March 5, 2014
Northern Development has already approved nearly $2.5 million in new funding in 2014, and has increased its annual grant allocation limit and updated several funding programs
Central and Northern B.C. – More money for economic development projects will be available than ever before from Northern Development in 2014. In February, the Trust’s board of directors unanimously supported a decision to increase the annual grant allocation from 5% to 7% of the capital base, meaning that a total of $11.4 million in grants will be available to local governments, First Nations and non-profits throughout the region in 2014. Read the full story here.
Meantime, Northern Development’s board of directors has approved nearly $2.5 million in funding for projects throughout central and northern B.C. in the first two months of 2014. At the end of February, some 60 unique economic development and capacity building projects had been approved for funding, including:
Read the full story here.
As well, included in the $2.5 million in funding approvals so far this year is $400,000 in funding for business façade improvements in 20 communities throughout central and northern B.C. Each of the 20 communities will receive $20,000 to partner with local businesses to improve the look and feel of commercial areas. To find out what communities will receive grants, read the full story here.
Northern Development Initiative Trust