Economic Development Initiative (EDI) – Northern Ontario Development Program (NODP) – FedNor (2022)
Description:
The EDI is intended to enhance the economic vitality of Northern Ontario’s official language minority communities (OLMC) – the Francophone community – and enhance the region’s competitiveness through linguistic duality, by supporting projects designed to achieve the development of enterprises and communities.
Comments on Funding:
Assistance is provided in the form of repayable and non-repayable contributions. Contributions will normally be repayable where proposed projects generate profits for the eligible applicant.
Project funding is subject to parliamentary approval of funds and to the maintenance of current and forecasted program-related budgetary levels.
Eligible applicants are expected to contribute a minimum of 10% of project costs.
Costs for which the applicant has entered into a legal commitment prior to the application received date will not be considered eligible for reimbursement unless written consent is provided by FedNor.
Eligibility:
Eligible recipients include Francophone or other organizations that undertake project activities in both official languages, provide programs or services in French, and are located in Northern Ontario. This would normally include:
Applications Steps:
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.
✔ pplicants 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.Â
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.
Documentation Needed:
The applicant must complete an Application for Financial Assistance providing key contact and project information, along with a brief summary of how the proposed project will result in outcomes that support innovation, economic diversification and business growth in Northern Ontario’s Francophone communities (the official language minority community) and capitalize on economic opportunities made possible through linguistic duality.
When It Ends:
Ongoing
Deadline:
Rolling deadline