I have a return to Question O97-12(2), asked by Mrs. Marie-Jewell on February 20, 1992. The reasons for amending the business incentive policy were to:
a) provide for a better enforcement of the policy in order to ensure that the benefits of the policy are extended only to bona fide northern businesses and that "storefront" businesses do not benefit;
b) recognize the additional costs of operating in the smaller northern communities by providing a level of local preference;
c) ensure that all contracting organizations follow the GNWT preference policies so long as they receive the majority of their funding from the GNWT;
d) provide financial support, through the reinvestment of corporate earnings, to the northern economy.
Thank you