Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for Canada North on Wednesday announced an investment of just over$259,000 to diversify and foster future economic opportunities for five Indigenous communities in the Northwest Territories.
Navdeep Bains said in Yellowknife: “A strong and self-sufficient economy doesn’t happen overnight. It takes time, investments, and forward thinking. Investing in regional economic development plans are a key step to business growth, employment opportunities, and community wellness. The Government of Canada is proud to be a part of the building blocks that are supporting diverse and prosperous local economies in the North.”
Funding from the Northern Aboriginal Economic Opportunities Program is supporting the Norman Wells Land Corporation and the Tłįchǫ Government in preparing economic development plans to leverage potential business opportunities in order to create future benefits in their communities.
To compliment a Norman Wells Land Corporation investment of $25,000, CanNor is contributing a total of$202,318 over two years for the creation of an Area Development Plan. The plan will assist with identifying the economic opportunities associated with the development of commercial land and will support the diversification of the economy in Norman Wells.
Michael McLeod, Member of Parliament, Northwest Territories, said:“Communities in the Northwest Territories have a lot of economic potential. By supporting economic development planning and growth, these NWT communities will benefit from future business and employment opportunities.”
In addition, CanNor provided a total of $57,362 to the Tłįchǫ Region Economic Development Working Group for the development of an economic strategy and implementation plan for four Tłįchǫ communities: Behchoko, Whati, Gameti, and Wekweeti. These strategies and plans will enable the four communities to assess and pursue economic and training opportunities that will enhance their business and job prospects in years to come.
- The Government of the Northwest Territories is contributing $85,638 to the Tłįchǫ Government and$25,580 to the Norman Wells Land Corporation for these projects. – CNW