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Det'on Cho makes top 500 Corporation listed as one of Canada's fastest growing companies
Lyndsay Herman
Northern News Services
Published Wednesday, June 5, 2013
SOMBA K'E/YELLOWKNIFE
Staff of Det'on Cho Corporation had some happy news Monday as they were officially informed their employer was listed as one of Canada's top 500 fastest growing companies in Canada. To be specific, the corporation ranked 276.
The recognition comes from PROFIT magazine's PROFIT 500 list, where companies nominated themselves and were ranked based on five-year percentage revenue growth, and, most importantly, puts the corporation on the national stage, according to corporation president Roy Erasmus Jr.
"We are not just a local success story," said Erasmus. "We are now a national success story."
The corporation celebrated the announcement at a press conference held at the Smokehouse Cafe in Ndilo.
While many NWT companies have felt the pinch of the recession, Det'on Cho Corporation has been growing due to hard work and smart investments, he said.
Erasmus pointed to the genesis of Bouwa Whee Catering as an example of how Det'on Cho capitalizes on strategic opportunities.
First, the corporation was the aboriginal partner in Ekati services, which won the contract for catering and camp services at Diavik Mine. After developing capacity and capital, the corporation created Bouwa Whee Catering and took over the contract. Now, the Smokehouse Cafe in Ndilo is used as a training facility, and restaurant, for Bouwa Whee Catering.
"When it comes to aboriginal companies in the North, a lot of people just expect us to partner with other companies for the pay cheque; to let them do the work while we contribute aboriginal content," he said in a news release preceding the press conference. "But that's not how we work. Our vision is to create prosperity for the Yellowknives Dene (First Nation), so that means creating real opportunities for employment and training."
Erasmus said the corporation plans to continue to expand doing what it does best, but hopes to get involved in other provinces and partner with other First Nations to share the corporation's expertise and gain more.
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