Type of Program:
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:
The applicant must:
All of the above need to be located in Northern Ontario.
Applicants would need to meet the following criteria, stating that:
Phase 1: Submit an Application for Financial Assistance providing key contact and project information;
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.