This article is from First Nations Drum: Announcing the Aquaculture in Canada Initiative (http://www.firstnationsdrum.com/2014/07/anouncing-the-aquaculture-in-canada-initiative/)

The Aboriginal Aquaculture Association (AAA) announces that they are now initiating a plan to preserve the aquaculture in Canada. This whole project’s main goal is to work together with First Nations to “develop renewed community economies based on sustainable, responsible aquaculture” and support First Nations in taking part in this project. In this article, the few main facts that is important about this type of business is the fact that over 50 aboriginal groups across Canada has developed aquaculture business venture and partnerships. By cultivating certain types of fish for example, fin fishes and shellfishes, it can generate more economic income for the country and for the aboriginal groups.

AAA will help First Nations achieve these goals by providing services like development and preparation of business plans, feasibility studies, preparation of project funding proposals and help with the provision of advisory and aftercare support. Aquaculture is able to generate around $2 billion for Canada, and by supporting this industry they can further generate more income and also reduce the unemployment rate.

This article is perfect for using the PEST model, in the political side of view, one line in the article said “support will be needed to address the ongoing challenges such as lack of capital and policy constraints.” Which does show some concerns for this industry, however the main focus will not be in the political side. In terms of economics, with this action plan, they are not only generating more income for households but also revenue for the government. They can also lower the unemployment rate and cultivate 56 different types of fish which might be useful as stocks in the future, which is very beneficial. As for Social sector of this model, it might be the equipment they are using or the certain culture of fishing that made it more difficult for them to have a sustainable income, but having this plan provides service that can provide aid to business in need. Technology plays a big part especially in modern days, they can provide machinery to catch more fishes, or just containers that keeps the cultivated fishes alive and healthy.