The Department of Industry, Tourism and Investment's mandate for economic development is supported by the Northwest Territories Business Development and Investment Corporation (BDIC).
The BDIC, established on April 1, 2005 by the Northwest Territories Business Development and Investment Corporation Act, is a Crown Corporation of the Government of the Northwest Territories. The BDIC provides a range of programs and services to help northern business succeed.
The BDIC supports the economic objectives of the Government of the Northwest Territories by:
- Encouraging the creation and development of businesses
- Providing information and financial assistance to businesses
- Making investments in business enterprises
The BDIC promotes financial independence, assists communities in capturing economic development opportunities, and helps develop a diverse and viable northern economy. The BDIC’s role is promoting and maintaining economic development and employment. This role has both economic and social aspects.