The First Nations Progression Model, developed by Membertou First Nation, is one way to understand First Nations economic development. According to this model, First Nations economic development has three stages:
1.Capacity building: Building community capacity to manage economic development processes, including financial and quality management capacity
2.Preparation for economic development: Linking economic development to existing plans, undertaking any additional planning, resource allocation, investment and implementation planning.
3.Pursuing economic development opportunities: Pursuing new ventures, establishing partnerships and entering agreements