Four Yukon businesses are seizing new opportunities, finding efficiencies and improving productivity to mitigate tariff and trade disruptions.
The Yukon is home to innovative entrepreneurs and businesses that have long contributed to a strong northern economy. As tariff pressures and changing trade conditions continue to create uncertainty, the Government of Canada is taking action by supporting businesses to adapt, seize new opportunities and protect jobs in the territory.
Today, the Honourable Rebecca Chartrand, Minister of Northern and Arctic Affairs and Minister responsible for CanNor, announced up to $1,903,869 in contributions to four Yukon businesses. These investments, through the Regional Tariff Response Initiative (RTRI), will equip Yukon businesses and workers with the tools they need to adapt to a rapidly changing global environment, strengthen organizational efficiency and local capacity, reinforce regional supply chains, and create new growth opportunities.
Minister Chartrand made the announcement at Solvest Inc., alongside Dr. Brendan Hanley, Parliamentary Secretary to the Minister of Northern and Arctic Affairs and Member of Parliament for the Yukon. Solvest Inc. is receiving up to $264,585 to design, build, and test a prototype portable solar and battery energy storage system for use at Yukon placer mines. Through this project, Solvest will pivot to national and territorial markets from a planned U.S. expansion, following tariff-related impacts on its Alaska-growth strategy.
