Content for these learning sessions is provided by The Alberta Business Link and includes a variety of different subjects such as, preparing a business plan, secrets to successful selling, small business accounting basics, and much more.

David Ramsay, Minister Responsible for the Business Development and Investment Corporation said “Having access to business learning sessions can greatly increase the success of first time business owners and entrepreneurs across the NWT. The continued education of our business owners contributes to a strong sustainable North.”

NWT residents interested in participating in these online business webcasts can visit the BDIC’s website for details. Televised video conference sessions are available free of charge at the BDIC.

A list of upcoming video conferences and registration details can be found at www.bdic.ca/canada-business-nwt/video-conference-sessions/

For more information, please contact:

Brad Poulter
Manager Communications and Board Support
NWT Business Development and Investment Corporation
867-920-6452
www.bdic.ca

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On July 3, 2009, both the parties signed the MOU that will see the BDIC’s staff assist Aurora College with specialized instruction services in the Business Administration program. In exchange for these services, Aurora College will make available professional development courses and workshops for the BDIC’s staff.

Aurora College President, Maurice Evans, said the agreement will fit well with recent changes made to Aurora College programming. “We have just revised and renewed our Business Administration Program,” noted Mr. Evans. “Having a formalized agreement with the BDIC means we will be able to draw upon their staff to cover specialized courses or modules in the Business Administration program, which has the potential to serve the purposes of business development in the Northwest Territories. This will strengthen and broaden the base of expertise we can bring to our students.”
CEO of the BDIC, Pawan Chugh, is equally pleased with the initiative. “Both the BDIC and Aurora College view this as a win-win opportunity. Our partnership has the ability to offer a unique business perspective, provoke innovative thinking and share insight that is relevant to the success of our businesses and economy. Many of the Business Administration students are the entrepreneurs of tomorrow,” noted Chugh. “The more opportunities the students will have to be exposed to and understand the role of the BDIC, the better it is for everyone.”

While the initial agreement represents a pilot approach with the Yellowknife Campus, both the parties are hopeful that the concept will expand to a territorial-wide collaboration. “This could very well be the first step in a broader framework of partnership opportunities between Aurora College and the BDIC,” noted Mr. Chugh. “Future collaborative efforts may include video conferencing, curriculum development support and mentoring of business students in remote communities.”

“This agreement opens the door for both organizations to work together on areas of mutual concern and better serve the needs of the territorial business community,” said NWT Chamber President Ann Marie Tout. “BDIC has a wide range of products and services designed to assist new and growing businesses, while our Chamber network provides an ideal avenue for promoting those resources to entrepreneurs around the NWT.”

Memorandum of Agreement between the Sahtu Business Development Centre (SBDC) and the Northwest Territories Business Development and Investment Corporation (BDIC).

The SBDC and the BDIC offer a range of credit and venture capital financing options to their clients.

The Agreement establishes a partnership that will improve the financial support available to NWT businesses, helping to fulfill the mandates of the organizations.

The purpose of the Agreement is to provide for joint client transactions in order to enhance the financing options offered to clients. This will also enable the SBDC to entertain loan applications for amounts exceeding its lending limit.

For more information, please contact:

John Curran
Executive Director
NWT Chamber of Commerce
867-920-9505
www.nwtchamber.com

Brad Poulter
Manager, Communications and Board Support
Business Development and Investment Corporation
Phone: (867) 920-6452

The SBDC and the BDIC offer a range of credit and venture capital financing options to their clients.

The Agreement establishes a partnership that will improve the financial support available to NWT businesses, helping to fulfill the mandates of the organizations.

The purpose of the Agreement is to provide for joint client transactions in order to enhance the financing options offered to clients. This will also enable the SBDC to entertain loan applications for amounts exceeding its lending limit.

For more information, please contact:

Harold McGregor
General Manager
Sahtu Business Development Centre
867-587-2016

Brad Poulter
Manager, Communications and Board Support
Business Development and Investment Corporation
Phone: (867) 920-6452