Wednesday, April 06, 2011

Construction R Us! Supporting Small Business in the NWT and Nunavut.

There's a simple reason so many major construction projects in Nunavut and the NWT go to southern contractors;  many northern companies simply can't compete.

It's not about price or quality - small northern firms often do outstanding work at competitive rates. But to bid on a large scale project requires letters of credit and/or bid bonds; and many smaller, northern companies just can't muster the financial backing.
The National Aboriginal Contractor Support Corporation is now working on a program to level the playing field for these smaller companies. Northern contractors will be able to apply through a number of regional business development organizations in the territories for the support they need to compete against larger southern firms, ensuring that a greater share of profit, jobs and training remain in the North.
Along with Ayaya, an Inuit-owned design firm, Stonecircle is creating material to inform northerners of this new product, and to encourage them to apply for support. Jennifer David  is providing the creative touch and Chuck the business know-how. Keep your eyes open for a release before the end of  April.

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