Ontario Invests $740,000 in Indigenous Economic Development in the Georgian Bay Area
Province Helping Indigenous Communities Create Jobs and Opportunities
Ontario is helping to create jobs, support new skills training opportunities and improve economic outcomes for Indigenous people in the Georgian Bay area.
Through the Aboriginal Economic Development Fund (AEDF), the province is investing more than $740,000 towards the following projects:
- Beausoleil First Nation is receiving nearly $300,000 over three years to hire staff and create a business plan to assume management and operation of Springwater Park.
- The Chippewas of Nawash Unceded First Nation and Saugeen First Nation are receiving more than $300,000 over two years to expand and diversify the commercial fishery.
- Saugeen First Nation will receive more than $140,000 over three years to develop an economic development and implementation plan along with an economic asset map and land use planning document.
Investing in Indigenous communities is part of the government's economic plan to build Ontario up and deliver on its number-one priority to grow the economy and create jobs. The four-part plan includes helping more people get and create the jobs of the future by expanding access to high-quality college and university education. The plan is making the largest infrastructure investment in hospitals, schools, roads, bridges and transit in Ontario's history and is investing in a low-carbon economy driven by innovative, high-growth, export-oriented businesses. The plan is also helping working Ontarians achieve a more secure retirement.
- Ontario is investing a total of $95 million in the AEDF over ten years. The AEDF was launched in 2014 and has three funding streams: Regional Partnership Grants, Economic Diversification Grants and the Business and Community Fund.
- To date, Ontario has funded 51 projects with Indigenous partners through the Aboriginal Economic Development Fund.
- In accordance with the government’s commitment to reconciliation with Indigenous peoples, the name of the program will be changed to the Indigenous Economic Development Fund.
- Ontario is on track to balance the budget next year, in 2017-18, which will also continue to lower the province’s debt-to-GDP ratio.
“The Aboriginal Economic Development Fund is helping Indigenous businesses, communities and organizations create, diversify and collaborate. We’re excited to see how these grants will help Indigenous communities, workers and businesses in the Georgian Bay area have bright and prosperous futures.”
“The harvesting of fish as a commercial resource has a substantial amount of membership involved as an economic activity. We are now hoping to address capital investment opportunity to move to the next phase of the long term plan -- cold storage and ice flaking equipment. Our intention is to work with others to make our fishery a five star operation and an economic driver in the SON Territory.”