FORT McKAY, Alberta SUNCOR ENERGY and FORT McKAY FIRST NATION have created a partnership to establish what they call a business “incubator” that will promote economic development and entrepreneurship in the community of Fort McKay.
The incubator is being designed to support entrepreneurial activities and nurture startup and early-stage businesses by helping them manage and plan for long-term success. The incubator will provide small business guidance in the areas of marketing, human resources and finance. Businesses will also have access to office services such as phone, fax and computers during their startup, a 24 to 36 month period.
Suncor Energy is providing initial funding up to $300,000 over three years, as part of its commitment to the project.
Direction and financing for the joint venture will be shared equally between Suncor and Fort McKay First Nation, with the latter operating the initiative. The project is expected to be up and running within six months; details relating to the application process will be made available once complete.
In the short-term, the incubator will be located in the Dorothy MacDonald Business Centre in Fort McKay. It is expected to move to its permanent location, Caribou Energy Park, a joint venture between Waiward Steel Fabricators Ltd. and Fort McKay First Nation, within three years.
The Fort McKay First Nation maintains a website at www.FortMcKay.com.