Yellowknife, Northwest Territories - Canadian Northern Economic Development Agency
A key to Canada's economic recovery is supporting local businesses as they rebuild from the impacts of the pandemic so they can better serve their communities and lead economic growth. Indigenous businesses, organizations and communities across the North and Arctic faced significant challenges during the pandemic and now play a vital role in economic recovery and in achieving long-term economic development goals across the territories.
Today, Michael McLeod, Member of Parliament for Northwest Territories, on behalf of the Honourable Daniel Vandal, Minister of Northern Affairs, Minister for PrairiesCan and Minister for CanNor, announced a combined investment of over $550,000, delivered by CanNor, to support five unique projects that help Indigenous businesses across the Northwest Territories recover, diversify, innovate and grow.
The Government of Canada is continuing to ensure Indigenous-owned and run businesses in the Northwest Territories are viable and that the communities in which they operate benefit from their success. CanNor supports the territories through its full suite of regular economic development programming, and helps position the NWT economy for growth.
Federal investment supports projects in NWT
This investment will provide support to Indigenous businesses, communities, and organizations in NWT by increasing their capacity to benefit from economic opportunities in diversified economic sectors. Key project activities include infrastructure development that supports food security, business expansion, strategic planning, establishing a community investment trust fund and finding ways to identify additional economic potential within and outside of the territory. These projects by community-based Indigenous businesses and organizations provide essential revenue streams needed to create good jobs in communities and support a more prosperous future for Northerners.
The Government of Canada continues to work with Indigenous partners, organizations, businesses and communities to help grow the economies of the North and Arctic.
