Grants and Contributions:

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Title:

Migrator Hotel Retrofit

Agreement Number:

2122-CN-000124

Agreement Value:

$800,000.00

Agreement Date:

Dec 21, 2021 - Mar 31, 2023

Description:

A project to refurbish the Migrator Inn in Hay River. GFB currently owns the property where the Migrator Inn is located.

Organization:

Canadian Northern Economic Development Agency

Expected Results:

As a result of the this Project, GFB will be able to expand their business line into medium-term hotel-room rental targeting seasonal workers. This has been identified as an underserved market. Further, the project will see the creation of 9 full-time jobs and 9 part-time jobs.

Location:

HAY RIVER, Northwest Territories, CA X0E 0R8

Reference Number:

0780-2021-2022-Qrt4-0000047

Agreement Type:

Contribution

Report Type:

Grants and Contributions

Recipient Type:

For-profit organization

Recipient's Operating Name:

GFB VENTURES LTD.

Recipient's Legal Name:

GFB VENTURES LTD.

Federal Riding Name:

Northwest Territories

Federal Riding Number:

61001

Program:

Inclusive Diversification and Economic Advancement in the North (IDEANorth)

Program Purpose:

Inclusive Diversification and Economic Advancement in the North (IDEANorth) makes foundational investments in economic infrastructure, sector development and capacity building to help position Northerners in the territories to take advantage of Canada's innovation economy. The IDEANorth program focuses on four priority areas: economic growth and sector development; business scale-up, productivity and innovation; small-scale economic infrastructure development; and foundational economic infrastructure.