Northern Coalition

Nunatsiavut Group of Companies (NGC), Happy Valley-Goose Bay, Labrador, NL

www.ngc-ng.ca

 

The Nunatsiavut Group of Companies (NGC), formerly known as the Labrador Inuit Development Corporation (LIDC), is the business arm of the Nunatsiavut Government. Reporting to the Labrador Inuit Capital Strategy Trust (LICST), the Group’s business lines include marine transportation, air transportation, commercial real estate, construction, remote camp operations, logistics, heavy civil and approximately 40 years in the commercial fishery operations. NGC’s mission is “To create wealth in trust for Nunatsiavut Beneficiaries by owning profitable, sustainable businesses”, and “To be an Inuit-led business leader in the North.”​

 

Over the last 40-plus years, NGC has grown organically and through acquisition, with revenues increasing from $3 million early in its history to $40 million today. NGC will continue to play a significant role in the fishery and invest in the industry, while also building the region of Nunatsiavut through corporate and social investments. NGC is the majority owner of one Northern Shrimp licence, Pikalujak Fisheries and harvests its Northern Shrimp and Greenland Halibut quotas through a strategic partnership with another fishing company. Annually, the organization employs approximately 500 people across 17 corporate subsidiaries, partnerships, and affiliations, the benefits of which accrue to 7,000 land claim beneficiaries.

 

(Note: communities served by Torngat overlap with NGC.)

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QC

 

QC is a wholly owned subsidiary of Qikiqtani Inuit Association (QIA). It is an Inuit Birthright Corporation and the development arm of the QIA, with over 40 years in business in Nunavut. QC’s mission is to create meaningful economic development and

attractive employment and career development opportunities for Inuit. QC owns one of the seventeen Northern Shrimp licences and holds a 50% interest in the Unaaq licence. QC is a majority partner in Qikiqtaaluk Fisheries Corporation (QFC), a 100% wholly owned subsidiary of QC. It owns and operates F.V. Saputi, a 76-meter multi-species factory freezer trawler that harvests the corporation’s Northern Shrimp quotas and their allocations of both Shrimp and Greenland Halibut received from the Nunavut Wildlife Management Board.

 

QC is an integrated and diversified company with ownership and management of business operations in Offshore Fisheries, Marine and Air Transportation, Real Estate, Construction, Petroleum Distribution, Environmental Management and Retailing. The company also delivers Inuit Human Resources Employment Services. QC’s 34 subsidiaries, joint ventures and affiliations employ approximately 1000 people, over 70% of whom are Inuit. QC’s business and infrastructure investments support 16,000 Inuit residents living in the 13 communities of Nunavut’s Qikiqtani Region.