Check against delivery

Mr. Speaker, the Northwest Territories Business Development and Investment Corporation, or BDIC, is excited about business development and digital transformation opportunities in the territory.  As we shift to a digital economy where consumers are purchasing more goods and services online, looking for e-commerce convenience, and expecting vendors to personalize offerings, there is a greater need to support businesses to establish or increase their online presence.

I am pleased to announce the introduction of the Accelerate Digital Adoption Projects for Tomorrow Fund, or ADAPT, at the BDIC.  The fund is a revamp of the BDIC’s Contribution Program to assist businesses with digital adoption.  This fund can be used in combination with the Canadian Digital Adoption Program for a total of $5,000 to get online, increase online presence, boost e-commerce or digitalize operations.

The federal Canadian Digital Adoption Program provides qualifying NWT small businesses with up to a $2,400 grant and e-commerce advice to help businesses build their digital capacity. The Accelerate Digital Adoption Projects for Tomorrow Fund is designed to complement the federal program funding with up to an additional $2,600 available in grant funding for a total of $5,000.

To deliver its mandate to help create and develop business enterprises in all industries and promote economic development in the Northwest Territories, the BDIC is committed to finding ways to create value for entrepreneurs that are entering the digital market or expanding their digital presence. 

Thank you, Mr. Speaker.