and habitat restoration projects. Key initiatives in the strategic plan that support First Nations' leadership and self-determination include empowering First Nations to make decisions about which projects and programs to invest in. "Funding is managed through an allocation model, so First Nations aren’t in competition with one another and Eddy Adra, CEO of Coast Funds. (Credit: Coast Funds) 70 SEPT 2024 | BUSINESS ELITE CANADA
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