Thunder Bay, ON - Federal Economic Development Agency for Northern Ontario - FedNor
Today, the Honourable Patty Hajdu, Minister of Indigenous Services and Minister responsible for FedNor, announced investments totalling $7,666,477 in support of nine Community Futures Development Corporation (CFDC) projects across Northern Ontario.
Formally established in 1985, the Community Futures Program has been supporting small businesses and rural economic development for more than 30 years. There are currently 24 CFDCs in Northern Ontario that provide business counselling and investment services and strategic planning to small and medium-sized businesses in their regions.
Today's announcement will go towards a mix of both operational and project specific investments across CFDCs in Northern Ontario. This funding will assist in supporting small businesses, will help diversify local economies and help communities capitalize on local economic initiatives.
Recipients of today's funding include:
- Greenstone Economic Development Corporation
- Thunder Bay Ventures
- Rainy River Future Development Corporation
- Wakenagun Community Futures Development Corporation
- Community Futures Ontario
- Lake of the Woods Busines Incentive Corporation
- The Venture Centre
For more detail on the projects being funded, please see the associated backgrounder.
