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 determinedRead More
The Federal Economic Development Agency for Northern Ontario (FedNor) recently announced support for six northern Ontario infrastructure projects. Up to $377,800 in Canadian government grants will be provided to northern Ontario municipalities and First Nations communities completing critical infrastructure projects.
These investments are result of the federal government’s Canada 150 CommunityRead More
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.Read More
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 supportRead More
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 – especiallyRead More
Northern Ontario organization, Friends of Algonquin, have successfully leveraged wage subsidies for hiring a recent post-secondary graduate throughout 2015. The association, who provides advocacy and educational services, hired a youth intern for a one-year period to develop outreach programs that encourage tourism, as well as build a database encompassing photographsRead More
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,Read More
Based in Seguin, Ontario, Crofter’s Food Ltd. is one of the most recent recipients of Canadian government funding through FedNor’s Targeted Manufacturing Initiative. Since 2006, more than $351 million has been invested into Northern Ontario businesses in support of nearly 1,700 projects. These investments have resulted in the support ofRead More
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 OntarioRead More
In 2014, Northern Ontario experienced a 3.4% decrease in population from 803,000 to 776,000 (OMF). This migration impacts the labour talent pool in the region for local businesses. Fortunately, FedNor is committed to improving the outlook of Northern Ontario businesses through support services and Canadian Government funding to encourage businessRead More