Return to Written Question 8-14(6) asked by the Member for Mackenzie Delta and responded to by the Minister of Resources, Wildlife and Economic Development on the business incentive policy.
As of August 31, 2003, there were 1,435 businesses registered under the current business incentive policy, BIP. Of these 1,435 registered businesses, 94.5 percent were owned by residents of the Northwest Territories. The remaining 5.4 percent were non-resident businesses that have operated in the North for longer than 10 years, as allowed for in the business incentive policy.
The BIP program budget is $298,000.
The current registration for BIP is based on ownership and does not distinguish between wholly-owned subsidiaries and branch operations. The Government of the Northwest Territories is establishing a contract registry that will provide information on all tenders and proposals valued over $5,000, the evaluation and award results including the total BIP bid adjustments and any applicable premiums.
There were 7,698 employees of registered BIP companies.