Economic Development Officers
NT, Canada
Northwest Territories business support services
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|noCondition
grant_single|deadlines
- grant_single|timelineUnspecified
grant_single|financingType
Expert Advice
grant_single|eligibleIndustries
- 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_single|grantors
- Minister of Industry, Tourism and Investment (NT)
- Government of the Northwest Territories
grant_single|status
grant_card_status|open
grant_single_labels|preview
Get specialized support to help expand and promote the development of your business.
grant_single_labels|projects
This grant is available to companies in specific geographical areas within the Northwest Territories, as supported by the network of Economic Development Officers. These regions are designated to promote business development and economic opportunities.
- Sahtu
- South Slave
- North Slave (Yellowknife)
- North Slave (Behchokǫ̀)
- Beaufort-Delta
- Dehcho
grant_single|admissibleProjectsExample
$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
$80,000
Expand our retail clothing business to include eco-friendly items and increase online presence
$65,000
Create a digital platform to streamline sustainable tourism in the city
$65,000
Develop a mobile app for local food delivery from sustainable farms
grant_single_labels|admissibility
grant_eligibility_criteria|who_can_apply
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.
grant_eligibility_criteria|who_cannot_apply
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
grant_eligibility_criteria|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
grant_eligibility_criteria|zone
- Companies engaged in illegal activities
- Companies not registered or operating in the NWT
- Companies seeking funding for non-commercial purposes
grant_single_labels|criteria
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
grant_single_labels|register
Here are the steps to submit an application for support through an Economic Development Officer:
- Step 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.
- Step 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.
- Step 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.
- Step 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.
- Step 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.
- Step 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.
grant_single_labels|otherInfo
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.
Apply to this program
Empowering Local Business Growth in the Northwest Territories
This initiative aims to bolster economic development and business growth across the Northwest Territories (NWT) by leveraging the expertise and network of Economic Development Officers (EDOs). The program focuses on both new business creation and the expansion of existing ones through comprehensive support and regional collaboration.
Comprehensive Insights into the Economic Development Support Program
The Economic Development Officers (EDOs) program, facilitated by the Department of Industry, Tourism and Investment, plays a crucial role in fostering entrepreneurship and economic prosperity in the Northwest Territories (NWT). This initiative is meticulously designed to cater to the distinct needs of the NWT’s business landscape by providing targeted assistance, resources, and advisory services to emerging and expanding businesses alike.
EDOs serve as pivotal links between local entrepreneurs and a vast network of business development professionals, organizations, financial bodies, and government agencies. Their expertise spans various domains essential to business growth, ensuring that entrepreneurs have access to a reservoir of knowledge and practical advice. This holistic support system allows businesses to navigate the complexities of business creation, expansion, and diversification effectively.
Central to the mission of the EDOs is promoting new business development while simultaneously supporting existing business expansion. They accomplish this by offering avenues for substantial growth and development through personalized mentoring and comprehensive support. Entrepreneurs can tap into their extensive pool of resources, including regional tourism officers and petroleum officers, who bring specialized market insights and strategies to the table.
A key component of the program is the sharing of critical market data and intelligence, enabling businesses to make informed decisions that drive their growth. EDOs facilitate this by connecting businesses to local, regional, and national market databases. The data provided serves as the backbone for strategic planning and competitive positioning, empowering businesses to tailor their offerings to meet market demands effectively.
Furthermore, the program emphasizes the importance of networking and mentorship in business success. EDOs work to bridge connections between business owners and a wider business ecosystem, encompassing various sectors that form the economic backbone of the NWT. Through these networks, businesses can secure funding, share best practices, and uncover collaborative opportunities that lead to synergistic growth.
Business training, counseling, and awareness programs provided by EDOs contribute significantly to building a well-rounded and knowledgeable entrepreneurial community. By focusing on skill development and capacity building, these educational programs ensure that business owners and their teams are equipped with the latest tools and techniques essential for navigating the ever-evolving business landscape.
In essence, the economic development strategy orchestrated by EDOs reflects a commitment to nurturing a sustainable and dynamic business environment within the NWT. By fostering an ecosystem that encourages innovation, diversity, and resilience, the program aligns itself with the broader goal of enhancing regional socio-economic well-being.
Through these concerted efforts, the EDOs program not only aids in the immediate development of businesses but also paves the way for long-term economic prosperity in the NWT. As such, businesses engaged with the EDOs gain a competitive edge, becoming integral contributors to the region's economic fabric and cultural vitality.
