By northerners, for northerners
The Northern Development Initiative Trust board, regional advisory committees and staff have a passion for growing the economy of central and northern British Columbia. When the Premier of British Columbia announced the Northern Development Initiative Trust, it was on the premise that, “The best economic development decisions for the North should be made in the North.”
Northern Development is an independent, non-profit corporation; a catalyst stimulating economic growth through investments in grassroots, community-led projects.
Established through provincial legislation
On October 6, 2004 the Province of British Columbia introduced Bill 59, the Northern Development Initiative Trust Act.
On September 21, 2005, the Province of British Columbia introduced Bill 6, the Northern Development Initiative Trust Amendment Act, 2005. Under Bill 6, the Trust received an additional capital infusion of $50 million from the Province.
In October of 2023, the Province of B.C. introduced legislative amendments that allows for a $10 million investment to Northern Development.
Established through these acts of legislation, and initially infused with two deposits totaling $185 million, Northern Development is a regionally operated economic development funding corporation for central and northern British Columbia. Northern Development operates independently from government and provides the funding and ability to identify and pursue new opportunities for stimulating economic growth and job creation within the region.
Board of Directors
Financial Structure
Annual Reports
Strategic Plans
