The First Nation Band operates an industrial park, an area of land developed as a site location for factories and other
industrial businesses. The businesses pay rent to the First
Nation Band to operate from their industrial park location. One
of the tenants operates a sawmill that process wood to be used
in furniture. The business has operated for 10 years, however,
for the last 4 years, operations have failed to produce net
income after all expenses and dividends. The single owner has
fallen behind on rent payments to the Industrial Park and
unfortunately has recently filed for bankruptcy. The business
employs 30 people from the First Nation Community.
The employees have approached the Band office through their
economic development departm ent as they wish to purchase
the sawmill and operate the mill as an employee owned
business. To make this happen, the economic development