Northern Development Initiative Trust works with communities, First Nations, local governments and businesses to build a stronger North by investing in economic development in central and northern British Columbia, Canada. Northern Development is an independent, non-profit corporation; a catalyst stimulating economic growth through investments in grassroots, community-led projects. They have a passion for growing the economy of central and northern British Columbia. When the Premier of British Columbia announced the Northern Development Initiative Trust, it was on the premise that, “The best economic development decisions for the North should be made in the North.” Established through legislation in the mid-2000’s, and initially infused with two deposits totalling $185 million, Northern Development is a regionally operated economic development funding corporation for central and northern British Columbia. Northern Development operates independently from government and provides the funding and ability to identify and pursue new opportunities for stimulating economic growth and job creation within the region.
To date, Northern Development has committed $167.5 million million in funding to more than 2,771 projects in central and northern B.C. communities driving more than $1.3 billion of investment by communities, business, and government into the region’s economy. Communities, First Nations and businesses of the north are leaders in creating jobs, new revenues and improving the quality of life in our region. Ever increasing partnerships are a testament to the strength of leadership in this northern decade of prosperity.
In addition to flowing funding into communities, Northern Development makes a difference through working with municipalities, regional districts and First Nations to build economic development staff and program capacity. The Grant Writing Support program enables grant writing positions in up to 54 communities each year, dramatically increasing the success communities have in applying for and securing grants. Northern Development’s internship program places university graduates from rural communities into short term economic development and local government roles as part of a practical hands-on six month training program. Energetic and enthusiastic young professionals provide direct assistance with economic development projects and gain the ‘real-life’ experience to be recruited into full-time economic development positions. Another valuable resource for growing businesses is Northern Development’s Competitiveness Consulting Rebate program. This provides a fifty percent rebate on business consulting expertise which allows companies to increase their productivity and accelerate revenues and employment as a result. Northern Development’s website highlights hundreds of success stories where Northern Development has played a role, working alongside the people of central and northern British Columbia.
Love Northern BC is Northern Development’s shop local initiative, showcasing small, independently owned and operated businesses throughout our region. The program highlights approximately 1,500 businesses across 34 communities, telling the unique stories of the owners, their vision, eclectic product and service mix, and their impact on their community.