Our core beliefs and most important values
Established in 2019
Naotkamegwanning Business Corporation is a for-profit economic development corporation, established in 2019.
Naotkamegwanning Business Co develops opportunities for economic development for the benefit of community members in the short and long-term. The business corporation is wholly independent from Chief & Council—strategically led by a Board of Directors and Chief Executive Officer (CEO). Naotkamegwanning Business Co strives to create conditions that support business development, job creation, and shared platforms that work in tandem with each other to honour the history and heritage of the Ojibway people while recognizing the needs and aspirations of community members living in modern society.
In Collaboration with Naotkamegwanning First Nation
Led by Chief & Council, the economic development office will continue to lead strategic initiatives related to training, infrastructure, skills development and community economic development (eg. fisheries, not-for-profit community ventures, etc).
Intake & Assessment
Business ventures must meet certain criteria and benchmarks. To meet the rigorous standards set by Naotkamegwanning First Nation, entrepreneurs interested in starting a new business, under the umbrella of the for-profit corporation, will be asked for the following:
- Business Plan
- 2 to 3 year financial projections
- Full work-up for analysis by business development committee members (including business leaders, accountants and lawyers), to be completed after a review of the business plan and financial projections
Not all ventures will move from the initial “intake and assessment” phase. We will act in good faith and in accordance with best practices, adopted by for-profit economic development corporations across the country, in Indigenous and at times non-Indigenous communities.
How we work
Naotkamegwanning Business Co looks at new business opportunities and trends. Are you an entrepreneur? Do you have an idea? Are you interested in starting your own business? We are here to help.
Naotkamegwanning Business Co can provide assistance with start-up funds, repayable loans, mentorships and business planning. We can help you get your business on its feet.
Economic Plan: 3 Key Pillars
- Strong and revitalized communities
- Shared prosperity
- People are skilled, adaptable and have access to lifelong learning
The economic plan will be better defined by a Just Transition Policy to help share and coordinate the work of transitioning business ventures and capital assets under the umbrella of the Naotkamegwanning Business Co to a low emissions economy.
The Naotkamgewanning Business Co is the lead economic development corporation responsible for coordinating the economic strategy and priority plan in five key sectors:
- Land and Resource Use
- Growing the Food and Beverage Sector
- Digital Economy
- Cultural Sector
- Ojibway Economic Development
Board of Directors
Our Board of Directors set our strategies and monitors our performance. The Board has experience in business, investment, economic and community development: Helping to ensure the Naotkamegwanning Business Co provides the right support for community members, both on and off reserve.
Delores Day | Chair
Dee Lysak | CEO, non-voting member
Delores Day | President
Biography for Delores Day
Rex Paypompee | Treasurer
Biography for Rex Paypompee | Treasurer
Biography for Brady Chandler
Biography for Chelsea Paypompee
Biography for AJ White
Dee Lysak | Acting Secretary
Dee Lysak | Acting Secretary
Message from our CEO, Dee Lysak
I am proud to lead the business corporation with innovation and adaptability, working collaboratively with the Board of Directors to make impactful change in the community of Naotkamegwanning First Nation, here on the eastern shores of Lake of the Woods.
The Naotkamegwanning Business Co is committed to growing the economy, developing new business opportunities and supporting a shared prosperity for all. At the heart of economic development is putting people first. This is made more possible by focusing on improving the well-being of community members by supporting our economy to become more productive, resilient, and sustainable.
We use our knowledge and skills in grants management, mining, tourism, digital technology, communications, marketing, SMEs, and other priority sectors to support economic development.
“The single biggest thing I learned was from an indigenous elder of Cherokee descent, Stan Rushworth, who reminded me of the difference between a Western settler mindset of “I have rights” and an indigenous mindset of “I have obligations.” Instead of thinking that I am born with rights, I choose to think that I am born with obligations to serve past, present, and future generations, and the planet herself.”