At the Society’s first meeting of the new fiscal year held on May 28th in Vanderhoof, the Nechako-Kitamaat Development Fund Society agreed to a funding target of $700,000 in grants to be given out to qualified projects during the 2008-2009 fiscal year.
The first round of successful projects approved at that meeting were:
NKDF Society Chair Paul Stewart said, "We are pleased to see the number of projects moving forward, and impressed with the hard work on the part of community members to bring quality applications to the NKDF table.”
"Our government and the NKDF support strong, positive growth in our communities," said Bulkley Valley-Stikine MLA Dennis MacKAY. "I'm pleased these planned projects highlight the unique qualities of the North and demonstrate a commitment to local investment."
"Investing in northern development is important for the strength of our region," said Prince George-Omineca MLA John Rustad. "The NKDF understands the concerns of northern communities and, through the support of the Province and Rio Tinto Alcan, they are working with local organizations to address those needs in innovative ways."
Rio Tinto Alcan’s Manager of Corporate Affairs & Community Relations, Colleen Nyce, said, “We are pleased with the funding target set by the NKDF Society as it demonstrates that an important stream of investment dollars will continue to flow directly to the communities where it is most needed.”
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 Alcan Inc. 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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