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The $2.5 million office will be built adjacent to the Prince Albert Indian Student Education Centre at 851 23rd street West.
The new facility will contain meeting rooms, a branch office of the Canadian Imperial Bank of Commerce, administrative offices for the band and the Prince Albert Grand Council., and an office for the Saskatchewan Indian Equity Foundation. The foundation provides financing to Indian entrepreneurs. The band also expects a number of smaller tenants will open offices there.
Plans for the facility have been in the works for the past two years, said Chief Ron Michel in an interview from his Prince Albert office.
"Its' a good business venture for us. We want to be part of the community. We do a lot of our business here so it was a good decision."
to be part of the community. We do a lot of our
business here so it was a good decision."
Chief Ron Michel
The band will not use its $61 million treaty land entitlement settlement to finance the project, he said.
Construction of the facility is expected to create about 15 new jobs. Most of those employed on the project will be from the Peter Ballantyne Reserve, he said.
About 5,300 people in seven northern Saskatchewan communities are band members. The band has a reserve about 300 kilometres northeast of Prince Albert.
The building is expected to open Dec. 1.