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Nazko Economic Development Corporation

Client

Nazko Economic Development Corporation

Services

  • Business, Financial, and General Management Services

The Business Development Team at Forsite was asked to come and help the NEDC by the employees of the Corporation as their CEO and Finance manager ceased to work for NEDC. The project quickly grew as the relationship developed.

The Forsite Business Development team performed an analysis and business plan for the group which included camp, fuel, and logging businesses, along with economic development. Forsite worked with the Nazko First Nation, the board of directors and the bank to re-finance the credit facility. This allowed the group of companies to continue operations and move forward.

After re-financing, Forsite was retained to stay on as an advisor, focused mainly on finance, human resources and operations. NEDC was successful in hiring a CEO and an Operations Manager and to date have now started a silviculture business, general store and lodge. This is an ongoing project and since conception Forsite has also provided NEDC with silviculture management services and forestry consulting services in addition to business management services.

Testimonial “For nearly 3 years, Nazko Economic Development Corporation ("NEDC") has benefitted from the strong business services offered by Forsite. In 2014, Forsite was contracted to provide improved financial and accounting information to NEDC's logging, silviculture, camp service, and fuel businesses. This immediately resulted in better operational decisions and business practices. Forsite continues to advise and mentor NEDC staff on all aspects of our business. Consequently, we have developed into a stronger management team, showing better financial results.”

Kevin Ainsworth, Chief Executive Officer
Nazko Economic Development Corporation

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