OHSWEKEN – September 16, 2016 – The newly formed Six Nations of the Grand River Economic Development Trust (EDT) will invest more than $3.5 million into the Six Nations community in its inaugural year.
The net-free cash flow from Six Nations of the Grand River Development Corporation’s (SNGRDC) made the release of the funds possible for all periods prior to March 31, 2016. The announcement was made on September 16, 2016.
The EDT has approved a total of 31 projects for 2016 Community Investment. The investments range from $640 to more than $1 million in the areas outlined in the Comprehensive Community Plan, Community Needs and Priorities, the EDT Distribution Guidelines, and the SNGRDC Guiding Principles. Throughout the past two months the EDT has been working diligently to review, score and prioritize the applications; each Trustee has spent in excess of 80 hours completing this process. The EDT received 46 applications with a total ask of over $8.8 million.
“The Economic Development Trust, along with the Advisory Committee, are pleased to have had the opportunity to invest in a variety of community driven projects which will serve to build our strength as Haudenosaunee along the Grand River” said Jill Hill, chair of the EDT.
Forty-two per cent of successful applicants fall under Grassroots application with a total of $72, 275.82 invested in programs and initiatives. The remaining 58 per cent of successful applicants fall under General applications with a total of $3,464,982.13 invested into the community organizations.
For a complete list of successful applicants and project totals, visit www.sndevcorp.ca/trust.