The Chesterfield Inlet Development Corporation was formed to manage and oversee the operations of the Pimakslirvik Corporation and the Chesterfield Inlet Holding Corporation.
The Corporation is 90% owner of Pimakslirvik Corporation
and 100% owner of the Holding Corporation. The Board of
Directors is appointed by the Hamlet Council.
Any Inuit resident in Chesterfield Inlet for one year or
more is a shareholder of the Corporation. Any non-Inuit
resident in Chesterfield Inlet for five or more years is
also a shareholder.
The Corporation uses the proceeds and profits from the other
two Corporations to provide scholarships and funds for special
groups, such as Search and Rescue, or Community events, such
as Christmas, Hamlet Day, Nunavut Day, etc.. Funds are used for the benefit of residents of Chesterfield Inlet.