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Ten Indigenous-owned businesses receive Hydro One Indigenous Entrepreneurship Grant

Bawating Building Science will use their grant to help more communities incorporate traditional knowledge to find solutions for building challenges

TORONTO, Dec. 1, 2023 /CNW/ - Today, Hydro One Networks Inc. (Hydro One) and Canadian Council for Aboriginal Business (CCAB) announced the ten recipients of the Hydro One Indigenous Entrepreneurship Grant. Grant recipients include Indigenous businesses from across Ontario, providing services such as housing, construction, virtual reality and web development, cultural awareness training, graphic and commercial art, and family reunification. Each recipient will receive $7,500 to assist in achieving their business goals and enhancing opportunities in communities.

Hydro One Inc. Logo (CNW Group/Hydro One Inc.)
Hydro One Inc. Logo (CNW Group/Hydro One Inc.)

This year's grant recipients are:

  • Bawating Building Science, located in Kettle and Stoney Point First Nation

  • Poptronic Rentals, Inc, located in Akwesasne

  • Boreal Cork Company, located in Kenora

  • INASK OON (Stem of Grass) I&IT SOLUTIONS, located in Sand Point First Nation

  • Ode'imini-giizis Transformative Solutions, located in Niagara Falls

  • Nawash Power Group, located in Neyaashiinigmiing

  • Niibing Tribal Tours, located in Neebing

  • Gijichaag, located in Chippewas of the Thames

  • Storm Angeconeb, located in Mckenzie Island

  • Six Nations Construction Corporation, located in Ohsweken

"We'd like to thank Hydro One and the CCAB for selecting us as a recipient of the Hydro One Indigenous Entrepreneurship Grant," said Trevor Trainor, President, Bawating Building Science. "At Bawating Building Science, we strive to listen to the communities we service and incorporate traditional knowledge with our understanding of scientific and engineering principles to find solutions to building design and construction challenges. This support signifies a step towards realizing the ongoing goals of our business and the communities we work with."

"Congratulations to all our recipients of the Hydro One Indigenous Entrepreneurship Grant," said Tabatha Bull, President and CEO, Canadian Council for Aboriginal Business. "For the third consecutive year, we're pleased to continue working with Hydro One to assist Ontario Indigenous businesses in growing their companies and achieving their goals."

"As a proud partner of the CCAB, Hydro One thanks all applicants and wishes to congratulate each of the grant recipients," said Penny Favel, Vice President, Indigenous Relations, Sustainability and President & CEO Remote Communities Inc., Hydro One. "We are committed to Reconciliation and working together with Indigenous communities as partners. This grant is an incredible opportunity for us to discover new Indigenous companies with whom we can do business. We will continue to leverage our unique position in the province to expand our network of Indigenous businesses and create mutually beneficial relationships with Indigenous communities."

As a gold-certified member in CCAB's Progressive Aboriginal RelationsTM (PAR) program, Hydro One is committed to fostering an equitable and sustainable economy. This partnership is a part of Hydro One's commitment to direct 20 per cent of its corporate donations and sponsorships to Indigenous communities and organizations that benefit Indigenous communities. Hydro One is also committed to increasing its Indigenous procurement spend to five per cent of the company's purchases of materials and services by 2026.

About the Canadian Council for Aboriginal Business

CCAB is committed to the full participation of Indigenous peoples in Canada's economy. As a national, non-partisan association, its mission is to promote, strengthen and enhance a prosperous Indigenous economy through the fostering of business relationships, opportunities, and awareness.  CCAB offers knowledge, resources, and programs to its members to cultivate economic opportunities for Indigenous peoples and businesses across Canada. For more information visit www.ccab.com.

Hydro One Limited (TSX: H)

Hydro One Limited, through its wholly-owned subsidiaries, is Ontario's largest electricity transmission and distribution provider with approximately 1.5 million valued customers, approximately $31.5 billion in assets as at December 31, 2022, and annual revenues in 2022 of approximately $7.8 billion.

Our team of approximately 9,300 skilled and dedicated employees proudly build and maintain a safe and reliable electricity system which is essential to supporting strong and successful communities. In 2022, Hydro One invested approximately $2.1 billion in its transmission and distribution networks, and supported the economy through buying approximately $1.9 billion of goods and services.

We are committed to the communities where we live and work through community investment, sustainability and diversity initiatives. We are designated as a Sustainable Electricity Leader™ by Electricity Canada.

Hydro One Limited's common shares are listed on the TSX and certain of Hydro One Inc.'s medium term notes are listed on the NYSE. Additional information can be accessed at www.hydroone.com, www.sedarplus.com or www.sec.gov.

Forward-Looking Statements and Information:

This press release may contain "forward-looking information" within the meaning of applicable securities laws. Words such as "expect", "anticipate", "intend", "attempt", "may", "plan", "will", "can", "believe", "seek", "estimate", and variations of such words and similar expressions are intended to identify such forward-looking information. These statements are not guarantees of future performance or actions and involve assumptions and risks and uncertainties that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed, implied or forecasted in such forward-looking information. Some of the factors that could cause actual results or outcomes to differ materially from the results expressed, implied or forecasted by such forward-looking information, including some of the assumptions used in making such statements, are discussed more fully in Hydro One's filings with the securities regulatory authorities in Canada, which are available on SEDAR at www.sedar.com. Hydro One does not intend, and it disclaims any obligation, to update any forward-looking information, except as required by law.

Canadian Council for Aboriginal Business (CCAB) Logo (CNW Group/Hydro One Inc.)
Canadian Council for Aboriginal Business (CCAB) Logo (CNW Group/Hydro One Inc.)

SOURCE Hydro One Inc.

Cision
Cision

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/December2023/01/c4946.html

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