Serving the communities of: Colville Lake, Deline, Fort Good Hope, Norman Wells, Tulita.
Support for Entrepreneur and Economic Development (SEED) Policy -- Consists of five categories with multiple elements to each. The program may help fund areas of business development such as business planning, start-up funding, expansion, business skills, and others.
Applications are available at the ITI office in Norman Wells, or please contact your local Economic Development Officer at busanalyst@theedgenw.ca or call 867-587-2016 at the Sahtu Business Development Centre.
The Center is a gateway to government information for business. They provide a very broad range of information on government services, programs and regulations; they also provide several useful services to business operators.
May be a source of financial assistance, information, resource materials and referrals. Clients must be individuals of Canadian Indian, Métis or Inuit heritage, or majority-owned (51% or greater) Aboriginal organizations, or community development corporations. There is no local office in Norman Wells; the NWT office is located in Yellowknife on the sixth floor of the YK Center and can be reached by calling (867) 920-6624. Staff from the Yellowknife office occasionally travel to NWT communities such as Norman Wells.
There are several types of programs available for assisting with business development, depending on whether it is a new or existing business. There are online applications available on the ABC’s website, and paper applications may also be may be mailed or faxed in to the Yellowknife office. Screening and then approval of applications generally takes a few weeks after a business plan is submitted to the ABC.
The BDIC established on April 1, 2005 by the Northwest Territories Business Development and Investment Act, is a Crown Corporation of the Government of the Northwest Territories. The BDIC provides a range of programs and services to help northern business succeed.
Making investments in business enterprises.
The BDIC promotes financial independence, assists communities in capturing economic development opportunities, and helps develop a diverse and viable northern economy. The BDIC’s role in promoting and maintaining economic development and employment has both economic and social aspects.
NWT Metis-Dene Development Fund Ltd.
The Sahtu Business Development Centre is funded through the Community Futures program. They provide business loans to qualified applicants, and provide small business counseling and advisory services.
Arctic Energy Alliance (AEA) has energy experts and rebate funding available to help your business conserve energy and improve its energy efficiency. If you own a business and are interested in saving money by reducing the amount of heating fuel, electricity and water used, or want to reduce your greenhouse gas emissions, the Commercial Energy Conservation and Efficiency Program is for you.
Contact the AEA for funding and advice for energy efficiency upgrades to your business.