SINED focuses on strengthening the driver sectors of the territorial economies, economic diversification and encouraging Northerners’ participation in the economy. Projects are prioritized based on five-year territorial investment plans developed with input from territorial stakeholders, and are approved by the Minister of CanNor.
Budget 2009, Canada’s Economic Action Plan, renewed funding for the SINED program at $90 million over five years (April 1, 2009 to March 31, 2014). For each territory this means potential federal contributions of $25,261,667 over 5 years for the Targeted Investment Program, the Innovation and Knowledge Fund and the Partnership and Advisory Forums. In addition, a new $5 million dollar Pan-Territorial Fund has been established for projects impacting more than one territory.
The Program Suite for SINED includes the:
The Targeted Investment Program (TIP) provides $22,261,667 per territory. Investment plans are established for each territory, with the advice of northern governments and stakeholders, and updated annually. Projects must align with the relevant plan. Depending on the content of the plan there may or may not be a general call for project proposals. See regional for the Targeted Investment Program.
Objectives of the Targeted Investment Program centre around four thematic areas:
1 - Building the knowledge base in key economic sectors or areas of activity that will help set the stage for further economic opportunities.
Investments in this area support projects such as geoscience activities; topographic mapping; resource stock assessments including fisheries; the collection or digitization of socio-economic data in key areas not covered through regular surveys given northern geographic and demographic challenges; and sectoral data collection and overviews.
2 - Enhancing the economic infrastructure base by supporting the development of multi-user physical infrastructure critical to economic growth.
Investments in this area support activities such as feasibility studies; business cases for public-private partnerships; telecommunications investments that fill gaps not covered by other federal programming; targeted investments to support the growth of other economic sectors such as tourism and innovation; and small-scale capital investments that are tied to economic diversification (e.g. signage, technology enhancements).
3 - Capacity development of organizations, associations, small and medium enterprises (SMEs) and individuals so they can take advantage of economic opportunities.
Capacity is vital in order for strong economic development in the North. Investments in this area could include gap-filling to support initiatives of non-federal departments, agencies and institutions of higher learning that have responsibility for the training and development of individuals and organizations; development of certification standards, curriculum and materials; support to industry organizations to strengthen their ability to service members (other than core funding); access by small and medium enterprises (SMEs), communities and organizations/associations to expert advice/training in the area of economic development.
4 - Economic diversification within regions and sectors with a focus on the development of new sectors, products, and markets.
Investments in this area are wide-ranging and could include the development of sector strategies that can then be used to guide investments; support for the creation of technology clusters; new product development and marketing; and providing funds to SMEs to assist them in bringing new products and services to a commercial state through mechanisms such as Community Futures Development Corporations.
The Innovation and Knowledge Fund provides $ 2,500,000 per territory. Investments under the Innovation and Knowledge Fund assist territorial residents to participate in and benefit from innovation, knowledge, and the knowledge-based economy. The priority continues to help Northerners seize opportunities in the new economy, and further science and technology. Eligible activities include research and consultation projects, as well as those designed to be innovative or build the capacity of individuals and organizations.
Under the renewed SINED, the Innovation and Knowledge Fund has been increased to $500,000 per territory, per year. In the renewed investment plan the Innovation and Knowledge Fund has been shown to give a better picture of the planned spending under SINED, although this funding is not sector specific. This fund will work with other investment programs to contribute to the achievement of regional economic development objectives. It will address gap-filling needs, explore innovative approaches and respond to emerging opportunities.
Partnership and Advisory Forums funding of $100,000 per territory, per year, previously only allocated in the Northwest Territories is now available to each territory, totalling $500,000 per territory over five years. The Partnership and Advisory Forums will increase dialogue on northern economic development issues and will also help to increase capacity in delivering projects in the North. The funding will also assist in increasing knowledge, skills and understanding related to roles and responsibilities of the various players involved in economic development in the territory. The Partnership and Advisory Forums is not included in individual territorial investment plans, i.e. program delivery arrangements and criteria will be established separately from this investment plan.
A Pan-Territorial Fund of $5 million over five years ($1.25 million per year from years 2 to 5) has been created under the renewed SINED. The Pan-Territorial Fund will be used for projects that include multiple territories or a territory and one or more provinces. For projects that include areas outside of the territories, SINED funding will be provided only for project elements related to areas within the territories. Other federal funding partners such as federal regional development agencies will be encouraged to fund project elements entirely outside of the territories. Due to its pan-territorial scope, the fund is not included in individual territorial investment plans; i.e. program delivery arrangements and criteria will be established separately from this investment plan.
CanNor, Yukon Region
Second Floor, Hougen Centre
305 Main Street
Suite 415c - 300 Main St
CanNor, Northwest Territories Region
PO Box 1500
Tel: (867) 766-8327
CanNor, Nunavut Region
2nd Floor, Inuksugait Plaza, Building 1104B
P.O. Box 40