The BDIC, established on April 1, 2005 by the Northwest Territories Business Development and Investment Corporation Act, is a Crown Corporation of the Government of the Northwest Territories. The BDIC provides a range of programs and services to help northern business succeed.
The BDIC supports the economic objectives of the Government of the Northwest Territories by:
- Encouraging the creation and development of businesses;
- Providing information and financial assistance to businesses; and
- Making investments in business enterprises.
The BDIC promotes financial independence, assists communities in capturing economic development opportunities, and helps develop a diverse and viable northern economy. The BDIC’s role is promoting and maintaining economic development and employment. This role has both economic and social aspects.