Tourism Recovery Fund Set to Launch
| The Department of Industry, Tourism and Investment (ITI), in partnership with the Canadian Northern Economic Development Agency (CanNor), has launched a funding program that will help the Northwest Territories tourism industry recover from the impacts of COVID-19. ITI regional offices will start accepting applications for the Growth and Recovery by Investing in Tourism (GRIT) Fund, a $1.5 million, one-time program cost-shared equally by ITI and CanNor. ITI will deliver the program on behalf of both governments. The objective of the GRIT Fund is to address COVID-19impacts on tourism businesses by encouraging product development and marketing as well as contributing to select operational costs. This will enable tourism businesses to be ready to provide even greater services when travel restrictions ease and visitors return. Tourism businesses will be required to contribute 10 percent cash equity and use NWT suppliers to stimulate the local economy. Projects must be complete by March 31, 2021.
Quotes “Given the challenges our economy is facing, we are pleased to provide this specific funding to benefit the NWT tourism industry. Our tourism sector has been one of the hardest hit by Covid-19 and it is imperative that we continue support it through the pandemic and into recovery.” - Katrina Nokleby, Minister of Industry, Tourism and Investment
"Tourism is a cornerstone of the economy of the Northwest Territories, supporting good jobs across the territory. It’s been hit hard by COVID-19, which is why the federal government, through our Regional Relief and Recovery Fund, is working in partnership with the territorial government to help it flourish once again. Our message to tourism businesses and those whose livelihoods depend on them is clear: we’ve been here for you with significant measures, we’re here for you now as our economy reopens and we’ll get through this, together. We’re working with you to support good, local jobs and help tourism in the Northwest Territories come back strong.” - The Honourable Mélanie Joly, Minister of Economic Development and Official Languages and Minister responsible for CanNor
Quick facts · ITI and CanNor are each contributing $750,000 to GRIT Fund. CanNor’s funding is provided through its portion of the Government of Canada’s Regional Relief and Recovery Fund. · GRIT Fund is a one-time funding program.
Related links · Industry Tourism and Investment · Canadian Northern and Economic Development Agency
Media Requests, please contact: Bob Kelly Industry, Tourism and Investment Government of the Northwest Territories
Naomi Sharpe Communications Manager CanNor 867-975-3749 |
PDF • 887.04KB • Aug 12, 2020
PDF • 872.84KB • Aug 12, 2020