CALGARY—By seizing business opportunities, Fort McKay First Nation in northern Alberta has markedly improved the living standards of its members and raised its average after-tax income to more than $73,000—much higher than the national average, finds a new study released today by the Fraser Institute, an independent, non-partisan Canadian public policy think tank.
“Fort McKay is a success story, not just among First Nations, but all communities across Canada, and proof that sound political and economic leadership can dramatically improve living standards in big cities or rural settings,” said Tom Flanagan, Fraser Institute senior fellow, professor emeritus of political science at the University of Calgary and author of The Community Capitalism of the Fort McKay First Nation: A Case Study.