CanNor investments support Indigenous economic development corporations in the Yukon
Today, the Honourable Daniel Vandal, Minister of Northern Affairs, Minister responsible for Prairies Economic Development Canada and Minister responsible for the Canadian Northern Economic Development Agency, announced an investment of $3.6 million to support two regional initiatives led by Indigenous economic development corporations across the Yukon.
While each project is unique, they both work towards helping communities and Northerners build towards future opportunities for economic growth by fostering an inclusive recovery, enhancing competitiveness and creating jobs across the territory.
Creating Economic Resilience $2.1M
CanNor is investing over $2.1 million in this three-year project by Kluane Community Development Limited Partnership (KCDLP), an economic development corporation with an independent mandate to manage certain business interests of the Kluane First Nation. The project will enable KCDLP to purchase heavy machinery and a shelter to expand their operations to better participate in construction activity, mining activity and clean energy production in Burwash Landing.
Funding towards this project will result in the creation of four full-time jobs and the expansion of eight full-time jobs. It will enable contracting opportunities in the Kluane Region as well as training and skills development opportunities for Kluane First Nation members. The total cost of the project is over $2.73 million.
Shop Facility Expansion $1.5M
CanNor is investing $1.5 million in this three-year project by Tr'ondek Heavy Equipment Ltd., one of the companies within the Chief Isaac Group of Companies, which is the for-profit development corporation for Tr’ondëk Hwëch’in. The project will expand an existing building at Tr'ondek Heavy Equipment Ltd.’s automotive, truck and transport truck repair operations in Dawson City.
Funding towards this project will result in business growth and will support employment by maintaining six full-time jobs and expanding four full-time jobs. The total cost of the project is $2 million.
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