Thank you, Mr. Speaker. Mr. Speaker, earlier this month the 20th Legislative Assembly affirmed its commitment to building a strong economic foundation. We live in a digital world where so much economic potential exists in digital economies because, for starters, that is where consumers are. Today, consumers purchase more goods and services online, looking for more convenience through ecommerce and expecting more personalized offerings. Today, there is a much greater need for businesses to have a strong online presence and tap into market spaces into living rooms down the street, beyond our territory, to other areas of Canada, and even internationally.
Prosper NWT, formerly the Northwest Territories Business Development and Investment Corporation, plays a lead role in helping NWT businesses pursue these opportunities and adopt new and emerging digital technologies to increase their competitiveness. Prosper NWT has partnered with the Government of Canada to deliver the Canada Digital Adoption Program and revamped its contribution program to offer matching funds with the Accelerate Digital Adoption Projects for Tomorrow Fund, aptly known as ADAPT. Through these two initiatives, NWT businesses can apply for up to $5,000 in grants and contributions for their digital projects and have access to digital advisors who provide expertise, guidance, and support along the way. These programs have already helped over 50 NWT businesses expand their digital footprint.
Mr. Speaker, today I am thrilled to announce that Prosper NWT has secured an additional $534,000 over three years from the Canadian Northern Economic Development Agency to bolster digital adoption. This additional investment will continue to help businesses with their digital transformation as they can now apply for up to $12,500 for their digital projects. This additional funding is not just an investment in technology; it is an investment that strengthens our economic foundation, supports NWT northern business to evolve to consumer expectations, and makes it easier for NWT businesses to access global markets. We are supporting businesses to lay down the infrastructure needed for a more connected, innovative, and competitive economic presence. Let us continue to support local, encourage NWT businesses to build their web presence, and celebrate them as they work to thrive. I look forward to working together to help build a stronger, more prosperous Northwest Territories. Thank you, Mr. Speaker.
