Strategic Planning
The Board of Directors strives to provide the best management for the three corporations, while staying conscious of how our resources are used. We are stewards of these resources, managed in trust for the participants of the Sahtú Dené and Métis Comprehensive Land Agreement. View our strategic plan now. This plan idenfies the goals the board wishes to achieve and how we plan to achieve them. This plan is comprehensive, including the NWLC, NWFC and NWLC.
The Past
NWCC Business Ventures:
- Real Property Development
- Service Contracts
- Joint Ventures
Real Property Development
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Service Contracts:
GNWT - Fire Management
Year awarded: 1999 - Present
Employees: 5 full time, 2 alternates
Imperial Oil Ltd. - Marine Contract
Years Awarded: 2001 - present
Employees: 1 Superintendent,
3 Boat Captains, 4 Deckhands
Bus Contract
Years Awarded: 2000 -2005
Employees: 1 driver
Joint Ventures/Partnerships
| JV/Partner | 2005 Income |
| Canadian Helicopters | $79,050 |
| Sahtú Oil | $45,000 |
| EBA Engineering Consultants (MOU) | $7,947 |
The Present
- Revenue and Income Sources
- Capital Asset Value
- Property Owned/Developed
- Business Opportunities
revenue and Income Sources
| Source | Revenues (A) | Expenses (B) | Net Income (A-B) |
| Real Property | $204,407 | $111,997 | $92,410 |
| Service Contracts | 601,600 | 411,828 | 189,772 |
| Joint Ventures | 131,997 | 0 | 131,997 |
| Totals | $938,004 | $523,825 | $414,179 |
NWCC Capital Assets (2005)
| Description | Capital Cost | Net Book Value |
| Land | $318,812 | $318,811 |
| Buildings | 1,148,648 | 883,946 |
| Furniture & Fixtures | 25,481 | 7,826 |
| Computers | 4,807 | 775 |
| Vehicles | 34,774 | 7,727 |
| Totals | $1,532,522 | $1,219,086 |
Property Owned/Developed
Business Opportunities
Board Priorities
- GNWT 8,000 sq ft office space requirement
- NorthWright Airways Ltd. - share purchase
- NWLC office building
- Subdivision construction
- Training facilities
Other Ventures
- Schlumberger joint venture
- Construction Partnership/Joint Venture
Multi-Stakeholder Initiatives
- Retirement Home for Seniors
- Community Market
- Oil & Gas/Mineral Exploration/Development
- Town Square Development
- Training (Trades/Aviation/Executive)
- Norman Wells Recreation & Cultural Centre
- Norman Wells Youth Council
- Métis Cultural Centre/Museum
Current Projects
| Project | Estimated Cost | Finance |
| GNWT Commercial Building Development | $3,000,000 | Peace Hills Trust (Financing offer signed) |
| NorthWright Airways ltd. - share purchase | TBD | NWCC |
| Strategic Business Plan | $66,000 | $55.000 INAC/NWLC/NWCC |
| Human Resources Assesment/Planning | TBD | INAC/MACA |
| Subdivision | TBD | TBD |
| Community Market | TBD | NWLC/ITI/MACA |
| Senior Citizens Home | TBD | TBD |
Commercial Building Development
- 12,600 sq ft; 10,600 sq ft rentable office space
- GNWT 15 year lease (w 5 year renewal option) for 8,000 sq ft
- 25 GNWT offices & 1 Aurora College classroom
- Estimated occupancy date: October 5, 2007
- Estimated construction cost $3,032,000
- Includes $700,000 tenant improvements reimbursed by GNWT
- Appraisal $3,625,000
- Construction contract awarded to Taurus Construction Ltd. via tender process
- Financed by Peace Hills Trust over 15 years
The Future
- Implement a permanent NWCC Board or Committee structure
- Develop NWCC mission statement
- Human Resources Assessment (define requirements/develop employee benefit package)
- Hire NWCC Manager
Current/Interim NWCC Organizational Structure
