STC Economic Development Services supports two primary mandates for the Saskatoon Tribal Council Member First Nations:
- Generate wealth and employment opportunities through the creation or acquisition of profitable business ventures;
- Provide business advisory support for STC First Nation’s economic ventures.
STC Economic Development creates employment, business and industry partnerships to promote sustainable wealth creation for our First Nation Communities. Industry Partnerships are collaborative agreements between key industrial stakeholders in Saskatchewan and the Tribal Council that are participation-driven rather than profit-driven.
STC’s Industry Engagement Strategy was developed in response to the Truth and Reconciliation Commission’s (TRC) Call to Action, # 92-ii, which calls for, 1) equal access to jobs, training, and education opportunities in the corporate sector and, 2) long-term sustainable benefits from economic development projects.
These partnerships are based on four strategy pillars:
- Corporate Sharing/Philanthropy,
- Community Capacity Development, and
- Industry to Aboriginal Business Supply Chain Participation.
STC’s for-profit businesses are business partnerships. These partnerships are based on three fundamental principles: 1) sustainability/profitability, 2) community engagement, and 3) First Nation capacity building.
Legacy partnerships are relationships that recognize local businesses’ need to include and support Aboriginal peoples. Legacy Partners are businesses ready and willing to respond to the TRC Callsto Action.
More specifically, Legacy partnerships embrace the TRC’s Principle of Reconciliation #5: “Reconciliation must create a more equitable and inclusive society by closing the gaps in social, health, and economic outcomes that exist between Aboriginal and non-Aboriginal Canadians.”