Millbrook and DTZ sign deal promoting lands at Power Centre
|Alex Cope Barry Gloade Lloyd Johnson sign Agreement with DTZ Barnike|
To all Band Members
Over the last 10 years the Band has evolved from a time when most of its operating revenue was contributed by government ($12 million of $21 million in total revenue in 2001) to self-funding almost 65% of its annual Band administrative and operating expenses. In 2011, $16 million of the $25 million annual budget is self-generated from business enterprises and gaming revenue.
The Power Centre has been an integral part of our economic development and success! It is with this in mind that we on behalf of the Band, signed a deal with DTZ-Atlantic Region- a world recognized commercial real estate organization who will work closely with the Band Administration and Council in furthering our goals in attracting the very best clients in our efforts to create a destination area. We must strategically differentiate ourselves from the neighborhood shopping destinations like Dartmouth Crossing and Bedford Commons. The Power Centre is structured in two phases on 68 acres of fully-serviced property on highly viable land along the 102 Highway just outside Truro. It has evolved into a location attracting hospitality and retail operations. The Power Center was developed with determined planning beginning in 1993 with land assembly and initial approvals and regulation.
Millbrook First Nation is the most successful First Nations Band operation in Atlantic Canada and one of the most respected in Canada. For years we have had much exposure from our local media, including the Truro Daily News, CBC, Global TV, Live at Five, The Herald and other local news papers who have recognized the efforts of the Millbrook First Nation and contributed to the National reputation we all can take pride in!
The MEDC has a stellar track record in financial management, has established profitable business relationships and has ownership and equity positions in real estate holdings and business ventures throughout Nova Scotia. MEDC is recognized within the broader business community of Colchester County as a valuable and effective business partner, collaborates with the Town of Truro and is represented on the Board of Directors of the Colchester Economic Development Agency (CORDA). The official signing of the MOU was seen all across the country as an historic document where by a First Nation community partnered with the neighboring Town and County in the pursuit of common economic development opportunities and regional growth opportunities.
As Band Administrator and Councillor it is myresponsibilityto ensure we build upon the success of our business enterprise and continue to position ourselves for new and exciting business opportunities.
For a copy of the press release please click here and to reference the site of DTZ please click on the following link http://www.dtzbarnicke.com/
Millbrook First Nation