Photo by Whitehorse Star
Photo by Whitehorse Star
The federal government is investing more than $4.3 million in 16 economic development projects in the Yukon.
Larry Bagnell, the territory’s Liberal MP, made the announcement last Thursday in Whitehorse.
Economic diversification and growth are key to ensuring a strong and resilient economy in the North, he said.
Bagnell was speaking on behalf of Navdeep Bains, the federal minister of Innovation, Science and Economic Development and the minister responsible for CanNor.
Funding will go toward a range of projects across a variety of economic sectors.
Those include tourism, Indigenous economic development, capacity development, infrastructure, renewable energy and geoscience, as well as targeted support for the development of women entrepreneurs and attracting Canadian francophones to live and work in the North.
The projects are expected to result in the creation of up to 125 jobs in Yukon, Bagnell said.
Through these investments, the federal government is supporting long-term sustainable economic development in the North, he said.
“The diversity of these investments is representative of the Government of Canada’s commitment to support long-term sustainability in the North,” Bagnell said.
“These projects will directly benefit Yukoners by supporting many economic sectors in the territory and contributing to Canada’s economic growth.”
“Our government is laying the foundation for Canadians to become more competitive and succeed in the global economy,” Bains said in a statement.
“Today’s investment in the Yukon economy is building on our competitive advantages by investing in diverse projects that will boost economic growth and create good, middle class jobs for Canadians.”
“A strong, growing economy that provides good jobs for Yukoners in an environmentally responsible way is a priority of the Yukon government,” added Economic Development Minister Ranj Pillai.
“We are pleased to partner with the Government of Canada to make these strategic investments in small businesses, renewable energy, mining and tourism that will advance and diversify our economy, and help improve the lives of all Yukoners.”
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