Engagement

Overview

The BDIC is undertaking a review and will be making updates to the Northwest Territories Business Development and Investment Corporation Act (BDIC Act).

Aside from some minor amendments in 2007 and 2018, the BDIC Act and regulations have not been comprehensively updated since the creation of BDIC in 2005. Since then, there have been significant changes in the environment and businesses’ needs. Opportunity exists to introduce amendments to the BDIC Act to enhance clarity and transparency, offer relevant support to entrepreneurs and businesses, and generate positive impacts on the NWT economy.

There are several potential amendment areas being explored. The BDIC will be engaging entrepreneurs, businesses, industry, government, and other stakeholders to gather input and feedback that will inform the draft of proposed amendments to the BDIC Act and future updates to regulations and policies. Once drafted, the updated BDIC Act will be introduced to the 19th Legislative Assembly for their review, amendment, and enactment.

Process

The graphic below shares the process and steps required with the development and introduction of an updated BDIC Act. The BDIC is currently at Step 2.

Status

Open: Public Engagement (Step 2) from May 24, 2022 to June 24, 2022
|
○ Results under review
|
○ Completed

Have Your Say

We will collect input, submissions, and responses throughout the engagement process. We encourage you to share your views and feedback; this is your chance to raise your voice to decision-makers and influence future business and economic development in the NWT.

To guide this engagement, below you will find a link to a Discussion Paper which presents some potential areas for amendments and discussion questions for each.

Click here to download the Discussion Paper.

There are many ways that you can share and engage including online, by email, phone, mail, and in person. The BDIC will also be hosting a number of engagement sessions with NWT entrepreneurs, businesses, industry, and other stakeholders as follows:

Meeting Date/Time Register
Indigenous Development Corporations and
Metis-Dene Development Fund
June 1
3:30-5:30 p.m.
Register
Industry/Business Associations and their members
(French language services available upon request)
June 7
6:30-8:30 p.m.
Register
NWT Businesses and Entrepreneurs June 11
1:30-3:30 p.m.
Register
NWT Businesses and Entrepreneurs
(French language services available upon request)
June 13
1:30-3:30 p.m.
Register
Community Futures June 15
9:30-11:30 a.m.
Register
Chamber of Commerce organizations June 15
1:30-3:30 p.m.
Register
Chamber of Commerce organizations June 16
1:30-3:30 p.m.
Register

 

Additional sessions may be scheduled during week of June 19 if needed. Please contact the BDIC if you are interested. We encourage you to attend one of these sessions. To register, click on the register button and provide your contact information in the email. All sessions will be held virtually and conference details will be emailed upon registration. You can also email info@bdic.ca directly with this information too.

To share views and feedback via email, phone, in person or mail:

Email
info@bdic.ca

Phone
867-767-9075 or 1-800-661-0599

Mail to
NWT Business Development and Investment Corporation
5009-50th Avenue, PO Box 1320
Yellowknife, NT X1A 2L9

In person
NWT Business Development and Investment Corporation
5009-50th Avenue
Yellowknife (corner of Franklin/50th Avenue and 51st Street)
Office hours:  Monday to Friday 8:30 a.m.-12:00 p.m. and 1:00 p.m.-5:00 p.m.

All submissions and comments, regardless of how they are provided, need to be clearly attributed to a person or an organization.

Next Steps

Input received from this engagement process will be analyzed and compiled into key themes in a What We Heard Report and will help inform policy research and the drafting of proposed amendments to the BDIC Act. As the legislative process continues, the BDIC will continue to engage with entrepreneurs, businesses, partners, stakeholders, and subject matter experts, as necessary, to develop, refine, and finalize the proposed amendments to the BDIC Act and identify potential changes to the regulations and policies. Feedback and input received during this public engagement exercise outside the scope of this review will be kept for consideration in the future.

Related Links