Amount:

$170,000

Type of Program:

Grant


Description:

The aim of this component is to enable recipient communities and First Nations to increase the number of community and/or regional economic development initiatives implemented leading to increased business investment; job creation; and increased regional collaboration and partnerships among communities.

Comments on Funding:

Funding is up to 90% of the eligible costs to a maximum of $100,000 annually for a period of up to three years.

A regional project may be eligible for increased funding of up to $170,000 depending on the number of partner communities and geographic coverage.

Contributions will be non-repayable.


When It Ends:

Ongoing

Deadline:

Rolling deadline

Eligibility:

The applicant must:

  • Rural municipalities
  • First Nation communities in Northern Ontario
  • Community Futures Development Corporations (CFDCs)
  • Tribal Councils on behalf of several communities

All of the above need to be located in Northern Ontario.

Applicants would need to meet the following criteria, stating that:

  • They do not have a dedicated full-time economic development officer position.
  • They have either an existing economic plan or strategy with a concrete economic opportunity requiring support to implement or an identified economic opportunity to capitalize on, develop and implement
  • They can demonstrate administrative capacity to undertake the project, including establishing work objectives and monitoring project outcomes.

Applications Steps:

1

Phase 1: Submit an Application for Financial Assistance providing key contact and project information;

  • Applications can be completed and submitted electronically, or printed and sent to the nearest FedNor office.
  • Applicants will receive written or electronic confirmation that their Application has been received.
  • The results of the Application review will be communicated to applicants electronically or in writing. 

2

Phase 2: Upon initial evaluation, FedNor will provide an electronic or written decision on whether the project should proceed to Phase Two. If selected to proceed, applicants will be invited to submit a Phase Two Detailed Application and provide supporting documentation. Applications will undergo a due diligence process where they are assessed against a number of factors.

About the author 

Maurice

Maurice (Moe) Muise learned the ins-and-outs of government while an employee of the Government of Canada in Ottawa for 10 years. His current focus is helping small businesses in Ontario to identify and maximize government grants to grow their business.
Click here to learn more about Moe's background and how he can help your business.

Tags

You may also like

Research and Development Grants for Ontario Businesses (2021): 23 Government Incentives to Boost Your R&D

Research and Development Grants for Ontario Businesses (2021): 23 Government Incentives to Boost Your R&D
Success message!
Warning message!
Error message!