NWT Business Development and Investment Corporation

Access to patient capital can be one of the biggest challenges for businesses operating in the Northwest Territories, especially in a market shaped by remote logistics, higher operating costs, and seasonal demand. The NWT Business Development and Investment Corporation (BDIC) was created to help address that gap by providing flexible financing options that support local business growth and long-term economic development across the territory.

Delivered by the Government of the Northwest Territories, BDIC offers a mix of repayable loans and equity investments designed to meet businesses where they are in their growth journey. Rather than a one-size-fits-all grant, this program focuses on tailored financial support that can be used for a range of purposes, including start-up costs, expansion projects, working capital, or major asset purchases. Funding amounts vary depending on the scope and risk profile of the project, and financing structures are often customized to reflect the realities of operating in northern communities. Businesses across many industries may be considered, from traditional sectors to emerging opportunities.

Because BDIC takes an investment-oriented approach, it can be particularly attractive to entrepreneurs looking for a long-term financial partner rather than short-term assistance. Applications are generally accepted on an ongoing basis, allowing businesses to seek support when they are ready to move forward. For NWT business owners exploring financing options, learning more about how BDIC assesses projects and structures its investments can help determine whether this program aligns with their plans.