Fonds 400 - Northwest Territories Business Development and Investment Corporation fonds

Title and statement of responsibility area

Title proper

Northwest Territories Business Development and Investment Corporation fonds

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  • Textual record

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  • Parallel titles and other title information: BDIC
  • Variations in title: NWT Business Development Corporation fonds; NWT Business Credit Corporation fonds

Level of description

Fonds

Reference code

400

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Issuing jurisdiction and denomination (philatelic)

Dates of creation area

Date(s)

  • 1983-2006 (Creation)
    Creator
    Northwest Territories Business Development and Investment Corporation (2005- )

Physical description area

Physical description

2.27 m of textual records

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Name of creator

Administrative history

The Northwest Territories Business Development and Investment Corporation (commonly known as BDIC) was established on April 1, 2005 as a Crown Corporation of the Government of the Northwest Territories. BDIC is an amalgamation of the NWT Business Credit Corporation, the NWT Development Corporation, and Canada Business NWT (formerly Canada Business NWT Business Service Centre), which is operated in partnership with Industry Canada.

BDIC is mandated to support the economic objectives of the Government of the Northwest Territories in a manner that benefits the people and the economy of the Northwest Territories by encouraging the creation and development of business enterprises; providing financial assistance to business enterprises, either on its own or as a complement to private sector or other financing; directling investing in business enterprises; and providing information to business enterprises and members of the public respecting the establishment and operation of businesses and other business matters.

BDIC is managed by a Board of Directors and reports to the minister of Industry, Tourism and Investment. Its day to day affairs are managed by a CEO and staff. Its two main delivery areas are Financial Programs (including credit programs, subsidiaries, contributions, and venture investments) and Business Support Services (information services through Canada Business NWT). They also lend support to Community Futures Development Corporations throughout the NWT.

Custodial history

Scope and content

This fonds consists of 2.27 m of text from the NWT Business Development and Investment Corporation and its predecessors. The records contain minutes, agendas and supplementary materials of board of directors and internal committee meetings and teleconferences that discuss clientele, as well as management and approval of credit loans. Records also include operational guidelines of the NWT Business Credit Corporation and procedures and operational guidelines of BDIC.

The records also include files from the President's office on the creation of the NWT Business Development and Investment Corporation out of the amalgamation of other government functions.

Records also include an extensive business program review done in conjunction with the Department of Industry, Tourism and Investment and a consultancy firm. There are also records dealing with the creation of the Business Credit Corporation Act, and amendments to the Act and regulations. There are also Annual Reports of the Business Credit Corporation, dating from 1992-2005, and briefing notes from 2004.

Notes area

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    Script of material

      Location of originals

      Availability of other formats

      Restrictions on access

      Access restricted under the Access to Information and Protection of Privacy Act.

      Terms governing use, reproduction, and publication

      Finding aids

      Finding aid available.

      Associated materials

      Northwest Territories Development Corporation fonds.
      Northwest Territories. Dept. of Resources, Wildlife and Economic Development fonds.
      Northwest Territories. Dept. of Economic Development and Tourism fonds.

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      Accruals

      Rights

      Copyright held by the Government of the Northwest Territories.

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