Governance at Six Nations Economic Development Corporation to be reviewed

Six Nations of the Grand River Economic Development Corporation logo. Logo provided to CKRZ.
CKRZ - 100.3 FM - CKRZ - OhswekenON | 02-11-2022
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Six Nations of the Grand River Elected Council and Six Nations of the Grand River Development Corporation (SNGRDC) have announced that they will be collaborating on a review of the governance model of SNGRDC.

The current governance model has been in place since the SNGRDC launched in 2015.

The model has enabled SNGRDC to contribute over $160 million in "direct economic impact" to the Six Nations community and over $18 million in cash allocated to the Economic Development Trust, according to the organization.

SNGRDC’s current model consists of three boards comprised of 15 community members. After seven years of success under the model, the Elected Council and SNGRDC have agreed it is in the best interest of the community, and the best business practice, to review what is working and what can be improved.

Ultimately, the goal is to adjust whatever is needed to enable SNGRDC to achieve its long-term goal of promoting economic self-sufficiency for the Six Nations community.

“We look forward to working with the Elected Council to solidify a new path forward in our relationship," Matt Jamieson, president and CEO of the SNGRDC says. "This collaboration will be an exciting opportunity to work together to unlock the full economic potential of our community and empower SNGRDC to continue its pursuit of Autonomy 150 by 2030. We are in the early stages of discussions and are committed to upholding our values of accountability and transparency while we move through this process together.”

Six Nations Elected Chief Mark Hill echoed a similar sentiment on the collaboration.

“We are pleased to be collaborating with the Development Corporation to assist in their review of their governance structure," Hill says. "The work they have done since 2015 to bring millions of dollars of revenue into the community and to raise Six Nations’ economic profile is to be commended. This restructuring will further enhance the Development Corporation’s business operations and Elected Council looks forward to partnering with SNGRDC for the betterment of our community for many years to come.”

The SNGRDC manages the Six Nations’ economic interests in 20 renewable energy projects and numerous economic development opportunities in and around the Six Nations territory.

An average of 140 employees are employed by the SNGRDC through Nation Enterprise or the administration of Economic Interests projects.

SNGRDC and the Elected Council plan to launch a new model by April 2023.

For more information, visit the SNGRDC website.

Listen to the CKRZ update below: