Thank you for that. And another question for -- is on Prosper NWT. How does Prosper NWT support -- what companies do they support in the Northwest Territories? Thank you.
Debates of March 6th, 2025
This is page numbers of the Hansard for the 20th Assembly, 1st Session. The original version can be accessed on the Legislative Assembly's website or by contacting the Legislative Assembly Library. The word of the day was know.
Topics
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Caitlin Cleveland Kam Lake
Thank you very much, Mr. Chair. So, Mr. Chair, between April 2005 to March 2024, Prosper NWT has supported 741 businesses across the Northwest Territories. So I certainly couldn't list them all out here but -- and then through those 741 businesses, they have disbursed approximately $128 million. But it might be of interest to Members -- and mind you these are regional areas, not political areas -- but:
- 162 businesses from the South Slave, that was 40 percent of the funds disbursed, $52 million;
- 386 businesses in the North Slave, that was $30 million, or 24 percent of funds disbursed;
- 60 businesses in the Deh Cho, which is $21 million or 16 percent of funds disbursed;
- Beaufort Delta is 106 businesses, $15 million or 12 percent of funds disbursed;
- And then finally in the Sahtu region, 27 businesses or $10 million which was 8 percent of the funds disbursed.
Thank you, Mr. Chair.
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Sheryl Yakeleya Deh Cho
Can the Minister tell me what support is provided in the support given by Prosper NWT to the companies. Thank you.
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Caitlin Cleveland Kam Lake
Thank you, Mr. Chair. So the programs and services afforded by Prosper NWT are everything from debt financing, which is primarily in the form of loans, venture investments, digital support programs, and also business services. So for example in the form of accounting or human resources support as well. Thank you.
Consideration In Committee Of The Whole Of Bills And Other Matters
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Caitlin Cleveland Kam Lake
Thank you very much, Mr. Chair. So, Mr. Chair, companies like Dene Fur Cloud are a subsidiary of Prosper NWT so is not counted in that previous area that I identified. So there a number of subsidiaries that Prosper NWT does support, and they are certainly for-profit companies, and Prosper NWT is working with them to continue to develop their business practices. Thank you.
Consideration In Committee Of The Whole Of Bills And Other Matters
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Sheryl Yakeleya Deh Cho
Thank you, Mr. Chair. Is it hoped that eventually Dene Fur Clouds would be totally independent and on its own? Thank you.
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Caitlin Cleveland Kam Lake
Thank you very much, Mr. Chair. So that is certainly my hope for every single one of the subsidiaries, that they are supported to develop business plans and business practices that make them wholly independent from Prosper NWT. I have asked the Prosper NWT, along with their board, and their board has made the same request to Prosper, to look at plans to move out of having to support these subsidiaries. So there's just under nine full-time staff that work at them across the -- well, in the communities where they are present, and the cost to Prosper is over a $1 million. And so ensuring that these businesses operate as a business and are empowered to become revenue positive is incredibly important to me and also to the board of Prosper NWT.
Consideration In Committee Of The Whole Of Bills And Other Matters
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Daniel McNeely Sahtu
Thank you, Mr. Chair. My question is on the expenditure side on 238. It seems that the compensation and benefits went up and grants, contributions and transfers went down. Did we, or is it part of this activity going to see additional staff being hired because of that compensation and benefits increase?
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Caitlin Cleveland Kam Lake
Thank you very much, Mr. Chair. This isn't additional staff. It's additional compensation and benefits through the UNW collective agreement. Thank you.
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Daniel McNeely Sahtu
Thank you, Mr. Chair. Thanks to the Minister for that clarification. I'm just wondering if there's any willingness, I would say, into this barging season and I must compliment or acknowledge the support from the Minister for last year's no barging activities to the Sahtu; now this year I see a blank in that category on page 239. Is the Minister open to reviewing this with the possibility that we may not have a barge again this year for entertaining relief? Thank you, Mr. Chair.
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Caitlin Cleveland Kam Lake
Thank you very much, Mr. Chair. And thank you to the Member for the question. I'd like to start off by acknowledging that it has certainly been a very difficult time for the Sahtu with the cancellation of the barge season and the impacts of climate change on Sahtu communities.
The barge cancellation program was a one-time program that we launched in recognition of the very difficult season that the Sahtu endured and certainly we, you know, hoped that water will come back. We know that it's predicted to be another dry year, and so we continue to encourage people to get insurance, especially businesses, to have shipping insurance beforehand and be prepared for low barging. We've encouraged people to try and bring as much stuff up on the winter road as absolutely possible now that we are in the leeway of that, to really work as hard as they can and as much as possible to prepare in advance. And I know that my colleague over at the Department of Infrastructure has equally worked very hard to make sure that fuel both on the part of the GNWT and has encouraged Imperial also to make sure that their fuel supplies and fuel sources are up on the winter road as well. Thank you.