Fact Sheet
Northwest Territories Region
Targeted Investment Program (TIP)
Indian and Northern Affairs Canada (INAC) is investing in the
North, Northerners, their communities and businesses through an
economic development program known as Strategic Investments in
Northern Economic Development (SINED). This program is tailored
to the needs of each territory and, in the NWT, the Targeted Investment
Program (TIP) has been established under SINED.
TIP focuses primarily on investments designed to build knowledge
in key economic sectors, enhance economic infrastructure, develop
capacity, and promote diversification. Investments made under
TIP are guided by multi-year investment plans in each territory.
In the NWT, five strategic investment areas have been identified
to address economic development priorities:
Geoscience Data Collection
- increase geological resources knowledge base
Growing the NWT Tourism
Industry –diversify an underdeveloped industry
Access to Capital for Small
Business – increase participation in the
economy
Transportation and Energy Infrastructure
– support economic infrastructure and industrial initiatives
Enhancing Local Capacity
to Seize Economic Opportunities – increase
northern business capacity and support economic diversification
activities
Approximately $22.8 million is available in the NWT over the
next three years to March 31, 2009. These funds will be allocated
based on projects aligned with the Investment Plan.
Investment projects will occur either through targeted invitations
or open calls for Expressions of Interest. These calls for projects
under the Targeted Investment Plan (TIP) will be accepted in the
areas of Tourism Infrastructure and Product
Development; Enhancing Local Capacity to Seize Economic Opportunities;
and Transportation and Energy Infrastructure Planning.
For further information please
contact:
Indian and Northern Affairs Canada
Northwest Territories Region
4920 – 52nd Street
P.O. Box 2760
Yellowknife NT X1A 2R1
Toll Free: 1 866 669 2620 or 867 669 2627
Fax: 867 669 2711
