Understanding the Roles of MMRLP and MMBC

The Mi’gmawei Mawiomi Resources Limited Partnership (MMRLP) and the Mi’gmawei Mawiomi Business Corporation (MMBC) work together to drive economic growth and prosperity for the Mi’gmaq communities of Gesgapegiag, Gespeg, and Listuguj. While both are focused on building a better future for our people, they play different roles in achieving this goal. Understanding their distinct functions helps us appreciate how they work together to ensure long-term success.

What is MMRLP?

The MMRLP serves as the investment vehicle for the Mi’gmaq communities. It was established to manage and grow the communities’ financial interests in various sectors, focusing primarily on long-term, sustainable investments. These include projects in renewable energy, such as the community’s majority stake in East Coast Wind Inc., a wind farm operation and maintenance company, and other ventures​. MMRLP’s core mission is to create steady income streams that will support the economic independence of our communities for years to come. Each community is represented in the MMRLP by their Chief and Council, ensuring that leadership remains directly involved in the MMRLP’s decision-making process.

MMRLP’s Role:

• Invests in large-scale projects like wind farms and technology companies
• Generates sustainable income through these investments
• Focuses on strategic partnerships that benefit the Mi’gmaq communities

What is MMBC?

The MMBC is the administrative arm of MMRLP. While MMRLP handles the investments, MMBC manages the operations, partnerships, and overall administration of these ventures. MMBC oversees the day-to-day activities that ensure these projects run smoothly and effectively serve the Mi’gmaq people. It coordinates efforts, facilitates communications, and ensures these investments align with the community’s goals and values. In essence, MMBC carries out the business operations and works to maximize the benefits of MMRLP’s investments. While MMBC ensures proper revenue management that is aligned with our strategic goals, shareholders ultimately decide on profit distribution.

MMBC’s Role:

• Administrative management of MMRLP’s investments and partnerships
• Oversees project execution, ensuring investments serve community goals
• Coordinates business operations, including creating jobs, fostering partnerships, and handling communications​​

Key Differences:

• MMRLP is the investment body. It focuses on making strategic financial decisions and growing the community’s wealth through investments.
• MMBC is the administrative and operational arm of MMRLP. It takes care of the business operations, ensuring that MMRLP’s investments are well-managed and benefit the communities on a day-to-day basis.

Why Does This Matter for Our Communities?

MMRLP focuses on securing long-term income through investments, ensuring we have the resources to support our people’s needs. MMBC ensures these investments are managed correctly and that the benefits, such as job creation and community development, are delivered efficiently.

By working together, MMRLP generates the wealth, and MMBC manages to turn that wealth into tangible benefits for our communities, such as jobs, partnerships, and local growth. Together, they help the Mi’gmaq of Gespe’gewa’gi move toward economic independence and sustainable prosperity​​.