MP Michael McLeod proclaims help for enterprise innovation and financial progress within the Northwest Territories
Canadian Northern Financial Improvement Company (CanNor) is investing over $210,000 to assist Northwest Territories (NWT) companies reap the benefits of new financial alternatives
YELLOWKNIFE, NT, Feb. 1, 2023 /CNW/ – Constructing a robust financial system means supporting companies as they adapt, develop and hunt down new financial alternatives. Within the Northwest Territories (NWT), Indigenous and Northern companies are constructing a path ahead by creativity, new concepts and innovation, and diversifying our financial system, and the Authorities of Canada is making focused investments to help companies and create good jobs Northerners can depend upon.
At the moment, Michael McLeod, Member of Parliament, Northwest Territories, on behalf of the Honourable Dan Vandal, Minister of Northern Affairs, PrairiesCan and CanNor, introduced investments of over $210,000, delivered by CanNor, to help three initiatives that transfer financial growth ahead in NWT. The initiatives receiving funding are Metcor Inc.’s growth of an motion plan to maximise alternatives for Indigenous participation in Northern remediation initiatives, Kasteel Development and Coatings Inc.’s initiative to enhance specialty coaching for trades in NWT, and the Authorities of the Northwest Territories’ (GNWT) Geological Survey’s evaluation of geological supplies for cement manufacturing.
Federal funding helps initiatives in NWT
Funding for these three NWT initiatives led by companies, neighborhood organizations and Indigenous financial growth firms contributes to NWT’s financial system and helps innovation in various financial sectors. By way of these initiatives, NWT companies will be capable to create jobs for employees and discover future alternatives for financial progress.
Quotes
“Innovation and financial progress within the Northwest Territories depend on the creativity, management, and dedication of entrepreneurs, neighborhood teams and Indigenous financial growth organizations. By way of CanNor, our authorities is offering direct help on the bottom to assist enhance financial progress, create good jobs for employees and promote long run financial sustainability.”
– The Honourable Dan Vandal, Minister of Northern Affairs, PrairiesCan and CanNor
“Offering help to NWT companies helps them create and construct new financial alternatives. Sturdy and resilient financial growth relies on strategic investments like these which assist with diversifying native economies, creating good jobs and offering Indigenous financial growth alternatives which help financial reconciliation.”
– Michael McLeod, Member of Parliament, Northwest Territories
“Our ongoing work to diversify the financial system of the Northwest Territories consists of utilizing science and innovation to maximise advantages from the huge geological sources we have now within the Territory in addition to supporting native enterprise enchancment and enlargement initiatives. Our main geoscientists have recognized a possible homegrown answer to an ongoing demand for supplies. I’m additionally happy that it will permit native companies to extend not solely their worker ability ranges however help others of their sectors with coaching alternatives and an understanding of how they’ll capitalize on areas of financial progress. That is the sort of pondering and creativity we have to assist our financial system develop, and we thank our companions CanNor and the College of Alberta for bringing us nearer to our aims.”
– Minister Caroline Wawzonek, Division of Business, Tourism and Funding
“Kasteel is targeted on caring for our communities and serving to Northerners develop. Northerners should prepare Northerners wherever attainable. The funding for this venture will permit us to deliver extra specialised security coaching to the North, so our communities can entry extra various coaching alternatives delivered by such Northerners proper at house. We’re really grateful for CanNor’s help in our journey to supply extra progress alternatives within the North.”
– Trevor Kasteel, President of Kasteel Development and Coatings Inc.
“The North Slave Metis Alliance is proud to have participated within the growth of the initiative to create a technique to extend indigenous participation in Northern Remediation Tasks. This initiative aligns with our tradition and values of preserving the pure surroundings and bringing the land again to its pure state. We’re very appreciative of CanNor’s help in our quest to make sure that all mines can have a profitable lifecycle by to full and full remediation.”
– John Hazenberg, Head of Enterprise Improvement, North Slave Metis Alliance
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SOURCE Canadian Northern Financial Improvement Company (CanNor)
For additional info: Kyle Allen, Press Secretary and Communications Advisor, Workplace of the Minister of Northern Affairs, PrairiesCan and CanNor, [email protected]; Barbara Abramchuk, Communications Advisor, NWT, CanNor, [email protected]
