
Economic Development Officers
Last Update: January 24, 2025
NT, Canada
Northwest Territories business support services
Economic Development Officers at a glance
Eligible Funding
- No Condition
Timeline
- Continuous Intakes
Financing Type
Expert Advice
Eligible Industries
- Mining, quarrying, and oil and gas extraction
- Real estate and rental and leasing
- Professional, scientific and technical services
- Arts, entertainment and recreation
- Accommodation and food services
Grant Providers
- Minister of Industry, Tourism and Investment (NWT)
- Government of the Northwest Territories
Status
Open
Overview of the Economic Development Officers program
Get specialized support to help expand and promote the development of your business.
Eligible projects & activities
Examples of admissible projects:
$ 40,000
Launch a mentorship program to support entrepreneurship in local communities
$ 60,000
Expand a social enterprise to include vocational training programs for at-risk youth
$ 65,000
Create a digital platform to streamline sustainable tourism in the city
$ 80,000
Expand our retail clothing business to include eco-friendly items and increase online presence
$ 65,000
Develop a mobile app for local food delivery from sustainable farms
Eligibility criteria of the Economic Development Officers program
Who is eligible?
Businesses and community organizations in the Northwest Territories seeking support in business development and expansion can apply for assistance through Economic Development Officers (EDOs). These EDOs are either directly employed by the Department of Industry, Tourism and Investment or by community governments funded by the department to promote local business growth.
Who is not eligible
There are certain types of companies that are not eligible for this grant.
- Companies engaged in illegal activities
- Non-profit organizations
- Companies without a physical presence in the NWT
Eligible expenses
Eligible expenses for this grant may include:
- New business development and existing business expansion
- Access to field specialists for various sectors
- Mentoring, funding, and business network development
- Business training, awareness, and counseling
- Sourcing information and market data
- Development of opportunities in various economic sectors
Eligible geographic areas
The Economic Development Officers program supports business development across various regions in the Northwest Territories (NWT), Canada. The regional offices facilitate economic growth by connecting businesses with specialized support in their respective areas.
- Sahtu
- South Slave
- North Slave (Yellowknife)
- North Slave (Behchokǫ̀)
- Beaufort-Delta
- Dehcho
Eligibility criteria of the Economic Development Officers program
There are evaluation and selection criteria for this grant. The Department of Industry Tourism and Investment assesses applications based on the following criteria:
- Alignment of the proposed project with economic development goals
- Evidence of community support and involvement
How to apply to the Economic Development Officers program
1
Identify Regional Economic Development Officers
- Visit the provided webpage to access contact information for Economic Development Officers (EDOs) relevant to your locality.
- Note the contact numbers for the appropriate regional office.
2
Initial Contact and Inquiry
- Contact the EDO in your region via the provided phone number.
- Discuss your business development needs and confirm eligibility for program assistance.
- Request guidance on the specific application process and any preliminary requirements.
3
Gather Necessary Information and Documents
- Compile all required information such as business plans, financial statements, and other relevant documents as advised by the EDO.
- Ensure all documents are complete and updated.
4
Application Preparation
- Work with your EDO to draft a comprehensive application form that outlines your project or business development plan.
- Include all supporting information as required by the specific program guidelines.
5
Submit the Application
- Follow the submission instructions provided by the EDO.
- Ensure submission before any applicable deadlines.
- Utilize online portals or physical mailing addresses as directed by the EDO for the submission process.
6
Await Response
- Monitor communications for any follow-up questions or additional information requests from the department.
- Keep in regular contact with your EDO to track the progress of your application.
Additional information
Here are additional relevant details for this grant:
- Economic Development Officers (EDOs) can provide tailored support and advice to applicants, enhancing the likelihood of successful grant applications.
- Applicants are encouraged to engage with their regional EDOs to leverage their networks and expertise in various business sectors.
- Regional EDOs have established connections with other organizations and financial institutions that may provide additional resources and support.
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