In the past we did benefit from aurora fund one and aurora fund two. It is my understanding that the current initiative being headed up by Canada is called the opportunities fund. We've signed up to be a partner in that. Not all provinces have, but we anticipate as that process is unveiled we'll have access to money and then we'll have to sit down and are prepared to sit down with committee to talk about how this government would best utilize those resources that could flow from that opportunities fund. It's based on the same premise. It's an immigrant investor fund. People pay a certain amount of money which is returned to them after an amount of time and that can be used for an agreed upon purpose. The difference this time, as in past we had to go and solicit and market our own investment, this time Canada's doing it on our behalf and then they're parceling out the money to provinces and territories who have signed up. I'm not sure we exactly know quite yet what our share of the money will be, but we know we've signed up. Thank you, Mr. Speaker.
Brendan Bell on Question 459-15(3): Foreign Investment In The Nwt
In the Legislative Assembly on February 23rd, 2005. See this statement in context.
Return To Question 459-15(3): Foreign Investment In The Nwt
Question 459-15(3): Foreign Investment In The Nwt
Item 6: Oral Questions
February 22nd, 2005
Page 1483
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