REDP Sahtu Final Report 2023

Recommendations Regarding Economic Development Priorities for Government and Others

Attract more tourists to the region Attract workers and residents from other parts of Canada Improve transportation access Increase access to youth entrepreneurship training Implement business and investment attraction initiatives/business incentives Address regulatory issues Further develop energy infrastructure Increase access to fast reliable and affordable internet Strengthen connections between education and business Attract workers and residents from outside of Canada Encourage development of strong industry associations and sector partnerships Help grow local and regional markets for products Increase access to post-secondary education and training programs Improve pathfinding services linking businesses to funding programs and support Make more strategic use of government procurement to promote economic development Increase access to business mentorship programs and related small business education and training for entrepreneurs and businesses Transform Aurora College into a polytechnic university Stage events and other mechanisms that provide opportunities for networking Facilitate e-marketing and use of digital platforms and social media to market products and services from the NWT Further incorporate Indigenous traditional and local knowledge into education programs Increase access to early-stage capital Invest in coworking spaces makerspaces arts & craft centres and incubators Increase access to loan financing Increase access to business support services