Mi’kmaq First Nation to become majority owner of two shipyards in Nova Scotia

 The Canadian Press A First Nation in Nova Scotia is purchasing two shipyards in the province, saying the acquisitions will position the band to compete for federal contracts, including those from the Defence Department. The Glooscap First Nation recently announced it had reached an agreement in principle to acquire a majority stake in the B. Boutilier Group of Companies, which currently owns the historic Lunenburg Shipyard and the nearby East River Shipyard. “This acquisition … underscores the strength and resilience of our Mi’kmaq community and is a step forward in our journey towards economic autonomy and self-determination,” Glooscap First Nation Chief Sidney Peters said in a statement. The Mi’kmaq band says it plans to establish a subsidiary called Glooscap Defence, which will focus on making the band the largest Indigenous…

This content is for Yearly Subscription, Yearly Subscription – Corporate, and Print Subscription Only members only.
Log In Register

Add Your Voice

Is there more to this story? We'd like to hear from you about this or any other stories you think we should know about. Contribute your voice on our contribute page.