Northern Developments Initiative Trust

Northern Development is an independent regional economic development corporation focused on stimulating economic diversification and job creation in central and northern British Columbia, a region that is strategically located, and offers a resource-rich economy with many competitive advantages and incentives for business.

THE CHALLENGE

The recession and credit crunch in 2008 limited the ability for SMBs to access capital in Northern BC. Northern Development wanted to expand the available capital pool to make more financing available while minimizing the commitment of funds and administration costs.

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