Cree Regional Economic Enterprises Company Inc. (CREECO) Named Aboriginal Economic Development Corporation of 2022

Celebrating 40 years of exploiting employment and development opportunities on the Cree territory

Toronto, ON, March 09, 2022 (GLOBE NEWSWIRE) — The Canadian Council for Aboriginal Business (CCAB) is pleased to announce that Cree Regional Economic Enterprises Company Inc. (CREECO) is the 2022 recipient of its National Society Award Aboriginal economic development.

CREECO has continuously made significant contributions to the development of the Crees and represents the Cree communities of Quebec. Incorporated in 1982, CREECO is a wholly owned subsidiary of the Cree Nation Government which acts through the Compensation Commission. CREECO is involved in many economic sectors and its subsidiaries are committed to profitability, longevity, stability, services to the Cree communities, autonomy and self-sufficiency, leadership, transparency, employment for the Crees and finally, Cree participation in areas of administration. and development.

“Celebrating forty years since its inception, CREECO continues to grow,” said CCAB President and CEO Tabatha Bull. “They are an inspiration and their perpetual search for new opportunities to build strong communities and economic independence is a testament to their dedication to a thriving Aboriginal economy.

The Cree Nation of Northern Quebec is made up of nine communities. Approximately 20,000 people combined inhabit this area. With a mandate to exploit employment and development opportunities in the Cree territory, CREECO was created in 1982. With several wholly owned subsidiaries and joint ventures established, profits are redistributed to communities in the form of dividends, members of the community are their shareholders.

“We are honored to receive such a prestigious award, especially as CREECO celebrates forty years of business and economic development,” said CREECO President Derrick Neeposh. “Our group of companies remains diversified to adapt to ever-changing economic conditions in order to remain profitable and generate revenue for the greater benefit of our Cree Nation. Our success is partly due to collaborations with communities through joint ventures, as well as the dedication of all our employees. We will continue to aim higher to generate wealth and employment for our employees, while striving for excellence in customer service, quality meals and safety. We believe in continuously exploring other opportunities and partnerships in real estate development and sustainable energy in order to further diversify our portfolio to access other income, potential new jobs, as well as training for indigenous communities.

CREECO businesses include Air Creebec, Cree Construction, Valpiro, Gestion ADC, Eeyou Eenou Realty Properties, Quality Inn, Suites Val d’Or and more, while also being involved in the mining and renewable energy sectors. These companies and others contribute to the development of employment, training and income of the Nation. Their latest project expands the company into the real estate world with a $100M 26-story tower on Robert Bourassa Boulevard in Montreal, QC, which is under construction.

“Rio Tinto is very pleased to partner with the CCAB as a sponsor of the 2022 Indigenous Economic Development Corporation Award and to recognize Creeco’s leading role in harnessing development opportunities for the Cree Nation,” said said Ivan Vella, CEO of Rio Tinto Aluminum. “As we continue our journey of reconciliation, we are fully committed to leveraging our business to create sustainable jobs, local procurement and sourcing opportunities for Indigenous peoples in Canada.

CCAB will present this award at the East Coast Business Forum, a hybrid event, in Halifax on April 28.

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About the Canadian Council for Aboriginal Business: The CCAB is committed to ensuring the full participation of Aboriginal peoples in Canada’s economy. As a national, non-partisan association, its mission is to promote, strengthen and enhance a thriving Aboriginal economy by fostering business relationships, opportunity and awareness. CCAB provides knowledge, resources and programs to its members to cultivate economic opportunities for Indigenous peoples and businesses across Canada. For more information, visit www.ccab.com.

CONTACT: Alannah Jabokwoam Canadian Council for Aboriginal Business ajabokwoam@ccab.com