Ontario Announces Aboriginal Economic Grants for the Northeast
Helping Four Aboriginal Communities Plan for Growth, New Opportunities
Ontario is investing in four projects which will help Aboriginal communities broaden their economic base and improve outcomes for Aboriginal people in the province.
The following communities and organizations have been approved for Economic Diversification Grants:
- Chapleau Cree First Nation will receive $100,000 this year to work with energy experts to develop a regional renewable energy plan.
- Mushkegowuk Council will receive $457,348 over three years to implement its regional business organization project, allowing them to be effective partners in resource development and other emerging sectors.
- MoCreebec Eeyound will receive $283,767 over three years to hire an economic development officer to broaden its economic base and identify new opportunities for growth.
- Fort Albany First Nation will receive $279,205 over three years to hire a youth economic development officer to create long-term plans to help young people find good jobs through community economic development and training.
Part of Ontario's Jobs and Prosperity Fund, the Aboriginal Economic Development Fund (AEDF) is providing new employment, training and business opportunities for Aboriginal people across Ontario. AEDF Economic Diversification Grants provide project funding to develop and implement economic plans. Grants also fund feasibility studies and other community projects that contribute to economic diversification. Additional projects being supported with Economic Diversification Grants will be announced in the coming weeks.
Improving socioeconomic outcomes for Aboriginal people is part of the government's economic plan for Ontario. The four-part plan is building Ontario up by investing in people's talents and skills, building new public infrastructure like roads and transit, creating a dynamic, supportive environment where business thrives, and building a secure savings plan so everyone can afford to retire.
- Applications for the next round of Economic Diversification Grants will be open from February 2 to March 6, 2015.
- Ontario will soon announce Aboriginal financial institutions that will help deliver the AEDF Business and Community Fund across the province, improving access to financing and other supports for Aboriginal businesses.
“The AEDF is helping Aboriginal businesses, communities and organizations to create, diversify and collaborate. Our Economic Diversification Grants in particular will play an important role in planning for a bright future in Aboriginal communities.”
“Our project will allow us to be positioned to take advantage of the opportunities in our territory, especially the opportunity to improve the socio-economic conditions of our people.”