Kangiqtugaapik Co-operative Limited
Community Economic Development Officer (CEDO) Billy Palluq contacted started going on radio looking for people willing to sit down as Co-op committee members and contacted Canadian Executive Service Organization (CESO) for help. CESO brought in the retired Co-op volunteer in January 2020 and met with the steering committee to start. 14 people put in their names and were screened by CED committee and selected 8 people to sit as board members.
CEDO Billy Palluq started calling and emailing Government of Nunavut to incorporate Co-operative Limited but was getting no answers. Billy applied to ED&T’s Community Capacity Building and hired Dubuc-Osland Barristers and Solicitors to incorporate as a Co-operative Limited. Kangiqtugaapik Co-operative Limited was selected and finally incorporated in 2021, delays due to Covid-19 pandemic.
Once incorporation papers received, Billy Palluq applied for NNI Regulations, NTI Inuit Firm Registry and QIA Designated Inuit Firm List in order to access funding from Kakivak Association. CEDO submitted application under Business Capacity Startup Funds (BCSF), Entrepreneurship and Business Development (EBD) and Sivumut Grant with equity portion being covered by Arctic Co-operative Limited (ACL) to do Feasibility Study and Business Plan.
Feasibility Study is near complete and will need to develop a business plan to secure financing. The cost of building a Co-op store will cost $8,048,500.00