For information on funding programs and support for business development in Norman Wells, check the following information:
ITI Sahtu Regional Office
Serving the communities of: Colville Lake, Deline, Fort Good Hope, Norman Wells, Tulita.
PO Box 149
1A Raven Road, 2nd floor Edward G. Hodgson Building, Norman Wells, NT X0E 0V0
Tel: (867) 587-7166
Fax: (867) 587-3018
Several programs are available through ITI; there is a local office in Norman Wells that provides support and program information. The following programs may be of interest:
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 email@example.com or call 867-587-2016 at the Sahtu Business Development Centre.
See ITI’s Investment and Economic Analysis website for more information: http://www.iti.gov.nt.ca
Canada/NWT Business Service 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.
For more info visit – http://canadabusiness.ca/
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.
The BDIC supports the economic objectives of the Government of the Northwest Territories by:
- Encouraging the creation and development of businesses;
- Providing information and financial assistance to businesses; and
- 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.
Visit the BDIC website for more information – http://www.bdic.ca
NWT Metis-Dene Development Fund Ltd.
MDDF is an Indigenous owned (50% First Nations / 50% Metis) Access to Capital Corporation. We provide capital direct to client in a number of different ways (Term Loans, Working Capital Loan, Lines of Credit, Irrevocable Letters of Credit and others) as well as delivering CanNor’s EBD nonrepayable contribution program. We have no lower or upper limit on the amount we lend, EBD has a max per application of $99,999.00 (depend on qualifications). For lending there is no requirement to be Metis or Dene as we work with both Indigenous and non-Indigenous clients. The CanNor Contribution program does require clients to be majority Indigenous owned and controlled. Website is www.mddf.ca and inquiries can be made via email firstname.lastname@example.org or by phone at 867-873-9341 or by fax 867-766-3745. Applications are also PDF fillable on our website.
In addition MDDF owns G L Services Ltd. a business services company offer a number of business services and tax services to both business and individuals throughout the NWT. G L’s website is www.glservicesnwt.com
Norman Wells Financial Corporation
The Norman Wells Financial Corporation is the financial arm of the Norman Wells Land Corporation. The NWFC collects funds from the regional land claims and manages the NWLC account. The NWFC is primarily focused on providing funding to benefit members, such as funding for permitted activities, scholarships and bursaries, as well as funding the operations of the Norman Wells Land Corporation. Click here for more information.
Sahtu Business Development Centre
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.
This local Centre can be reached by contacting:
Ph: (867) 587-2016
Fax: (867) 587-2407
Arctic Energy Alliance
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.