The NWT will see almost $2 million in funding for Indigenous projects according to a federal funding announcement made Sunday. 

The Canadian Northern Economic Development Agency (CanNor), announced an investment of nearly $5 million for the three territories to support projects that promote sustainable community economic development and facilitate growth, according to a news release. 

The funding supports 11 Indigenous community led organizations, six of which are in the NWT. 

Almost half of the money, $908,635, is going into a Giant Mine reclamation and remediation project being carried out by Yellowknife Dene owned DetSA国际影视传媒檕n Cho Management LP (DCM). 

By the end of the two year project, the goal is for DCM to establish a rock aggregate production division and to develop the controversial Vee Lake Quarry in order to provide the necessary materials for remediating the mine. The project is expected to create 12 to 14 new full-time positions in NSA国际影视传媒檇ilo.  

Also supported by the funding, are projects focused in economic development, including a shared strategy between the city of Yellowknife and the YKDFN and an investment vehicle with the Denendeh Development Corp. Tourism plans through the Sahtu Dene Council and Yellowknife Dene First Nations are also being supported to establish sustainable cultural tourism economies. 

All projects have supplementary funding streams in addition to the CanNor investment dollars.

The aim of the funding is to create economic opportunities for Indigenous businesses and communities, and to build capacity to ensure the communities themselves lead the way.

The announcement was made on Aug. 9, International Day of the World's Indigenous Peoples, to demonstrate, as stated in the news release, the governmentSA国际影视传媒檚 commitment SA国际影视传媒渢o creating economic opportunities for Indigenous businesses and communities.SA国际影视传媒�

SA国际影视传媒淚t will create good local jobs in Indigenous communities.SA国际影视传媒�

Larry Bagnell, the minister responsible for CanNor, said SA国际影视传媒淚ndigenous small- and medium-sized businesses exemplify the ingenuity and drive that is at the core of the entrepreneurial spirit in CanadaSA国际影视传媒檚 territories.SA国际影视传媒� He said the investment will SA国际影视传媒渉elp communities and businesses capitalize on economic development and growth opportunities.SA国际影视传媒�