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August 9, 2020
Terry Sheehan says $13 million in FedNor funding for economic development for Indigenous communities, businesses and organizations in Northern Ontario will help kick-start the economy right across the region, while advancing the cause of reconciliation.
Sheehan, the Liberal MP for Sault Ste. Marie and parliamentary secretary to Melanie Joly, the minister of Economic Development and Official Languages and Minister responsible for FedNor, announced funding for 22 Indigenous-led initiatives in the region on Sunday.
Among the recipients are the Nishnawbe Aski Development Fund, which will receive roughly $4.9 million to provide technical and capacity development, and planning support for up to 20 First Nations communities within its area to undertake a Comprehensive Community Planning process, helping them realize the full economic benefits from resource development opportunities such as the Ring of Fire.
Waubetek Business Development Corporation will get $1.5 million in five-year operational funding to support strategic community planning, business counselling and information services, as well as access to capital, community-based projects and special initiatives.
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