At its March 27th Board meeting, the Board approved grants totaling approximately $240,000 for projects designed to improve economic opportunity for the participating communities.
Society activities and programs are supported through the Northern Development Fund, jointly established by the government of British Columbia and Alcan. The investment area for the NKDF includes all communities affected by Alcan’s Kitimat-Kemano hydro-electric project.
Dave Merz, Chair of the Society, is happy to announce that the business plan for the new fiscal year (starting April 1, 2002) includes another $1 million for new grants and $330,000 for loans.
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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