Government of Canada Investment Supports Business Development and Growth in Red Lake Region

News Release

July 23, 2015 – Red Lake, Ontario – Industry Canada/FedNor

The Honourable Greg Rickford, Canada's Minister of Natural Resources and Minister for the Federal Economic Development Initiative for Northern Ontario (FedNor), announced today an investment in support of small business development and growth in the Red Lake and Ear Falls region.

A FedNor investment of $1,500,000 will enable the Chukuni Communities Development Corporation to offer business counselling and access to capital services, as well as support community strategic planning initiatives for a five-year period.

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.
Since 2006, through FedNor's Community Futures and Northern Ontario Development Programs, the Government of Canada has invested $447 million in support of more than 1,870 projects.
Based in Red Lake, the Chukuni Communities 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.

Quotes

"Our Government recognizes the important role small businesses play in creating jobs in Northern Ontario. We are proud to partner with Community Futures Development Corporations, such as the Chukuni Communities Development Corporation, to provide important business development services to entrepreneurs and business owners, benefiting the people and communities of the region."
– The Honourable Greg Rickford
Canada's Minister of Natural Resources and Minister for the Federal Economic Development Initiative for Northern Ontario

"We're pleased to work in partnership with the Government of Canada through FedNor in responding to the needs of entrepreneurs and businesses across the region. We appreciate the strong show of support and look forward to promoting economic diversification and initiatives that will strengthen the local economy."
– Gary Ripley
Chair, Chukuni Communities Development Corporation

Associated Links

To find out more about our programs and services, please visit: fednor.gc.ca and follow us on Twitter @FedNor.

Contacts

Alexandra Lemieux
Press Secretary
Office of the Honourable Greg Rickford
613-996-2007
Alexandra.Lemieux@NRCan-RNCan.gc.ca

Kim Fewchuk
Communications Officer
FedNor
705-971-4112 or 1-877-333-6673 Ext 306

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Hon. Greg Rickford FedNor Economic Action Plan

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Government of Canada Investment Supports Business Development and Growth in Red Lake Region

News Release

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