b'SUCCESS STORYCompare this approach to that of Taleawtxw Aboriginala non-repayable subsidy so that one quarter of the capital Capital Corporation (TACC), one of NACCAs memberborrowed was non-repayable, and also provided meaning-Indigenous Financial Institutions (IFIs). TACC understoodful business input and support.what the First Nation sought and why. So Atli ResourcesTHE IMPORTANCE OF PARTNERSHIPSAND FIRST borrowed from TACC, Jim says, notwithstanding that weNATION CONTROLpay a moderately higher interest rate. TACC also providedThe Atli Chip project brought out two themes that Jim finds important when speaking of Indigenous-owned business-es: partnerships and Indigenous control. Partnerships can bring in outside expertise and are an important form of rec-onciliation, Jim says. But any partnership must always fea-ture First Nation control. A main advantage comes back to risk: The more control you have, the less risk to you. If a First Nation controls a business entity, there is no possibility of other partners taking control and making key decisions themselves, regardless of the First Nations wishes.Bringing partners together helps ensure success of the venture and benefits for everyone involved. For Namgis First Nation, Atli Chip provides a viable way to bring in own-source revenue, potential spin-off businesses and employment for the community. For the non-Indigenous partners, there is a benefit of Indigenous ownership. As an entity that is majority Indigenous-owned, Atli Chip qualifies for financing and subsidies that its partners couldnot obtain.Its a win-win for everyone, Jim concludes. In a creative response to a penalty imposed by the government, the Atli Chip project promotes reconciliation, Indigenous self-deter-mination and prosperity all in one.Clarence Campeau Development Fund________________________________________________ ________________________________________________ EMPOWERING & INSPIRING Business Loans Business Loans Yukon Micro Loan Program Saskatchewan Mtis EntrepreneursYukon Micro Loan Program Entrepreneur & Business Development Program Entrepreneur & Business Development Program Indigenous Women Entrepreneurship Programs Indigenous Women Entrepreneurship Programs First Nation Mortgage Fund First Nation Mortgage Fund Contact us! Our programs are available for Our programs are available forYukon and Northern BC Businesses 1-888-657-4870Yukon and Northern BC Businessesclarencecampeau.com (867)668-6925 409 Black St. Whitehorse, Yukonwww.dananaye.com (867)668-6925 409 Black St. Whitehorse, Yukonwww.dananaye.com 26INDIGENOUS PROSPERITYIssue #2, 2023'