Government of Canada Supports Business Development and Growth in the Greenstone Region
News Release
August 5, 2016 – Greenstone, ON – Federal Economic Development Initiative for Northern Ontario – FedNor
The Honourable Patty Hajdu, Minister of Status of Women and Member of Parliament for Thunder Bay—Superior North, on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development, and Minister responsible for FedNor, today announced an investment of $335,000 in support of small business development and growth in the Greenstone region.
The FedNor contribution will enable the Greenstone Economic Development Corporation to offer business counselling and access to capital services, as well as support community strategic planning initiatives for a one-year period.
Quick facts
- The Community Futures funding, provided through FedNor in Northern Ontario, supports projects that promote sustainable community economic development, enhance business development and growth, and facilitate innovation.
- Based in Greenstone, the Greenstone Economic Development Corporation is one of 24 Community Futures Development Corporations (CFDCs) funded by FedNor to serve Northern Ontario businesses and communities. CFDCs are community-based, not-for-profit organizations run by volunteer boards and staffed by experienced business and economic development professionals.
- Greenstone Economic Development Corporation's catchment area includes the communities of Beardmore, Caramat, Geraldton, Jellicoe, Longlac, MacDiarmid, Nakina, and Orient Bay, as well as the following six First Nations: Animbiigoo Zaagi'igan Anishinaabek (Ojibways of Lake Nipigon), Aroland First Nation, Biinjitiwaabik Zaaging Anishinaabeck (Rocky Bay First Nation), Bingwi Neyaashi Anishinaabek (Sand Point First Nation), Ginoogaming First Nation, and Long Lake #58 First Nation.
Quotes
"The Government of Canada is committed to assisting small and medium-sized businesses compete in today's global market. By working in partnership with organizations such as the Greenstone Economic Development Corporation, we are helping businesses to grow, diversify the economy and create jobs."
– The Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development, and Minister responsible for FedNor
"The Government of Canada recognizes the important role Community Futures organizations play in helping businesses and entrepreneurs to create a new venture, innovate or expand. Many local businesses have achieved success thanks to the support of the Greenstone Economic Development Corporation and I'm pleased that this investment will help generate many more success stories throughout the region."
– The Honourable Patty Hajdu, Minister of Status of Women, and Member of Parliament for Thunder Bay—Superior North
"We would like to thank the Government of Canada for its continued support that enables us to assist communities in our region in finding solutions to their business and economic development challenges. We are proud of our strong and productive working relationship with our community partners."
– Frank Hildebrandt, Board President, Greenstone Economic Development Corporation
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
Kim Fewchuk
Communications Officer - FedNor
705-971-4112
Kim.Fewchuk@canada.ca
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Hon. Patricia A. Hajdu Hon. Navdeep Singh Bains FedNor Economics and Industry
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