The Nechako-Kitamaat Development Fund Society Board of Directors has approved funding for projects in Kitamaat Village, Burns Lake, Fort Fraser and Vanderhoof, bringing the total approved amount for this fiscal year to $495,796.
The successful projects approved are:
NKDF Society Chair Paul Stewart said, "As we have expected, there is a high demand for NKDF funds and we are fortunate to be able to assist with a range of projects across the region.”
“Our region has been challenged by the economic downturn, but we are working hard at putting strategies in place that are greatly assisted by the NKDF funds to help our towns, villages, and First Nations with a scope of positive opportunities,” said Nechako Lakes MLA John Rustad.
“This announcement today highlights our on-going commitment to economic diversification, environmental and social sustainability of the communities located within our operating region. We are proud to support the communities and First Nations in our operating area to help them create and advance these important community projects,” said, Rio Tinto Alcan’s Manager of Corporate Affairs & Community Relations, Colleen Nyce.
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 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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