Community Economic Development - Industry, Tourism and Investment

Overview of the Community Economic Development - Industry, Tourism and Investment program:

These funds can help organizations looking to advance regional economic development initiatives by investing in planning, infrastructure, information campaigns, and events promoting economic opportunities.

Benefits of the Community Economic Development - Industry, Tourism and Investment program:

• The Community Economic Development program offers up to $25,000 in support for various projects:
• Feasibility Studies and Planning:
• Funding for strategic plans, evaluations, and planning costs to explore economic opportunities and utilize community resources.
• Infrastructure Development:
• Funds for purchasing or improving physical infrastructure (capital assets) essential for business development.
• Business Information Access:
• Support for projects that enhance access to business information.
• Community Festivals and Events:
• Funding for organizing and promoting festivals and events that showcase local products or talent, crucial for economic growth.

Eligibility criteria of the Community Economic Development - Industry, Tourism and Investment program:

• NWT-based associations, municipalities, and Indigenous organizations are encouraged to apply.
• Equity Requirements:
• Group 1 Communities: (Yellowknife, Hay River, Fort Smith, Inuvik) must cover 30% of project costs.
• Group 2 Communities: (All other NWT communities) must cover 20% of project costs.