THUNDER BAY – Business – Get set for the next issue of ๐ง๐ต๐ฒ ๐ฃ๐ฟ๐ผ๐๐ฝ๐ฒ๐ฟ๐ถ๐๐ ๐ฃ๐ผ๐ฑ๐ฐ๐ฎ๐๐ as Nishnawbe Aski Development Bank CEO Brian Davey dives into the important discussion around the allocation of funds from successful claims made by First Nations, focusing on the debate between individual and community distribution.
In this episode, Brian outlines two main narratives: Advocating for individual allocation, reflecting the historical practice of treaty annuity payments and Community infrastructure and facilities.
Brian is proposing a trust model with a 6% annual return on a $200 million claim, dividing the funds between community and individual benefits.
He also emphasizes the importance of financial literacy to prevent misuse of funds and suggests investing in profitable businesses off-reserve to generate sustained income for the community.
Donโt miss this insightful conversation on building a prosperous future!
