Community Economic Development - Industry, Tourism and Investment
This program offers funding to local communities and organizations aiming to boost their economies, support regional economic development projects, or invest in events that promote economic opportunities.
- Government of Northern Territories
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.
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