The tourism sector, which has been suffering from the COVID-19 pandemic, is receiving additional support from the Government of the Northwest Territories.
The Growth and Recovery by Investing in Tourism (GRIT) Fund is being conducted in partnership with the Canadian Northern Economic Development Agency (CanNor).
The department of Industry, Tourism and Investment, and CanNor are each contributing $750,000 to the fund, a press release says.
GRIT aims to improve product development and marketing as well as contributing to operational costs ensuring businesses are ready to provide services once restrictions ease.
Businesses are required to contribute 10 per cent cash equity and use NWT suppliers. Projects must be complete by March 31, 2021.