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Sivunivut Economic Leakage Study
Posted 28 November 2011, 4:39 pm NST
Sivunivut was successful in obtaining funding to complete an Economic Leakage Study. The goal is to complete an economic leakage study that will help reverse the current trend of outflow of spending from North West River into the neighbouring central Labrador community of Happy Valley – Goose Bay. This study will identify specific business opportunities for North West River that would bring new businesses, jobs and wealth back into the community.

The study will:

1. Identify a list of the top ten (10) goods and services that are regularly purchased by Inuit beneficiaries and residents in the communities of North West River and Sheshatshiu and are not available within the municipal boundaries of North West River

2. Identify and estimate the total number of dollars associated with the expenditures for aforementioned products and services by sector, community, organization and type of business.

3. Identify and estimate the total number of dollars being spent by North West River/Sheshatshiu community governments, band councils and residents commuting daily for work in Happy Valley – Goose Bay based on salary data, statistical profiles, and estimated expenditures

4. Identify goods and services contracts required through aboriginal business via forthcoming hydro and mining developments

5. Present a comprehensive community economic development strategy for Inuit business development in North West River

Sivunivut would like to thank the Nunatsiavut Executive Council for approving this proposal and moving it forward. We are grateful to Aboriginal Affairs and Northern Development Canada (formerly known as Indian and Northern Affairs, INAC) for their financial support enabling us to undertake this important initiative.

Here is Sivunivut's Economic Leakage Study: Sivunivut Economic Leakage Study
 
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