Thank you, Mr. Speaker-elect. The reality is that the non-renewable resource extraction sector is still going to continue to be our largest revenue generator here in the Northwest Territories, and we must make some strategic investment to ensure that there's more exploration, more work done in that area. But there will be booms and busts, and we must be prepared to survive the booms and busts, which means we have to explore diversification of our economy here in the Northwest Territories.
There are a number of things that we can do. We can invest more into renewable technologies here in the Northwest Territories to help us reduce our energy costs, but also create a sector where people have to be trained and develop skills so that they can maintain this technology.
We know that in the Northwest Territories right now we have a large number of individuals who are 18 to 24 who don't even consider themselves to be part of the workforce here in the Northwest Territories. We need to focus in on those individuals and provide training to those individuals in a wide range of areas, including business. Give them the skills they need so that they can start small businesses back in their communities, back throughout the Northwest Territories, so that they can start moving forward with things like agricultural businesses, fishing businesses, more tourism opportunities in communities throughout the Northwest Territories. We have to invest in our people.
We also have to invest in some start-up costs for some of these industries like fishing or farming so that we can see movement in these areas. We have to consider some short-term debt for long-term benefits for people of the Northwest Territories. We have to invest in our people; we have to invest in small, local businesses. Thank you, Mr. Speaker-elect.