The Canadian Northern Economic Development Authority (CanNor) $210,000 in order to help Northwest Territories (NWT) Businesses take advantage of new economic opportunities
Yellowknife, Northern Territory, February 1, 2023 /CNW/ – Building a strong economy means helping businesses adapt, grow and explore new economic opportunities.in the Northwest Territories (NWT), Indigenous and Northern businesses are forging a path forward through creativity, new ideas, innovation and economic diversification. Canada makes targeted investments to support businesses and create good jobs that Northerners can count on.
today, Michael McLeodMember of Parliament, Northwest Territorieson behalf of the Honorable Dan Vandal, Minister for Northern Affairs, Prairie Khan and Khanner, have announced the investment of $210,000, provided by CanNor, to support three projects that advance the economic development of the NWT. Projects funded include development of action plans to maximize opportunities for Indigenous participation in northern environmental remediation projects by Metcor Inc., and specialized training for trade in the NWT by Kasteel Construction and Coatings Inc. initiative to improve the US government. Northwest Territories (GNWT) Evaluation of Geological Materials for Cement Production by Geological Survey.
Federal Investments Support NWT Projects
Led by businesses, community organizations and indigenous economic development companies, funding these three NWT initiatives will contribute to the NWT economy and support innovation in different economic sectors. Through these projects, NWT businesses can create jobs for workers and explore opportunities for future economic growth.
“Innovation and economic growth Northwest Territories Rely on the creativity, leadership and dedication of entrepreneurs, community groups and indigenous economic development organizations. Through CanNor, our governments are providing direct assistance on the ground to boost economic growth, create good jobs for workers and promote long-term economic sustainability.”
– Dan Vandal, Minister for Northern Affairs, PrairiesCan and CanNor
“Providing support to NWT businesses will help them create and build new economic opportunities. It depends on strategic investments like these that help provide economic development opportunities for the Indigenous peoples we support.”
– Michael McLeodMember of Parliament, Northwest Territories
“Our continued efforts to diversify our economy will Northwest Territories This includes using science and innovation to maximize profits from the territory’s vast geological resources and to support local business improvement and expansion initiatives. Our leading geoscientists have identified a potential homegrown solution to the continued demand for materials. This will also allow local businesses to not only improve their workforce’s skill levels, but also provide training opportunities, understand how they can take advantage of areas of economic growth, and support other businesses in the sector. This is the thinking and creativity we need to help our economy grow.We partner with his CanNor University of Alberta Because it brought us closer to our goal. ”
– Minister caroline wozonekMinistry of Industry, Tourism and Investment
“Casteel is focused on caring for our community and helping northerners grow. Northerners need to train northerners as much as possible. Funding for this project allows us to provide more professional safety training to the North, and the community truly appreciates CanNor’s support in our journey to provide more growth opportunities in the North.”
– Trevor CastilePresident of Kasteel Construction and Coatings Inc.
“The North Slave Metis Alliance is proud to have participated in the development of an initiative to create strategies for increasing Indigenous participation in restoration projects in the north. Consistent with our culture and values of preserving land mines and restoring land to its pristine condition, we expect all mines to have a successful life cycle leading up to full and complete remediation. We are very grateful to CanNor for their support in our quest for assurance.”
– John HaisenbergBusiness Development Officer, North Slave Metis Alliance
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Source Canada Northern Economic Development Authority (CanNor)
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