Northern Development Initiative is donating $1.1 million to fund small to medium businesses in Northern B.C. in forestry, agriculture, mining, energy, oil and gas, and manufacturing. (Photo supplied by Northern Development Initiative)

Small businesses in Northern B.C. to benefit to the tune of $1.1 million

Northern Development funds $1.1 million dollars to small businesses

  • Feb. 5, 2020 4:35 p.m.

Small businesses in Northern British Columbia will benefit to the tune of $1.1 million in grant funding committed by Northern Development.

“Central and Northern B.C. are crucial to the economic well-being of our entire province, and support for innovation is key to ensuring long-term prosperity in our resource industries,” Hon. Michelle Mungal, minister of jobs, economic development and competitiveness said.

READ MORE: Haida Gwaii and Prince Rupert organizations among new development funding recipients

Northern Development has committed $600,000 to the Competitive Consulting Rebate (CCR) and $500,000 to the North industries Innovation Fund (NIIF). These two programs directly support small and medium size businesses in central and northern B.C. that implement projects to create measurable economic benefit for the regions.

The funding will allow for the continuation of these programs to be a success. The outcome then will be the allowance of small businesses in central and northern B.C. to grow, thus become more competitive, create new jobs and strengthen local economics.

“This funding will support economic development in Northern B.C. It provides greater opportunity for small and medium size companies to be innovative and grow as they support our mining and energy sectors, ” Hon. Bruce Ralston, minister of energy, mines, and petroleum resources, said.

READ MORE: Feds to fund Indigenous energy projects in B.C. and Alberta

NIIF funding is to support applied research and development improved products and services, and testing of innovative equipment or technologies in the forestry, agriculture, aquaculture, mining, energy, manufacturing, and oil and gas sectors.

CCR funding is for small to medium sized businesses engaged in manufacturing, innovative technologies, resource processing, transportation, distribution.

“Northern B.C.’s economy has taken a hit this past year with mill closures and curtailment’s. However, the people who live and work here are resilient and capable. Northern Development is eager to support those businesses in or region that seek out innovative opportunities in order to grow our economy and improve life in the north,” Joel McKay, CEO of Northern Development Trust said.

K-J Millar | Journalist 
Send K-J email
Like the The Northern View on Facebook
Follow us on Twitter

Local BusinessSmall Business

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Terrace cab stolen, found destroyed along Hwy 16 riverbank at rest stop near Prince Rupert

Driver was sent to hospital after stealing the running vehicle from company lot

$750K for Metlakatla erosion control

New funding for community shoreline

Wet’suwet’en hereditary chiefs call for end of police patrols

Temporary closure of field office not enough to meet demands

Chinese New Year celebrates 2020 year of the rat

Lions woken in rare traditional Chinese New Year ceremony

CGL must revise impact assessment on Unist’ot’en Healing Center

Environmental Assessment Office not satisfied with report’s shortcomings

VIDEO: Illicit drug overdoses killed 981 in B.C. in 2019, down 38%

Chief coroner says figures were down about a third in the province’s fourth year of the opioid crisis

VIDEO: B.C.’s seventh coronavirus patient at home in Fraser Health region

Canada in ‘containment’ as COVID-19 spreads in other countries

B.C. takes over another Retirement Concepts senior care home

Summerland facility latest to have administrator appointed

Prescription opioids getting B.C. addicts off ‘poisoned’ street drugs

Minister Judy Darcy says Abbotsford pilot project working

Royals, Elvis, Captain Cook: Hundreds of wax figures find new life in B.C. man’s home

Former director of Victoria’s Royal London Wax Museum still hopes to revive wax figure tourism

Teck CEO says Frontier withdrawal a result of tensions over climate, reconciliation

Don Lindsay speaks at mining conference, a day after announcing suspension of oilsands project

Okanagan man swims across Columbia River to evade Trail police

RCMP Cpl. Devon Reid says the incident began the evening of Thursday, Feb. 20

‘Hilariously bad’: RCMP looking for couple with forged, paper Alberta licence plate

Mounties said the car crashed when it lost a wheel but the duo ran away as police arrived

UPDATE: Two missing scout leaders found near Sooke after swollen creek traps troop

Third leader and scouts located, prior to search for two leaders who’d gone for help

Most Read