How does NorTerra fulfill shareholder corporations’ goals?
- It provides dividends to its shareholders while at the same time creating long term wealth
- NorTerra provides direct employment to beneficiaries as well as career development and training opportunities
What does NorTerra represent to beneficiaries (Inuvialuit/Inuit)?
- Pride of ownership
- Being part of the northern transportation network has led to increased competition, lower fares, new and established northern routes such as the Kitikmeot and Qikiqtani
- Stronger supporter and participation in the community
- Demonstrates a commitment to the Inuit and Inuvialuit being key players in the development of territorial economy
How does NorTerra contribute to beneficiary self reliance/self determination?
- To build a strong, successful company that benefits the economy and people of the North
- To reverse the historic flow of economic benefit from the north to the south – ensuring that wealth wherever generated, is retained in the North for the benefit of the North
- To create employment and training opportunities for Inuit and Inuvialuit beneficiaries to build skills and capacity to support full and equal participation
What are the tangible benefits accrued?
- Dividends are returned to IDC and Nunasi which are distributed to the beneficiaries
- In addition to dividends, longer term wealth is being created
- Reduced airfares and community air service in the Kitikmeot and Qikiqtani
- Pivut fare for beneficiaries
- Increased employment and training opportunities
- Inspirational role models such as Jordin Tootoo to inspire others to achieve their aspirations
