At the May 29, 2012 meeting of the Nechako-Kitamaat Development Fund Society in the community of Smithers, the Board of Directors approved funding for six projects in the communities of Burns Lake, Grassy Plains, Fraser Lake and Vanderhoof. These approvals bring the fiscal year-to-date total funding from the NKDF to $321,314.
The six (6) newly approved projects are:
NKDF Society Chair Rosanne Murray said, “We’re thrilled to invest in projects that will bring economic benefits to the Nechako and Lakes District communities.”
Nechako Lakes MLA John Rustad says, "For someone who knows small communities well, these types of projects are incredibly important. It's about bringing people together in a wide range of celebrations, activities, and social growth. This funding is about so much more than just moving dollars around; it's about building the heart of a community."
Reflecting on the work of the NKDF Society, Colleen Nyce, Manager of Corporate Affairs and Community Relations, Rio Tinto Alcan adds, “The quality projects chosen to receive funding from NKDF contribute solidly to the sustainability of the host communities. The opportunities made possible by the NKDF are a clear demonstration of the value of Rio Tinto Alcan’s commitment to the region as a founding partner of the NKDF.”
For those interested in applying to NKDF for funds, the next proposal deadline is August 10, 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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