Western Arctic Business Development Corporation

Western Arctic Business Development Corporation Developmental Lender WABDC functions through three types of activities. These are as follows:

1. b. c. d.

Strategic Planning Activity
This activity involves developing a strategic plan for addressing the region’s labour market problems. The plan identifies the causes of the region’s potential for change and recovery, and identifies the immediate and long term employment adjustment needs for the region. The strategic plan is designed to work with other organizations on regional-based development stra

tegies, develop initiatives that build a platform for supporting employment and designing and supporting issues that will result in direct employment and income growth, stabilization, diversification, or downward adjustment, depending upon local circumstances.

2. Small Business Counselling and Advisory Services
This activity includes fostering the establishment, expansion and stabilization of small business in the region by
a. providing entrepreneurial, commercial, financial, marketing and other business advice and counselling to small businesses, prospective entrepreneurs and persons seeking to establish new businesses; and
b. referring clients, where appropriate, to other agencies or programs that provide assistance to small business.

3. Investment Fund Activity
This activity includes providing financial assistance in the form of Loans, Loan Guarantee(s), Letter(s) of Credit and Lines of Credit to small businesses in the region by assisting in the creation or maintenance of long-term employment in the region. It is recognized that in the near term, the operation of WABDC will be mainly supported by public funds. Further, the success of WABDC will require it to be both a visible and credible member of the economic community of the Western Arctic region. For these reasons it is essential that WABDC be operated on sound management principles, as follows:
a. Regular results-oriented planning for the organization will be undertaken. These activities will direct efforts to ensure that long-term goals and objectives are addressed. Physical, human, and financial resources will be effectively organized to ensure maximum efficiency of use. Selective mechanisms will be introduced to control resources as a protection from loss, misallocation, or misuse. Good human resource management principles will be followed so as to encourage maximum motivation and productivity of staff.

11/11/2021
11/11/2021

You can now share your ideas with us – CanNor is accepting all Expressions of interest (EOI). If your project is about one of these community economic development priorities, we want to know more:

1. Diversification and Innovation, such as business Scale up and Market Expansion; Regional Innovation Ecosystems; Indigenous Economic Development; and Sector Development, such as tourism, arts and culture, fisheries, food systems.
2. Infrastructure Investments and Development to maximize local and regional opportunities.
3. Resource Development, such as support the development and growth of SMEs within the supply chain and remediation sectors.
4. Skilled Workforce to increase availability and quality job skills training based on industry demand.
5. Economic Recovery & Stabilization to support communities, not for profit organizations and SMEs in the economic recovery of their sector (e.g. tourism).

For full details about the EOI, such as in-depth details on what we are looking for, how to apply and timelines, please visit our website at http://ow.ly/rE9550GH0SW.

If you have questions, or if you would like to know when the next EOI information session is being held, please contact your regional CanNor office.

11/02/2021

Attention, registered apprentices! Aurora College is offering training starting in January 2022.

Note: This training is available ONLY to registered apprentices.

10/25/2021

Erica Donovan's beaded earrings listed on Simons' Fabrique 1840 website sold out within a day. The Inuvik artist is in talks with the site to make more.

10/16/2021

Children who attended either of the junior kindergarten classes at East Three Elementary School in Inuvik on Wednesday, October 13, 2021 from 830 am to 12 noon must Isolate for 10 days. Parents must arrange for testing for the children isolating.

Read the full advisory: https://bit.ly/3n4KnrQ

*The date was previously listed as Tuesday October 12th. This has been amended to Wednesday, October 13, 2021 from 8:30 am to 12 noon.

Address

Suite 204 - 125 MacKenzie Road PO Box 2360
Inuvik, NT
X0E 0T0

Opening Hours

Monday 8:30am - 5pm
Tuesday 8:30am - 5pm
Wednesday 8:30am - 5pm
Thursday 8:30am - 5pm
Friday 8:30am - 5pm

Telephone

(867) 777-2836

Website

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