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

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SOURCE Canadian Northern Economic Development Agency (CanNor)