Economic Diversification program generates huge value for northern B.C.

March 5, 2014

Northern Development Initiative Trust’s Economic Diversification Infrastructure program has been one of the most successful and highly utilized funding streams available to communities in central and northern B.C. in the last decade.

Since 2005, the program has provided morethan $48 million in grant and loan funding to 122 distinct projects that support new revenue and job creation throughout the region.

The funding has gone into dozens of communities throughout central and northern B.C., helping to build pools, arenas, cattle auction marts, heritage and cultural centres and support theexpansion of airports and marinas.

The Economic Diversification Infrastructure program provides up to $250,000 in funding for municipalities, regional districts, First Nations and non-profit organizations in Northern Development’s service area for projects that significantly strengthen the local economy via a major capital investment.

The program specifically targets funding for public multi-use facilities or capital investments that drive revenue and job creation and provide a long-term asset for the community.

Municipalities, regional districts, FirstNations bands and registered non-profit organizations are eligible to apply to the program via Northern Development’s four regional development accounts.

For more information about Economic Diversification Infrastructure funding,

Watch the video above and visit the Economic Diversification Infrastructure program page.