Thank you, Mr. Chair. I'm pleased to present the 2017-2018 Main Estimates for the Department of Industry, Tourism and Investment. Overall, the department's estimate proposes a decrease of $4.4 million or 7.3 per cent over the 2016-2017 Main Estimates. These estimates continue to support the GNWT's objectives of ensuring a strong sustainable future for the government and its programs by effectively managing expenditures due to limited revenue growth. The 2017-2018 Main Estimates include an increase of $124,000 from the 2017-2018 Business Plan Review by Standing Committee in September.
This change is primarily due to the reinstatement of the proposed reduction to contribution funding for community transfer initiatives totaling $110,000. The mandate of ITI is to promote economic self-sufficiency through the responsible development of the Northwest Territories mineral and petroleum resources; the development of natural resources industry, including agriculture, commercial fishing, and the traditional economy; and the promotion and the support of tourism, trade and investment businesses in manufacturing and secondary industries to create a prosperous and diverse and sustainable economy for the benefit of all NWT residents.
ITI's 2017-2018 Main Estimates include budget reductions totalling $2.6 million. The department will look for ways to be more effective and efficient with the funds that it has available to ensure programs and services are providing the best value for money for our residents and our businesses.
The 2017-2018 Main Estimates also include new funding, specifically:
● $132,000 to establish a new full-time tourism development officer position for the North Slave region. This increase is in response to the growing number of tourism operators in the North Slave region, supporting the 18th Legislative Assembly's priority to lead economic diversification by investing in tourism.
● $132,000 to establish a new full-time investment and immigration officer position. This investment directly corresponds with our mandate commitment to increase the number of immigrants working in the NWT and increase investment by immigrants by implementing an immigration strategy that prioritizes streamlining application and processes, increasing awareness to immigration programs, and consolidating our administrative supports.
● $51,000 to establish a full-time territorial parks maintenance officer position to allow for winter use of our parks. The position is currently only a seasonal position. The department's 2017-2018 Main Estimates continue to support the priorities of the 18th Legislative Assembly's.
Specific activities in support of these priorities include:
● $4.79 million in total for the Tourism Product Diversification Program, Community Tourism Infrastructure, Tourism Industry Contribution, and Tourism Skills and Development, which aim to support tourism operators and product diversification and expansion into growing markets, contributions to municipalities, NGOs, and Aboriginal governments and organizations to support tourism through infrastructure contributions, NWT Tourism and the development of youth mentorship and community tourism coordinators.
● $3.87 million for the support of entrepreneurs and economic development, which provides a wide range of assistance to businesses and individuals to support and stimulate business development and diversification. It also supports community-based initiatives that stimulate the local economy.
● $3.64 million for the Business Development Investment Corporation and Community Future Contributions to support the economic objectives of the GNWT by encouraging the creation and development of northern businesses.
● $1.59 million for community transfer initiatives which provide funding for economic development officer positions in NWT communities.
● $850,000 for the Northern Food Development Program and Growing Forward 2 to expand the agriculture sector and remove barriers to creating employment and facilitating the development of a northern food production sector. These initiatives provide support to the commercial producers of northern fish, meat, and other food products for sale and consumption in the NWT.
● $155,000 in contributions for the marketing and promotion of the Genuine Mackenzie Valley Fur.
● $225,000 for contributions to support commercial fisheries by offsetting high freight or production costs.
● $400,000 for the mining incentive program that provides contributions and support of mineral exploration in the NWT.
● $100,000 for Aboriginal mineral development support which assists Aboriginal organizations to prepare for and share in the benefits of the mineral development in their area.
That concludes my opening remarks. Thank you, Mr. Chair.