Mahsi, Mr. Speaker. Your committee would like to report on its consideration of Bill 84, An Act to Amend the Northwest Territories Business Development and Investment Corporation Act.
Bill 84 received second reading in the Legislative Assembly on March 30th, 2023, and was referred to the Standing Committee on Economic Development and Environment for review. Committee proceeded by distributing stakeholder letters and holding a public hearing in Yellowknife on May 10th, 2023, where committee heard from members of the public and from the Minister of Industry, Tourism and Investment, alongside the chief executive officer of the Business Development and Investment Corporation. Committee had concerns about the corporation's board composition and developed an amendment to address this. Through public engagement, committee also heard concerns from stakeholders about the rebranding efforts. What committee found was a lack of clear public information about the rebranding efforts of the corporation. This, in combination with a board that needs better representation of the entire territory, led committee to its final decision about the readiness of Bill 84 to continue in the legislative process.
Mr. Speaker, committee reports that Bill 84, An Act to Amend the Northwest Territories Business Development and Investment Corporation Act, is not ready for consideration in Committee of the Whole. Mahsi.