The engine of economic growth is private investment, whether in capital, research and new technology, or improvements in human capital. In Canada, private sector investment outweighs public sector investment by nearly five to one. Four times as many jobs are created in the private sector. Therefore, attracting private investment is the key to the economic growth process.
The role of investment in building First Nation economies and implementing their governments is straightforward. Investment creates jobs and business opportunities. This supports further entrepreneurial initiatives by people. Ultimately, this supports more training and the development of a management cadre, which builds the fiscal capacity of government to support increasingly broad-based social improvements. It also builds towards a natural constituency for accountable, fiscally responsible government because the investment climate is enhanced.
To learn more about how Tulo can support investment, taxation and economic opportunities in your community, please contact Tulo Administrator Sarah Jules or call 250.828.9881.
