I will prioritize policies that reduce the dependence of our communities on government jobs, create economic growth and increase opportunities for Northern businesses.
- Enhance available Support for Entrepreneurs and Economic Development (SEED) funding by $1.2 million to a total of $5 million. This will investment will create jobs, expand local economies and provide additional investment in entrepreneurs and small businesses.
- Cut the small business tax rate by 1%, making the NWT the most tax competitive jurisdiction in Canada’s North.
- Introduce a Northwest Territories Business Investment Tax Credit worth up to 25 per cent of the value of an investment in NWT companies to a maximum of $25,000 a year. This will create jobs and promote economic growth and expansion in the NWT by reducing financial risk for investors in NWT companies.
- Encourage Northern businesses to become involved in entrepreneurship programs in elementary and secondary schools.