Qausuittuq National Park Inuit Initiatives Fund Sample Clauses

Qausuittuq National Park Inuit Initiatives Fund. 12.7.1 Within 2 months of the Effective Date, Canada shall provide a one-time $3 million grant to QIA to establish a Qausuittuq National Park of Canada Inuit Initiatives Fund. 12.7.2 The purpose of the Qausuittuq National Park of Canada Inuit Initiatives Fund is to provide Inuit ordinarily resident in Resolute and communities within the Qikiqtaaluk region (and Inuit firms with principal places of business in those areas) with financial assistance to enable them to take advantage of economic opportunities related to the establishment and operation of the Park. 12.7.3 Such economic opportunities may include, without limitation: a) Purchase of equipment to support tourism operations; b) Training for ecotourism and guiding; c) Funds to develop client services; d) Seed capital for leveraging funds from other agencies for larger projects; e) Funding for training in business skills in areas such as funding proposals, developing business plans, client services marketing and business practices; f) Monies to develop funding proposals; g) Capital to support new business planning and partnerships; h) Mentoring interested Inuit tourism providers by established tourism providers for the purpose of providing ongoing support, assistance and training; i) Developing local services for tourists, and in particular, tourists visiting from cruise ships; and j) Paying such expenses as business and insurance fees. 12.7.4 QIA shall report back to the QPMC and Parks Canada at the end of each fiscal year concerning the use of the Qausuittuq National Park Inuit Initiatives Fund.
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