Government of Canada Investment Supports Entrepreneurial and Business Success in Mushkegowuk Region.
News Release
July 15, 2016 – Moose Factory, ON – Federal Economic Development Initiative for Northern Ontario – FedNor
The Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development, and Minister responsible for FedNor, today announced an investment of $320,000 to support business development and growth, job creation and the economic prosperity in the Mushkegowuk region.
The FedNor investment will support the ongoing operations of the Wakenagun Community Futures Development Corporation (CFDC) for a one-year period. Specifically, the funding will enable this not-for profit, business-focused organization to provide small and medium-sized enterprises with access to capital and business counselling services, as well as support for community strategic planning initiatives. The Wakenagun CFDC is one of 24 Community Futures Development Corporations funded by FedNor to serve Northern Ontario businesses and communities.
Quick facts
- The funding announced today is provided through FedNor's Community Futures Program, which supports projects that promote sustainable community economic development, enhance business development and growth, and facilitate innovation.
- Based in Moose Factory, the Wakenagun CFDC is a community-based, not-for-profit organizations run by a volunteer board and staffed by experienced business and economic development professionals.
- The Wakenagun CFDC services the communities of Fort Severn, Peawanuck, Attawapiskat, Kashechewan, Moose Cree, Fort Albany, Missanabie Cree and the Taykwa Tagamou First Nations, as well as Moose Factory and the Town of Moosonee.
Quotes
"The Government of Canada recognizes that small and medium-sized enterprises are the lifeblood of the Canadian economy. I am pleased that this investment will provide entrepreneurs and communities located in the Mushkegowuk region with the resources they need to develop and grow this important sector."
– The Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development, and Minister responsible for FedNor
"We are proud to partner with the Government of Canada through FedNor to diversify and grow the regional economy, while helping entrepreneurs create local jobs and achieve business success. Today's announcement will allow us to continue to work with the business community to ensure they have access to the tools needed to maximize economic and growth opportunities."
– Ivan Iserhoff, Chair, Wakenagun CFDC
Associated Links
- To find out more about our programs and services, please visit: fednor.gc.ca and follow us on Twitter @FedNor.
- Follow the Minister on Twitter: @MinisterISED
Contact
Barclay Babcock
Communications Officer - FedNor
705-690-0957
barclay.babcock@canada.ca
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