Local. Business. Intelligence. July 5–11, 2011 • Issue 1132
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Alloys and aerospace: The battle for beryllium
Creating wealth with stealth 3
Local engineering company opens top-secret facility near Boston to tap global defence-sector market opportunities created by high-tech metal casting expertise: 5
Bike lanes blasted – again 4 Port Gateway closed 6 Insider trading insights: Who bought what, when 9 Ebb and flow of B.C.’s waterfront real estate market 10 Forest sector’s high-tech survival plan 15 Executive team building 20 Why riot responsibility resides in high places 28
Lara Kozan and YYoga’s positive revenue positions 31 Biggest forest companies in B.C.
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dominic schaefer
Postal strike stopped too early 29
Seyem’ Qwantlen business group director Brenda Fernies: business development opportunities are flowing to the band from “all directions”
with this issue
Rise in aboriginal enterprise
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>Kwantlen First Nation rekindling historic business acumen with launch of four new companies >Growing purchasing power is arming B.C. aboriginal bands with the economic muscle needed to establish development arms
Business in Vancouver Issue 1132
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By Joel McKay
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t might not be the largest band in the Lower Mainland, but Kwantlen First Nation is harnessing the rising tide of aboriginal purchasing power to revive its business spirit. A year ago the band, which has 200 members and six reserves spread between Fort Langley, Maple Ridge and Mission, was developing ideas about how best to capitalize on its lands and resources. Earlier this year, those debates turned into a reality when the Kwantlen launched four companies, collectively known as the Seyem’ Qwantlen Group of Companies, that reached into half a dozen different business sectors to
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re-ignite the band’s entrepreneurial history. “The Lower Mainland is bursting at its seams … and it’s encroaching now on reserve lands where people want to do business with First Nations,” explained Brenda Fernie, director and corporate secretary of the Seyem’ business group. Unlike larger bands that have been able to capitalize on valuable Vancouver and waterfront landholdings, the Kwantlen are just beginning to feel a rush of demand as development moves east. With only 200 members, the Kwantlen have struggled to rekindle the long lost business spirit that allowed them to become a key trading partner with the Hudson’s Bay see EDCs, 6
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