Bulldozers and excavators are cutting a broad swath through the reserve land of the Tsuut'ina in southwest Calgary as part of a transformative project gets underway.

The push to finish the city's ring road has meant a $340.7 million payment to the First Nation for the land, and has helped create opportunities for economic reconciliation, said Lee Crowchild, chief of the Tsuut'ina.

"This is about Tsuut'ina moving forward into the future," he said, sitting in the hotel restaurant of the Grey Eagle Casino, the First Nation's well-established operation that it is planning to expand upon.

"We've been through this dark period, now we're coming back."

Having made the difficult decision to relinquish the land for the road, the Tsuut'ina is now planning how to make the most of the significant traffic that will be channelled their way when the road is complete.

The First Nation is working on a 500 hectare, multibillion-dollar development along the edge of the ring road called Taza that will include retail centres, entertainment and hospitality complexes, a research campus, and office developments with a health and wellness component.

The development is important for the Nation to exert its independence, and is part of a wider push to provide urban opportunities for the fast-growing Indigenous youth demographic who are gravitating to cities, said Crowchild.

"We have to think about the future, we have to think about population growth, we have to think what it's going to look like in 25 years, 50 years and beyond."

The Tsuut'ina development is just one of the many developments and initiatives sprouting up across Canada as Indigenous people look to reassert themselves through business, said Jean Paul Gladu, president of the Canadian Council for Aboriginal Business.

"Urban reserves, communities that are located close to the municipalities, are in a really unique position to act as the forefront of what reconciliation might look like, in working together through the business lens."

Challenges persist though, including access to capital and other resources, as well as overcoming a deep distrust, he said.

"There's a lot of history and hurt that needs to be overcome, before we can fully embrace stronger relationships. Without that trust, it's hard to build a marriage like in a joint venture and business venture."

He said the importance is only growing as indigenous youth continues to be the fastest-growing demographic in Canada.

"As more Indigenous youth move to urban centres, and you see it in Winnipeg, you see it in Thunder Bay, conflicts will arise unless we've got opportunities, and bridging programs to support Indigenous youth."

The federal government is well aware of the challenge, and has launched numerous initiatives to foster business development and help gain access to capital, said Mohan Denetto, director general of economic and business opportunities at Indigenous Affairs.

"Fundamentally, it's about closing the economic gap between Indigenous peoples and the rest of Canadians. So it's about economic reconciliation."

That gap is significant, said Denetto, with a 23 per cent Indigenous unemployment rate compared to around seven per cent for the rest of Canada.

And with the Indigenous population about 15 years younger than the Canadian average, an estimated 20 per cent of the total workforce will be Indigenous within 20 years, said Denetto.

"That's a huge opportunity, and an opportunity I don't think we can waste."

Indigenous communities across Canada are adding initiatives, from the Musqueam in Vancouver to the Membertou in Cape Breton, though more remote reserves face significantly steeper obstacles to starting new business opportunities.

Toronto is the location for what's being billed as the first Indigenous business district in the country.

Councillor Kristyn Wong-Tam, who's helping lead the project forward in her Toronto Centre-Rosedale riding, said the district will include street signage and banners similar to Chinatown and other districts, and will be anchored by a 1,486 square metre space for business incubation.

She said the district will help create more opportunities in a neighbourhood that already has significant Indigenous social services but little business development, and will help overcome some of the barriers that have prevented growth in the past.

"Indigenous populations and communities have been in Toronto for a very long time, but because of institutional racism, because of colonization, because of the residential school system, because of the Indian Act, it has been very difficult for these communities to come together, there's just been so many systemic barriers."

For chief Crowchild, the initiatives across Canada show a new era emerging that will help break down barriers, and help nations like the Tsuut'ina reassert themselves.

"We're the buffalo nation. The buffalo people are coming, and you can hear the hooves of them coming. And it's getting louder and louder."

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