CanNor's investment of more than $1.4
million will support ten Indigenous-led businesses and
organizations across the North to improve and expand their
infrastructure, purchase equipment, and offer new services to their
clients
IQALUIT,
NU, June 27, 2024 /CNW/ - Building
partnerships with Indigenous businesses and communities is crucial
to creating more economic opportunities in the North. This includes
supporting Indigenous-led projects in all three territories that
are forging a path forward through creativity, new ideas and
innovation.
Today, the Honourable Dan Vandal, Minister of Northern Affairs,
PrairiesCan and CanNor, announced that the Government of
Canada is investing more than
$1.4 million in ten projects in
Nunavut, the Northwest Territories and the Yukon. This funding will assist Indigenous-led
businesses and organizations to build new programs, increase their
efficiency by bringing services online, purchase modern equipment,
and expand and upgrade their capacity and infrastructure.
Through investments like these, the Government of Canada is supporting projects that increase
the participation of northern Indigenous communities and businesses
in economic opportunities across the North, further strengthening
the economies of all three territories.
Quotes
"Indigenous economic reconciliation is a key component of
building strong economies across the North. Our government is
working alongside Indigenous businesses and organizations to seize
opportunities, create jobs, and grow the local economies. These
projects provide essential revenue streams needed to create
meaningful economic benefit to communities and support a more
prosperous future for Northerners."
- The Honourable Dan Vandal, Minister
of Northern Affairs, PrairiesCan and CanNor
"Supporting Indigenous-led projects is crucial for promoting
Indigenous rights, economic development, and community wellbeing.
Through CanNor, our government is investing in projects that expand
the capacity and potential of Indigenous businesses and
organizations, further fueling economic growth across the
North."
- Dr. Brendan
Hanley, Member of Parliament for the
Yukon
"Innovation and economic growth in the North rely on the
creativity, leadership, and dedication of entrepreneurs, community
groups and Indigenous economic development organizations. We are
proud to support these projects that foster inclusive and
sustainable economic growth and benefit residents and northern
communities as a whole."
- Michael
McLeod, Member of Parliament for the Northwest Territories
Quick facts
- The funding announced today is provided through the Canadian
Northern Economic Development Agency's regular suite of economic
development programs, including the Inclusive Diversification and
Economic Advancement in the North (IDEANorth) Program, the Jobs and
Growth Fund and through the Community Readiness Opportunities
Planning (CROP) stream of the Northern Indigenous Economic
Opportunities Program.
- IDEANorth makes foundational investments in economic
infrastructure, sector development and capacity building to help
position Northerners in the territories to take advantage of
Canada's innovation economy.
- The Jobs and Growth Fund provides funding to businesses and
organizations to help create jobs and position local economies for
long-term growth.
- CROP works to improve the economic development capacity of
Indigenous communities and increase economic development in the
three territories. It achieves this by providing financial support
to First Nations, Inuit, Métis and non-status Indigenous
communities so they can improve their capacity and prepare to plan
for, pursue, and participate in economic opportunities.
- CanNor's economic development programming supports projects
that promote sustainable community economic development, enhance
business development and growth, and facilitate innovation.
Associated Links
- Backgrounder
- Canadian Northern Economic Development Agency
- Inclusive Diversification and Economic Advancement in the North
(IDEANorth)
- Jobs and Growth Fund
- Community Readiness Opportunities Planning (CROP)
Stay connected
Follow CanNor on X
(Twitter), Facebook and LinkedIn.
SOURCE Canadian Northern Economic Development Agency
(CanNor)