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New legislation to grow Indigenous economic involvement – My Lloydminster Now

Apr. 5th, 2022

The Saskatchewan Indigenous Investment Finance Corporation or SIIFC is to be established to support Indigenous participation in natural resource and value-added agriculture projects, according to government officials.

This as legislation is being introduced to create the body which will offer loan guarantees to eligible First Nations and Métis communities and organizations to support investment in forestry, mining, oil and gas, energy production and value added agriculture projects.

The SIIFC will provide up to $75 million in loan guarantees for eligible projects. Minimum loan guarantees will be $5 million.

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