Federal government invests $5 million to support economic opportunities in Canada’s territories

The Northwest Territories will be receiving nearly $2,000,000 worth of investments. 


(Photo courtesy of Government of Canada.)

In the name of reconciliation, the Government of Canada has invested nearly $5 million to create economic opportunities for 11 Indigenous businesses and communities in the North – with six in the Northwest Territories.

The Det’on Cho Management LP will receive $908,635 for a two-year project for the reclamation and remediation of Giant Mine. This project is expected to create 12-14 new full-time positions within the community of N’dilo, as stated in a press release.

The Yellowknives Dene First Nation will receive $320,000 for a one- year project to produce a business plan for tourism, cultural and business incubator located in Dettah. The new facility is to support the development of tourism, Indigenous businesses, and new employment and training opportunities.

“To help kick-start the Northern economy, our government is making strategic investments to help communities and businesses capitalize on economic development and growth opportunities,” says Larry Bagnell, parliamentary secretary for CanNor.

The Denendeh Development Corporation will receive $264,000 for a one-year project to develop a five-year plan on an investment vehicle for Indigenous governments in the NWT.

The Sahtu Dene Council will receive $215,050 for a two-year project to develop three sustainable action plans to support the development of tourism for Indigenous communities in the Sahtu communities of Deline, Tulita, and Fort Good Hope.

The City of Yellowknife and Yellowknives Dene First Nation will receive $150,000 for a two-year project to develop a five-year economic development strategy. The strategy will guide the economic growth and prosperity of both communities, as stated in a press release.

Acho Dene Koe First Nation will receive $75,000 for a two-year project called the Impact Benefits Agreement to help negotiate the employment and business opportunities provided to First Nations. The IBA will help engage community participation in the negotiations for the Prairie Creek Mine Project (PCM) and the construction of an all-season access road, as stated in a press release.

 

 

About the Author

Mariah Caruso
Mariah Caruso is a digital journalist, originally from Toronto, Canada. She graduated from the University of Toronto with a Hons. Bachelor of Arts and completed her Journalism post-grad at Sheridan College. She has an insatiable appetite for life, storytelling, connecting to the people, and getting to the heart of the issue. Mariah is excited to begin her journey and career in Yellowknife, NWT, and get involved with the community. If you have a story idea, feel free to send her an email at mariah.caruso@cklbradio.com