Earlier this month, during the first full board meeting since May 2002, the directors started carrying out the recommendations made by the B.C. Ministry of Competition, Science and Enterprise.
Highlights from the core review are as follows:
Society activities and programs are supported through the Northern Development Fund, jointly established in 1997 by Alcan and the government of British Columbia with contributions of $7.5 million each to support the economy of the area affected by Alcan’s Kitimat-Kemano hydro-electric project. The investment area for the NKDF is the Nechako Region and the lands traditionally used by the Haisla people. This includes all communities and rural settlements between Vanderhoof and Burns Lake (including Southside), as well as Kitamaat Village. Eligible applicants are legally incorporated non-profit organizations. NKDF investments may be made in Northwestern BC outside the normal investment area, providing there is direct economic and/or job creation benefit to the Nechako-Kitamaat Region.
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.
Nechako-Kitamaat Development Fund Society
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