Le Lézard
Classified in: Business
Subjects: ECO, CFG

Government of Canada supports economic diversification and job creation in NWT


Diversity of federal government investments strengthen the North's economy

YELLOWKNIFE, April 17, 2019 /CNW/ - Economic diversification and job creation are key to ensuring a strong and resilient economy in the North. This is why the Government of Canada is investing $2.7M in nine economic development projects in the Northwest Territories (NWT).

This announcement was made today by Michael McLeod, Member of Parliament for Northwest Territories, on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for CanNor.

Funding will go towards a range of projects across a variety of economic sectors, including tourism, television and film, culture and construction, as well as targeted support for the development of entrepreneurs, business capacity and francophone markets.

Through these investments, the federal government is supporting the creation of jobs and long-term sustainable economic development in the North.

Quotes 

"Our government is laying the foundation for Canadians to become more competitive and succeed in the global economy. Today's investment in the NWT economy is building on our competitive advantages by working together with our partners to boost economic growth and create good, middle-class jobs for Canadians."

Honourable Navdeep Bains
Minister of Innovation, Science and Economic Development and the Minister responsible for CanNor

"A diverse economy that supports a variety of industry sectors is essential to the economic wellbeing of the NWT. The investments announced today will help the NWT economy grow, lead and compete in Canada and beyond. I am very pleased to see the wide variety of partners that have worked with the Government of Canada on these projects. Together we are working towards a brighter future for the territory.

Michael McLeod
Member of Parliament, Northwest Territories

"The Government of the Northwest Territories recognizes that sustainability and growth of the NWT economy requires strategic investments and diversification. Working together with our partners like the Government of Canada, the GNWT continues to make investments that advance our goal of increasing economic prosperity for Northerners for generations to come." 

Wally Schumann
Minister of Infrastructure
Minister of Industry, Tourism and Investment, Northwest Territories

Related Products

Backgrounder

Stay connected

Follow Minister Bains on Twitter: @ISED_CA 

Join the conversation about economic development in the North:

Twitter: GovCan - North
Facebook: GovCan ? North 

 

SOURCE Canadian Northern Economic Development Agency (CanNor)


These press releases may also interest you

at 20:30
Rogers Communications Inc. ("RCI") announced today that it has priced an underwritten public offering of US$1.25 billion aggregate principal amount of 4.35% senior notes due 2049. The net proceeds from the issuance of these US dollar debt securities...

at 20:30
Premium accessories brand, Hammitt, is excited to officially announce its debut capsule collection with America's sweetheart and long-time friend of the brand, Hannah Godwin. As runner-up on season 23 of The Bachelor, Godwin stole the hearts of...

at 20:15
TSX VENTURE COMPANIES FIRST LIGHT CAPITAL CORP. ("XYZ.P")BULLETIN TYPE:  Resume TradingBULLETIN DATE:  April 23, 2019TSX Venture Tier 2 Company Further to the bulletin dated April 18, 2019, effective at market open on Thursday, April 25, 2019, shares...

at 20:15
The Nature Conservancy of Canada (NCC) and its partners applaud a new federally-funded $100 million program to safeguard important habitats for species at risk. The Natural Heritage Conservation Program (NHCP), announced today by Catherine McKenna,...

at 19:58
Century Communities, Inc., a top 10 national home builder, announced today that its new premier master-planned community, Heritage Collection at College Park in Mountain House, Calif., is now pre-selling single-family homes starting in the low...

at 19:36
NorthWestern Corporation d/b/a NorthWestern Energy reported financial results for the three months ended March 31, 2019. Net income for the period increased 24.4 percent to $72.8 million, or $1.44 per diluted share, as compared with net income of...



News published on 17 april 2019 at 13:24 and distributed by: