At the September 11, 2012 meeting of the Nechako-Kitamaat Development Fund Society in the community of Kitamaat Village, the Board of Directors approved funding for three projects in the communities of Burns Lake and Southside. These additions bring the fiscal year-to-date total amount approved across the NKDF investment area to $471,314.
The three (3) newly approved projects are:
NKDF Society Chair Rosanne Murray said, “Our Directors are thrilled to be able to help these projects begin generating benefits for the Lakes District communities.”
"These projects are incredibly important, and I'm very happy the Society has identified these areas of need. The projects will directly increase the quality of living for local residents." Said Nechako Lakes MLA John Rustad
Colleen Nyce, manager of Corporate Affairs and Community Relations, Rio Tinto Alcan said that the company is pleased that their agreement with the government of BC in 1997 created the NKDF which has and continues to be an important financial contributor to sustainable community projects in the region.
For those interested in applying to NKDF for funds, the next proposal deadline is November 9, 2012.
The Nechako-Kitamaat Development Fund Society was jointly established in 1997 with a combined contribution of $15 million by the government of British Columbia and the former Alcan Inc., now Rio Tinto Alcan. The Fund’s investment area includes lands impacted by the original Kemano project and focuses on those communities in the Ootsa, Lakes, Nechako and Haisla regions of the north.
The Society encourages applications from local governments and legally incorporated non-profit organizations. NKDF invests in projects that create sustainable employment, diversify the economy, and improve the basic infrastructure needed for community stability, quality of life and growth.
The Government of B.C. and Alcan Inc. each contributed $7.5 million to establish the Northern Development Fund in 1999. The investment income generated from this fund supports the NKDF grants program. Each partner has one representative serving on the board of directors. The NKDF is part of the portfolio of the Minister of Jobs, Trade and Technology.
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