Ontario Investing in Economic Development in Fort Albany First Nation
Province Supporting Indigenous Communities to Create New Businesses
Ontario is supporting entrepreneurism in Fort Albany First Nation by funding a new and innovative economic development program.
Developed by Fort Albany First Nation, the First Nation's Individual Economic Development Program will provide young people and others who are under or unemployed and who are thinking about starting their own business with access to mentors, training and other resources to help them create business plans. New ventures can be in a variety of areas, including harvesting, arts and crafts, trades or online services.
Supporting economic growth for Indigenous communities is one of the many steps on Ontario's journey of healing and reconciliation with Indigenous peoples. It reflects the government's commitment to work with Indigenous partners, creating a better future for everyone in the province.
- Ontario is investing $100,000 in Fort Albany’s Individual Economic Development Program.
- The Indigenous Economic Development Fund and the Indigenous Community Capital Grant Program are currently open to applications through Grants Ontario.
- Ontario will invest $70 million over the next seven years to extend the Indigenous Economic Development Fund, originally launched in 2014, for a total combined investment of $95 million over 10 years.
“Today’s investment will help expand career and business opportunities for First Nations in Northern Ontario. Together with First Nations partners, Ontario will continue to work to achieve real and measurable change for Indigenous communities. This is an important step in Ontario’s journey of reconciliation.”
“We’re meeting the challenge of providing new economic opportunities for our Fort Albany First Nation members by developing individualized, holistic services in the areas of career guidance, access to resources, training and mentorships that support entrepreneurship and small business.”