The Northwest Territories
Small Business Guide:

Your Comprehensive Resource for Launching and Expanding a Business in the Northwest Territories

Now that you’re finally here welcome to the most comprehensive guide on how to launch, manage, and expand a small business in the Northwest Territories. At the CanadianSME Small Business Hub, our mission is to give our users all of the knowledge, tools, and resources they will need to succeed at each stage of their firm’s growth. We have compiled this extensive resource with the goal of assisting your small business in achieving its objectives in the Northwest Territories.

Northwest Territories Small Business Guide

The Northwest Territories are nationally recognized for its abundant resources and favourable entrepreneurial ecosystem, making it an ideal destination for startups and small businesses seeking to capitalize on the various opportunities offered across its diverse industries. The NWT also boasts entrepreneurial incubators that help entrepreneurs set up businesses or scale their projects from scratch. One such business incubator is EntrepreNorth which aims to empower Indigenous and community-based entrepreneurs.

The economy of the Northwest Territories is mainly reliant on natural resources such as diamonds, gold, oil, and gas. This provides a range of business opportunities in the region. The sectors of tourism, arts and crafts, film, and information and communication technologies are experiencing rapid growth as well.

The Northwest Territories offer exceptional opportunities to access Northern and Arctic markets. The unique geographic location of this area presents excellent opportunities for businesses looking to operate in remote regions.

The Northwest Territories take pride in their exceptionally talented and diverse workforce, which is known for its strong traditions of entrepreneurship and self-employment.

The government of the Northwest Territories is keen on creating an environment conducive to conducting business by offering tax incentives, grants, and funding programs. These initiatives are specifically designed to promote growth and innovation in the region. The territory also fosters a supportive ecosystem for technology and innovation.

The quality of life, the environment, and the variety of recreational opportunities in Canada’s Northwest Territories are all high, thanks to the region’s breathtaking natural beauty.

Explore the Best Availabe Resources for​

SMBs and StartUps in Northwest Territories

At BDC, we know business owners. We’ve been working with them for more than 75 years. We know their challenges and we understand their needs. And we want them to grow and succeed.
Futurpreneur has been fueling the entrepreneurial passions of Canada’s young enterprise for over two decades. We are the only national, non-profit organization that provides financing, mentoring and support tools to aspiring business owners aged 18-39. Our internationally recognized mentoring program hand matches young entrepreneurs with a business expert from a network of more than 2,600 volunteer mentors.
The NWT Business Development and Investment Corporation (BDIC) is working to build a stronger, more resilient business sector in the Northwest Territories. We have been supporting Northern entrepreneurs and businesses since 2005.


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