Canadian Northern Economic Development Agency (CanNor) is investing over $210,000 to help Northwest Territories (NWT) businesses take advantage of new economic opportunities
February 1, 2023 – Yellowknife, Northwest Territories – Canadian Northern Economic Development Agency
Building a strong economy means supporting businesses as they adapt, grow and seek out new economic opportunities. In the Northwest Territories (NWT), Indigenous and Northern businesses are building a path forward through creativity, new ideas and innovation, and diversifying our economy, and the Government of Canada is making targeted investments to support businesses and create good jobs Northerners can depend on.
Today, Michael McLeod, Member of Parliament, Northwest Territories, on behalf of the Honourable Dan Vandal, Minister of Northern Affairs, PrairiesCan and CanNor, announced investments of over $210,000, delivered by CanNor, to support three projects that move economic development forward in NWT. The projects receiving funding are Metcor Inc.’s development of an action plan to maximize opportunities for Indigenous participation in Northern remediation projects, Kasteel Construction and Coatings Inc.’s initiative to improve specialty training for trades in NWT, and the Government of the Northwest Territories’ (GNWT) Geological Survey’s assessment of geological materials for cement production.
Federal investment supports projects in NWT
Funding for these three NWT initiatives led by businesses, community organizations and Indigenous economic development corporations contributes to NWT’s economy and supports innovation in diverse economic sectors. Through these projects, NWT businesses will be able to create jobs for workers and explore future opportunities for economic growth.