FedNor Awards $8.1M Across 15 Northern Ontario Business Projects
FedNor has announced investments totalling over $8.1 million to support, sustain, and grow 15 small business projects across Northern Ontario.
FedNor has announced investments totalling over $8.1 million to support, sustain, and grow 15 small business projects across Northern Ontario.
As the tourism industry around the world continues to rebound following the global pandemic, FedNor is investing $9.7 million to benefit 74 tourism projects in Northern Ontario.
Federal Economic Development Agency for Northern Ontario (FedNor) Receive up to $5M in Government Funding. The Federal Economic Development Agency for Northern Ontario (FedNor), Northern Ontario’s economic development agency, provides financial support for projects that lead to job creation and economic growth. In conjunction with business partners and local communities, FedNor aims to strengthen northern…
FedNor, is officially a standalone agency as of August 10, 2021. Northern Ontario reveres this transition as a win for local businesses.
The economic development of northern Ontario is extremely important to all levels of government. To grow and sustain businesses in the region, government grants and loans can be obtained to offset a portion of project costs. This funding is allocated by governments on a regional basis, and is usually determined on population or development potential….
The Federal Economic Development Agency for Northern Ontario (FedNor) recently committed close to $1.5M in federal investments to promote greater innovation and competitiveness within northern Ontario. On October 28, 2016, FedNor announced that it would provide up to $1,488,972 in Ontario government funding to support the Sault Ste. Marie Innovation Centre. The Innovation Centre provides…
The Federal Economic Development Agency for Northern Ontario (FedNor) provides federally sourced funds to businesses, organizations, and communities within the province’s northern regions. The agency supports the development and competitiveness of businesses to ensure the north grows and contributes toward the country’s economy. Canadian Manufacturers & Exporters (CME) also provides support to growing businesses across…
With a decreasing population that is largely comprised of aging citizens, northern Ontario provides challenges for growing businesses. Due to immense migration of youth talent, either to other provinces or moving to southern Ontario, businesses in the northern part of the province are having difficulties finding quality workers – especially skilled labour. Although northern Ontario…
Northern Ontario’s keen focus on profiting from natural resources has helped and hindered the area’s economic development. While these industries have led to wide scale investment for northern Ontario, the global market for natural resources has deteriorated over recent years and has reduced the amount of incoming business investments. However, northern Ontario is slowly beginning…
Four Seasons Greens, a Muskoka-based food producer will receive repayable Ontario business funding towards the construction of an aquaponics food processing system. This small business funding allotment was provided through FedNor’s Northern Ontario Development Program (NODP). NODP has supported Northern Ontario businesses since 2006, providing approximately $343 million in Ontario government funding to more than…