Contribution: Entrepreneurship and Business Development
IYON KECHIKA CONTRACTING LTD
$720,000.00
Purchase Bluestone Holdings Ltd
FY 2020-21 · 2021-03-15
Summary
Purchase Blue Stone Holdings (BSH) of Watson Lake; a seller of sand, gravel, concrete and related products. Bluestone manufacturers and supplies precast and redi-mix concrete and aggregates from its Watson Lake quarry to construction projects in south east Yukon and Northern BC. This purchase will allow IKC to expand its range of construction supply and related service activities. This purchase will complement IKC’s existing construction operations. It is expected that 5 jobs will be created for local residents of Liard First Nation and Watson Lake.
Program
Entrepreneurship and Business Development
Recipient
Location
LOWER POST, Yukon, Canada
Recipient Type
Indigenous recipient
Type
Contribution
Source
Proactive Disclosure - Grants and Contributions
As published
Agreement End Date
2021-03-31
Agreement Number
2021-CN-000707
Agreement Start Date
2021-03-15
Agreement Title
Purchase Bluestone Holdings Ltd
Agreement Title (French)
Achat de Bluestone Holdings Ltd
Agreement Type
Contribution
Agreement Value
$720,000.00
Amendment Number
0
Description
Purchase Blue Stone Holdings (BSH) of Watson Lake; a seller of sand, gravel, concrete and related products. Bluestone manufacturers and supplies precast and redi-mix concrete and aggregates from its Watson Lake quarry to construction projects in south east Yukon and Northern BC. This purchase will allow IKC to expand its range of construction supply and related service activities. This purchase will complement IKC’s existing construction operations. It is expected that 5 jobs will be created for local residents of Liard First Nation and Watson Lake.
Description (French)
Acheter Blue Stone Holdings (BSH) de Watson Lake ; un vendeur de sable, de gravier, de béton et de produits connexes. Bluestone fabrique et fournit du béton préfabriqué et redi-mix et des agrégats à partir de sa carrière de Watson Lake pour des projets de construction dans le sud-est du Yukon et le nord de la Colombie-Britannique. Cet achat permettra à IKC d'élargir sa gamme de fournitures de construction et de services connexes. Cet achat viendra compléter les activités de construction existantes d'IKC. On s'attend à ce que cinq emplois soient créés pour les résidents locaux de la Première nation de Liard et de Watson Lake.
Expected Results
The increases scale of the entity will create more critical mass in heavy equipment maintenance increasing the amount of repair work done with local staff and opportunities for apprentice heavy duty mechanics to train under journeymen. The project will open up employment opportunities for Liard First Nation members and other northerners. Increased business activity will have general multiplier benefits in southeast Yukon.
Expected Results (French)
L'augmentation de l'échelle de l'entité créera une masse critique plus importante dans l'entretien des équipements lourds, ce qui augmentera la quantité de travaux de réparation effectués par le personnel local et les possibilités pour les apprentis mécaniciens de poids lourds de se former sous la direction de compagnons. Le projet offrira des possibilités d'emploi aux membres de la Première nation de Liard et à d'autres habitants du Nord. L'augmentation de l'activité commerciale aura des effets multiplicateurs généraux dans le sud-est du Yukon.
Federal Riding
Yukon
Federal Riding (French)
Yukon
Federal Riding Number
60001
Organization Code
cannor
Organization
Canadian Northern Economic Development Agency | Agence canadienne de développement économique du Nord
Program Name
Entrepreneurship and Business Development
Program Name (French)
Le fonds pour le Développement de l'entrepreneuriat et des entreprises
Program Purpose
Provides financial support to Aboriginal entrepreneurs, businesses, and commercial entities to expand their business in the three territories. It helps applicants pursue economic opportunities that benefit Aboriginal people. The fund is also intended to provide project-based support for activities that help to establish or grow Aboriginal businesses.
Program Purpose (French)
Le fonds DEE fournit du soutien financier aux entrepreneurs autochtones, aux entreprises et aux entités commerciales pour les aider à agrandir leurs entreprises dans les trois territoires. Il aide les demandeurs à exploiter des possibilités économiques qui profitent aux Autochtones. Le fonds vise également à fournir du soutien axé sur les projets dans le cadre d'activités qui contribuent à implanter des entreprises autochtones ou à les faire croître.
Recipient City
LOWER POST
Recipient Country
CA
Recipient Legal Name
IYON KECHIKA CONTRACTING LTD
Recipient Postal Code
V0C 1W0
Recipient Province or Territory
YT
Recipient Type
F
Reference Number
0780-2020-2021-Qrt4-0000102