Project will contribute to long-term economic diversification for the
YELLOWKNIFE, Feb. 5, 2014 /CNW/ - Minister Aglukkaq today announced
funding for a project that will promote opportunities for employment
and skills development training in both the traditional and industrial
sectors of the Sahtu regional economy. With increased activity in the
resource sector in the region, this project will focus on developing a
diversified economy which benefits both traditional and industry
sectors, ensuring that those hired in one sector are aware of
opportunities in the other sector.
The two-year project is being led by the Sahtu Renewable Resources Board
in partnership with local Renewable Resources Councils and the
Government of the Northwest Territories Department of Industry, Tourism
and Investment. CanNor's investment of $185,000 together with partner
funding totals $284,000 over two years. The project will identify
emerging opportunities in both traditional and industrial sectors and
present an action plan to maximize opportunities in both sectors in the
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.
In 2012-2013 the traditional economy in the Sahtu Region experienced
unprecedented growth, driven by the emergence of major overseas markets
for Northwest Territories fur.
Last year 106 Sahtu trappers sold 3,944 pelts which injected a record
$725,000 into the local economy. Regional fur sales represented 27% of
the total for the NWT.
There is considerable potential for expanding production in several
areas of the traditional economy including subsistence harvesting,
trapping, outfitting, arts and crafts and traditional knowledge.
"Our Government is proud to fund projects that support strong,
sustainable and diverse northern communities. This investment
recognizes the important contribution that the traditional economy
makes to the long-term prosperity of this region."
Minister of the Environment, Minister of the Canadian Northern Economic
Development Agency, and Minister for the Arctic Council
"Exploring ways to strengthen the traditional economy ensures we can
work together to take full advantage of the opportunities that are
emerging in the Sahtu Region."
Minister of Industry, Tourism and Investment - Government of the
"The communities and environment of the Sahtu will remain healthy for
generations to come if our traditional economy is kept alive."
Chair, Sahtu Renewable Resources Board and President, Délıne Renewable
Image with caption: "Students at Colville School in Colville Lake, Northwest Territories show examples of fur trapped in the region. (CNW Group/Canadian Northern Economic Development Agency)". Image available at: http://photos.newswire.ca/images/download/20140205_C7806_PHOTO_EN_36303.jpg
SOURCE: Canadian Northern Economic Development Agency
For further information:
Office of the Honourable Leona Aglukkaq
Canadian Northern Economic Development Agency
Communications Advisor, NWT
Government of the Northwest Territories, Industry Tourism and Investment
Manager, Public Affairs and Communications
Sahtu Renewable Resources Board
For more information about CanNor, visit cannor.gc.ca
For more information on Canada's Northern Strategy, visit: northernstrategy.ca