Mr. Speaker, as I said, the First Nations Finance Authority was a game-changer for the Membertou community. This allowed the first nations to refinance, freeing up funds to reinvest in business development, and the results have been fantastic. They include an $8.2-million elementary school, a 90-lot housing development, and a $9.5-million highway interchange that allowed access to future commercial development on land owned by Membertou. From this, members of the first nation went on to build the Membertou Sport and Wellness Centre, one of the largest sporting venues on Cape Breton Island, and the Lanes at Membertou, 16 lanes of bowling with state-of-the-art technology.
Perhaps Membertou's greatest feat was the acquisition of the Clearwater fishery. If anyone had told me that the largest economic and commercial investment in Cape Breton would come during my first years of being an MP, I would have said they were joking with me. However, the $1-billion acquisition of Clearwater, with six other first nations, which were all part of the First Nations Finance Authority, was a game-changer for those communities.
The Membertou Development Corporation is now home to 12 corporate entities. This is in keeping with the remarkable success the Membertou First Nation has had in recent years. Membertou received certification from the International Organization for Standardization, ISO, in 2002, becoming the first indigenous organization to do so in Canada and leading the way for others.
With the support of first nations institutions under the First Nations Fiscal Management Act, incredible change is possible. I want to acknowledge the hard work, dedication and persistence of Membertou's chief, council and their staff.
Moving back to Bill C-45, passing this proposed legislation would allow us to create those differences in other communities, create those successes in first nations communities across Canada, enhance the act and further support first nations communities as they rebuild their nations and advance self-determination.
I encourage all members of this House to join me in supporting this bill and in supporting the first nations institutions under the act, which co-developed the amendments and which are creating such important change for so many indigenous communities across Canada by supporting self-determination and economic reconciliation.
Wela'lioq.