Waubetek receives $2.5 million for aboriginal business – Manitoulin Expositor

Apr 22, 2015

BIRCH ISLAND—The Waubetek Business Development Corporation will receive $2.5 million in funding to support aboriginal businesses and small-scale community development projects, courtesy of the provincial Aboriginal Economic Development Fund.

This follows an earlier announcement in March by the Ontario Government to invest $15 million in aboriginal organizations that promote and underwrite Aboriginal business development. Over a three-year period, the funding is expected to help generate 400 jobs and launch 100 new aboriginal-owned businesses in the province. A portion of the funds is also set-aside for community economic development projects under $10,000.

The Waubetek Business Development Corporation is an aboriginal-owned and controlled, not-for-profit organization that has delivered business financing and economic development services since 1989 to First Nations and aboriginal entrepreneurs throughout northeastern Ontario. It is also one of 61 Community Futures Development Corporations in Ontario.

Read More: http://www.manitoulin.ca/2015/04/22/waubetek-receives-2-5-million-for-aboriginal-business/