Government of Canada investment to support Aboriginal economic development in Northwestern Ontario
THUNDER BAY, Ontario, March 28, 2012 — The Honourable Tony Clement, Minister for FedNor, today announced a Government of Canada investment of $236,250 to support First Nation-based economic development initiatives in Northwestern Ontario.
“By supporting the Nishnawbe Aski Development Fund, the Government of Canada is helping First Nation communities to grow and diversify their economies and create employment opportunities,” said Minister Clement. “Today’s investment will provide remote Aboriginal communities in Northwestern Ontario with an additional tool to help address their economic development needs.”
The FedNor funding will enable the Nishnawbe Aski Development Fund to fund a variety of community-based economic development projects in its service area. Based in Thunder Bay, the Nishnawbe Aski Development Fund is one of 24 Community Futures Development Corporations (CFDCs) funded by FedNor to serve Northern Ontario businesses and communities. CFDCs are not-for-profit organizations, each run by a board of local volunteers and staffed by experienced business and economic development professionals.
“This much needed funding will assist in empowering our communities by facilitating economic development projects that will build capacity and create jobs,” said Madeline Commanda, Chair, Nishnawbe Aski Development Fund. “We welcome this commitment as a sign of FedNor’s continued support of Aboriginal business and economic development in our northern communities.”
Funding for this project was provided through FedNor’s Northern Ontario Development Program, which supports initiatives that strengthen community economic development, enhance business growth, and facilitate innovation throughout the region.
To learn more about FedNor and its programs, visit: fednor.gc.ca.
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For more information, please contact:
Office of the Honourable Tony Clement
705-941-2105 or 1-877-333-6673 Ext 306
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