Mr. Speaker, customer A is looking for x amount of dollars to expand or to create new business that is going to provide new job opportunities. He goes into RWED and he says to them, this is what I want to do. RWED says there are options out there. There is the BCC, there is the grant program, there is this Aurora Fund, et cetera. What I am saying to you is RWED does this, fortunately, on behalf of the fund at no cost because of its obligation to the private sector and its responsibilities to aid it in trying to find alternate sources of capital, besides GNWT or the conventional banks, et cetera. That is all I am trying to say. The fund is another Government of the Northwest Territories capital option that we can provide to the business community. It has some limitations, as we all know, and tomorrow in the briefing we will be able to give you a very precise description of how the fund operates and its successes and failures to date. Thank you.
John Todd on Question 671-13(4): Aurora Fund Marketing Strategy
In the Legislative Assembly on October 14th, 1997. See this statement in context.
Further Return To Question 671-13(4): Aurora Fund Marketing Strategy
Question 671-13(4): Aurora Fund Marketing Strategy
Item 6: Oral Questions
October 13th, 1997
Page 1566
John Todd Keewatin Central
See context to find out what was said next.