Backgrounder: CED investment to support Indigenous entrepreneurs

Backgrounder

Wendake, Quebec, February 9, 2021Canada Economic Development for Quebec Regions(CED)

The following information is in addition to the news release issued on February 9, 2021, on CED’s financial assistance, recipient businesses and their respective projects.

Summary

  • 5 projects supported by CED
  • 24 jobs created
  • $1,823,744 in financial contributions from CED
  • $7,139,243 in total investments generated by these projects

Details

Region Recipient Activities funded by CED Jobs created Contribution amount and type Total project amount

Interregional

First Nations of Quebec and Labrador Economic Development Commission

Salaries and travel and operating costs for entrepreneurial services for members of Quebec’s First Nations for a period of three years.

$500,000
(non-repayable)

$1,096,499

Abitibi-Témiscamingue

Widjikiwe Holdings Corp.

Costs to rebuild and purchase equipment for a service station and convenience store.

13

$359,000
(repayable)

$2,800,000

Abitibi-Témiscamingue

First Nations Adult Education School Council

Costs to build a new workshop and purchase equipment, tools and materials.

$182,939
(non-repayable)

$563,439

Mauricie

Atikamekw Sipi - Conseil de la Nation Atikamekw(website in French only)

Certain operating costs, as well as the salary and benefits of the economic development coordinator.

1

$300,000
(non-repayable)

$900,000

Saguenay–Lac-Saint-Jean

Akua Nature inc.

Purchase and installation of production equipment, as well as leasehold improvement fees for a start-up.

10

$481,805
(repayable)

$1,779,305

Information

Media Relations, CED
dec.media.ced@canada.ca

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