The Government of Canada is investing $45,500 to help Magnetawan First Nation capitalize on opportunities associated with the planned four-laning of Highway 69 through its community. A comprehensive capital planning study will enable the First Nation to identify economic development opportunities, as well as anticipate future infrastructure and social needs.

"Our government is committed to helping First Nations maximize economic development opportunities through investments in strategic projects. This initiative will assist Magnetawan First Nation to determine its best investment options that will lead to sustainable growth, economic diversification and job creation."

The Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development, and Minister responsible for FedNor

"We would like to thank the Government of Canada for its support, through FedNor, that is helping us steer a course toward economic prosperity. Planning is essential for us to prioritize projects and ensure that we pursue those opportunities that will give us the greatest return.”

William Diabo, Chief, Magnetawan First Nation

• The funding announced today is provided through FedNor’s Northern Ontario Development Program, which supports projects that promote sustainable community economic development, enhance business development and growth, and facilitate innovation throughout the region.

• Magnetawan First Nation’s previous capital plan was completed 20 years ago and most of its recommendations were implemented.

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Kim Fewchuk
Communications Officer
FedNor
705-941-2105
Kim.fewchuk@canada.ca