City of Yellowknife creates economic development strategy
YELLOWKNIFE, Nov. 19, 2013 /CNW/ - The Honourable Leona Aglukkaq,
Minister of the Environment, Minister of the Canadian Northern Economic
Development Agency (CanNor), and Minister for the Arctic Council, today
announced an investment for research into opportunity readiness to
support development and implementation of a five-year economic
development strategy for the City of Yellowknife.
"Our Government is pleased to invest in projects which will identify
economic opportunities for people living and working in Yellowknife,"
said Minister Aglukkaq. "We recognize the tremendous potential of the
North and this initiative will help ensure that Northerners can
participate in and benefit from the economic success of the territory."
"The City of Yellowknife, in partnership with Federal and Territorial
orders of Government, is creating and implementing our Economic
Development Strategy," said Yellowknife Mayor Mark Heyck. "Over the
next five years, the City will be faced with opportunities, challenges
and exciting new developments through the growth of our territory."
"This Strategy Development process will build on the findings and
approach of the NWT Economic Opportunities Strategy and extends the
model of economic partnership and collaboration that has already been
established," said GNWT Minister of Industry, Tourism and Investment
David Ramsay. "The economic health of our capital city will benefit
from strategic, appropriate and cooperative investments, and
establishing a foundation of sound economic planning in Yellowknife
will serve to support economic prosperity for all NWT residents."
CanNor is pleased to invest $100,000 to support research toward the
creation of an economic development strategy for the City of
Yellowknife. Research will focus on connecting Yellowknife businesses
to economic opportunities across multiple sectors, and it will
contribute to better informed decision-making by the City of
Yellowknife as it prepares for the next wave of activity associated
with major projects as well as economic diversification initiatives.
With contributions from the proponent and the Government of the
Northwest Territories, this initiative represents a $165,000 investment
in economic diversification and readiness for current and emerging
major projects. These efforts are complemented by the recently
announced NWT Economic Opportunities Strategy, which seeks to connect
businesses and communities to economic opportunities in the Northwest
Territories, and is an initiative in which CanNor also invested.
Investment in this project is made possible through CanNor's Strategic
Investments in Northern Economic Development (SINED) program, which
focuses on long-term economic growth, economic diversification and
capacity-building across the North. SINED is one of several economic
development programs within CanNor. CanNor works to help develop a
diversified, sustainable and dynamic economy across Canada's three
territories, and delivers on its northern mandate through funding
programs, the Northern Projects Management Office and by undertaking
policy and research.
SOURCE: Canadian Northern Economic Development Agency
For further information:
For more information about CanNor, visit cannor.gc.ca
For more information on Canada's Northern Strategy, visit: northernstrategy.ca
For further information, please contact:
Office of the Honourable Leona Aglukkaq
Canadian Northern Economic Development Agency
City of Yellowknife
Director, Communications and Economic Development
Government of the Northwest Territories
Industry, Tourism and Investment
Manager, Public Affairs and Communications