Manufacturing can reduce the NWT’s reliance on imports and improve the balance of trade with the rest of Canada. This keeps jobs and opportunities within the territory. A viable manufacturing sector also works to diversify the economy, and provide products suited to the Northern environment.
For example, the Fort McPherson Tent and Canvas shop makes custom tents, designed for exploration and harvester needs. Other products include wood and metal fabrication for the mining and exploration industries, concrete products, cabinets, boat construction, and custom furniture and other home products.
Investment is necessary to maintain a business and to expand sales. This is particularly true of manufacturing, which tends to be capital incentive.