Funding for the Nunavut Economic Developers Association helps Nunavut seek out new foreign direct investment opportunities, Minister Aglukkaq, says
October 17,2012 –The Honourable Leona Aglukkaq, Member of Parliament for Nunavut, Minister of Health, Minister of the Canadian Northern Economic Development Agency, Minister for the Arctic Council, and Regional Minister for the Territories, on behalf of the Honourable Ed Fast, Minister of International Trade and Minister for the Asia-Pacific Gateway, today announced that the Nunavut Economic Developers Association is receiving funding to help attract, retain and expand foreign direct investment in Nunavut.
“Our government is focused on what matters to Canadians: jobs, growth and long-term prosperity,” said Minister Fast. “Attracting foreign investment is key to these efforts, and our government will continue to take steps to ensure Canada remains an investment destination of choice. From the lowest overall tax rate on new business investment in the G-7 to what the World Economic Forum has said for the past five years is the world’s soundest banking system, our government continues to create the conditions needed to attract the global investors who create jobs and new sources of economic growth and prosperity in our communities.”
“Both the federal government and municipalities share the objective of bringing new investment to communities across Canada," said Minister Aglukkaq. "That is why we are proud to support activities by the Nunavut Economic Developers Association to attract investment. In these globally challenging times, we will continue to support initiatives that help bring jobs and prosperity to Nunavummiut.”
The funding, which was announced nationally on October 1, is provided under the Invest Canada-Community Initiatives (ICCI) program to help communities, organizations and economic development agencies across the country attract, retain and expand foreign direct investment. The program supports municipalities, non-profit organizations and public-private groups at the local level and works through partnerships and cost-sharing arrangements.
Since 2006, the ICCI program (formerly known as the Community Investment Support Program) has helped grow Canada’s economy by supporting 394 municipalities and community organizations through 863 projects in every region of Canada.
For a list of all 2012/2013 ICCI recipients and to learn more about this program, please consult Invest Canada - Community Initiatives (ICCI).