Business & Economic Development
Community Futures
The Community Futures Program is a community-based economic development initiative delivered in each region by Community Futures Development Corporations.
These Corporations operate independent of government as non-profit organizations and are overseen by volunteer Boards of Directors representative of the regions and communities that they serve.
Annual funding for the Community Futures Program is obtained through contributions from the Government of the Northwest Territories.
While each Corporation has some flexibility to set its own priorities for economic development in its respective region, they each offer a core set of services including:
- Business loans and loan guarantees including term loans up to a maximum of $150,000.
- Counseling and assistance for entrepreneurs beginning or expanding a business.
- Wage subsidies for those who are unemployed and want to start a new business.
- Access to Canada Business NWT Internet sites and business information services.
All thirty-three NWT communities have access to the Community Futures Program. Seven organizations deliver community futures programs in the Northwest Territories. They are represented by the Community Futures Association.
Regional programs and services provided by the Department of Industry Tourism and Investment are delivered through offices in: Yellowknife (North Slave), Fort Smith (South Slave), Norman Wells (Sahtu), Fort Simpson (Dehcho) or Inuvik (Inuvik).
To find the ITI office for your Region click here