Alberta First Nation prospers via community-owned businesses

The Fort McKay First Nation in Alberta has significantly improved living standards for its members through "community capitalism," generating substantial revenue from First Nation-owned companies. The community, with 900 members, earns 97% of its revenue from these companies, averaging $1.7 billion annually over five years, primarily through involvement in the oil sands industry since 1986. This success is attributed to their economic development model. The First Nation balances economic growth with environmental stewardship and invests in community services, education, and diversification, aiming for long-term sustainability and protecting their cultural heritage.