NKDF grants $179,119 for projects in Fraser Lake, Vanderhoof and Burns Lake
At the March 25, 2020 Board meeting of the Nechako-Kitamaat Development Fund Society, Directors approved $179,119 funding for six new projects.
The following grants were awarded to new projects:
Michelle Mungall, Minister of Jobs, Economic Development and Competitiveness, says, “These NKDF grants will provide new amenities to support business and recreation in Vanderhoof, Fraser Lake and Burns Lake. People who call this region home will benefit from these community development projects for years to come.”
Affonso Bizon, Rio Tinto BC Work’s general manager says, “Rio Tinto recognizes the importance to keep economic development projects going in our communities, especially at times like these. We are encouraged to see NKDF continue to support the sustainability of our local communities.”
NKDF Chair Cindy Shelford says, “The NKDF Board of Directors is pleased to partner in these projects as communities throughout the investment area grapple with the effects of COVID-19 while they strive for economic recovery.”
Nechako-Kitamaat Development Fund Society awarded $500,000 in grants for the 2019-2020 funding cycle.
The next application deadline is July 28, 2020. For more information please visit http://www.nkdf.org/
The Nechako-Kitamaat Development Fund Society was jointly established in 1997 with a combined contribution of $15 million by the government of British Columbia and the former Alcan Inc., now Rio Tinto. The Fund’s investment area includes lands impacted by the original Kemano project and focuses on the communities in the Ootsa, Lakes, Nechako and Haisla regions of the north.
The Society encourages applications from local governments, local First Nations governments and legally incorporated non-profit organizations. NKDF invests in projects that create sustainable employment, diversify the economy, and improve the basic infrastructure needed for community stability, quality of life and growth.
The Government of B.C. and Alcan Inc. each contributed $7.5 million to establish the Northern Development Fund in 1999. The investment income generated from this fund supports the NKDF grants program. Each partner has one representative serving on the board of directors. The NKDF is part of the portfolio of the Minister of Jobs, Trade and Technology.
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