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Suggested on May 17, 2016 by Account
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The GNWT could see a return of $6 to $12 for every $1 invested in a “relocation bonus” for companies which move new staff to the NWT in the first year, with recurring revenue of $30,000 (conservative estimate based on territorial financing formula) per year requiring no additional program investment.

The GNWT could offer a subsidy of $5,000 for individuals, or $10,000 for families, to companies that bring their workers to live in the north instead of fly-in (such as the mines), and for companies which hire from outside the territory when unable to fill the position from within the NWT.

Potential revenue from a single individual and single family below over a 5-year period:

.........................Year 1......Year 2 cumulative...Year 3 cu....Year 4 cu.....Year 5 cu.

Individual.......$25,000....$55,000.....................$85,000......$115,000......$145,000
Family of 4.....$110,000..$230,000...................$350,000....$470,000......$590,000

Combine this program with the existing framework of Come Make your Mark, and then multiply the numbers above by the number of people coming to the NWT to see the return on investment over time for a very small expenditure.




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