Martin Visits Membertou To Speak About $52 Million CAPE Fund

by NationTalk on September 21, 2009817 Views

September 14th, 2009

David Martin President of Bromart Holdings which owns and controls 100% of the Canadian Steamship Lines (CSL) Group visited Membertou First Nation on Monday, Sept.14. Mr. Martin meet with leadership of Unama’ki First Nations as well as Aboriginal business owners and entrepreneurs. He spoke about the $50 million Aboriginal Business Investment Fund, known as the CAPE Fund.Former Prime Minister, Paul Martin and his son David, founded the CAPE Fund in March 2009. The fund’s investors include many of Canada’s largest corporations, international foundations and private individuals. These include Canada Steamship Lines, all major Canadian Banks and insurance companies, Xstrata and more.

The Unama’ki Economic Benefits Office hosted a lunch for Mr. Martin at the Membertou Trade and Convention Centre. Martin speak to a group of 60 Aboriginal business and community leaders.

Following the lunch the Unama’ki Economic Benefits Steering Committee will meet with Mr. Martin in the Executive Boardroom to outline the recent success of the office, especially related to the Tar Ponds Cleanup project. They also discussed new economic opportunities that the First Nation Communities are pursuing.

“We invited Mr. Martin to join us here in Membertou so he can hear first hand about our success and the new economic opportunities we are now exploring,” said Dan Christmas, chairperson of the Unama’ki Economic Benefits Steering Committee. “We also want to learn about this new CAPE Fund and explore whether there might be opportunities to work together in promoting aboriginal business and entrepreneurship,”

As well as meeting with the local Aboriginal business leaders, Martin spoke to the membership of the Sydney and Area Chamber of Commerce and the Cape Breton Partnership at a special breakfast held at the Membertou Trade and Convention Centre.

“The CAPE Fund reflects an emerging era of socially responsible investing, wherein knowledgeable investors realize that goals of generating financial returns, while concurrently generating positive social impact through business investment, are not mutually exclusive but often very much aligned,” says Martin.

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