BURNS LAKE - The Nechako Kitamaat Development Fund Society announced today that it awarded $73,092 to Southside Economic Development Association (SEDA) to be used for the creation of an Economic Centre on the Southside.
NKDF Society chair Mike Robertson said that “the new SEDA Centre will become the new home for economic development Association. It will house the Southside Farmers Market and offer a higher profile location for tourism opportunities,” said Robertson.
“When it is operational, this Economic Centre will help the region identify and pursue opportunities for growth,” said Dennis MacKAY, MLA for Bulkley Valley – Stikine.
Colleen Nyce, Manager Corporate Affairs and Community Relations for Alcan in northern British Columbia, and member of the board of the NKDFS says, "I am thrilled that the NKDF is able to assist SEDA achieve this longstanding goal. This is certainly the type of community development and economic project that Alcan had in mind when it helped established the perpetual fund in 1999."
“The funding approval from NKDFS brings us a big step closer to achieving our goal of purchasing and remodeling the building that will house the new SEDA Centre,” says SEDA President Debbie McPhee.
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.
Contact: Dan Boudreau, Manager, Nechako-Kitamaat Development Fund Society
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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