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MDC Partnership OpportunitiesWhether you are a small business start up looking for a stable and committed business partner or an established business enterprise looking for a partner to expand your operation, the MDC is open to exploring partnership opportunities. Why choose the MDC? Positioning your business alongside the MDC will allow your business the opportunity to capitalize on some key benefits, such as: Benefits Less Taxation Or No Taxes At All Let’s face it, taxation can be a huge financial drain on your business. Federal and Provincial taxes alone can account for as much as 25% of your gross income (Canadian Taxes). For every $100 that your business generates, the Federal and Provincial Governments can possible claim as much as 25% of this amount or $25. How can partnering with the MDC help? Under section 149 91) (d) of the Income Tax Act, since the MDC is First Nation owned and headquartered on reserve, any subsequent native business that is headquartered on a reserve could also benefit from this tax exemption. What does this mean for you and your business? It means partnering with the MDC can have huge tax savings for you and your business operations. Lower Cost For Purchasing Materials (Taxes) Purchasing equipment for your operations can be expensive. For example, a Carbide Tip Die for a tool and die operation can cost upwards of $100,000 CAN. Taxation alone will cost roughly 15% of this cost or $15,000. How Can Partnering With The MDC Help? Under the Canadian taxation act, First Nation owned business, whose business operations are on reserve are tax exempt from paying Federal taxes, which is roughly 8% of all purchases. This can have a huge impact on savings when it comes to all business purchases, savings that can be used to generate more income for you and your business. Lower Operating Costs Every business has a certain level of operating costs depending on the amount of capital invested. From labour to electricity, operating costs must be paid and if at all possible, kept low. By partnering with the MDC, the taxation savings can be used to ensure all operating costs are paid. Possibilities of Lower Sales Prices and/or Greater Profit Margins By partnering with the MDC, there is the possibility of capital savings with regards to income tax and capital purchases that may allow you to lower your prices in order to stay on top of your competition. Of course, greater savings may allow you and your company the opportunity for greater profit margins. MDC Has Access To Resources (Financial and Other Resources) The MDC is in a unique position that affords the corporation access to certain resources. This may be a huge benefit to companies with limited access to resources looking for a possible joint venture. MDC Is Cooperative and Easy To Work With Our professional and knowledgeable staff will work with you and your company in a courteous and friendly manner. MDC Will Be Due-Diligent In Exploring Opportunities The MDC will exercise the necessary due diligence that will help and protect possible joint ventures with interested parties. At the MDC, we are interested in exploring possible joint ventures with interested partners that will be of benefit for both parties. If you are interested in partnering with the MDC for possible business opportunities, please contact us for more information. You can contact us at: c/o Mike Chiblow |
Did You Know...That Sault Ste Marie, Ontario which is 130 kilometres from the Old Mine Road Industrial Park is home to Essar Steel Algoma Inc., which is the 3rd largest producer of steel in Canada? Contact Us Today!Call us today to find out more how you and your company can benefit from being a part of the Old Mine Road Industrial Park community! Photos Of The Old Mine Road Industrial ParkClick here for pictures of the Old Mine Road Industrial Park |
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