Northern Ontario’s keen focus on profiting from natural resources has helped and hindered the area’s economic development. While these industries have led to wide scale investment for northern Ontario, the global market for natural resources has deteriorated over recent years and has reduced the amount of incoming business investments. However, northern Ontario is slowly beginning…
Based in Seguin, Ontario, Crofter’s Food Ltd. is one of the most recent recipients of Canadian government funding through FedNor’s Targeted Manufacturing Initiative. Since 2006, more than $351 million has been invested into Northern Ontario businesses in support of nearly 1,700 projects. These investments have resulted in the support of more than 22,700 jobs. “Our…
Four Seasons Greens, a Muskoka-based food producer will receive repayable Ontario business funding towards the construction of an aquaponics food processing system. This small business funding allotment was provided through FedNor’s Northern Ontario Development Program (NODP). NODP has supported Northern Ontario businesses since 2006, providing approximately $343 million in Ontario government funding to more than…
In 2014, Northern Ontario experienced a 3.4% decrease in population from 803,000 to 776,000 (OMF). This migration impacts the labour talent pool in the region for local businesses. Fortunately, FedNor is committed to improving the outlook of Northern Ontario businesses through support services and Canadian Government funding to encourage business activity and hiring in the…
The region of northern Ontario covers nearly 90% of the province, however its population of 786,000 represents just over 6% of the provincial population according to the 2006 Statistics Canada Census. As a result, the Ontario provincial government has released a number of small business funding grants and loans specifically for northern Ontario SMEs, including…
FedNor is a regional development organization focusing on helping manufacturers operating in Northern Ontario. Through a variety of government funding and support services, FedNor has played a vital role in strengthening businesses and communities across the region. CME’s Role in Offering Funding for Operational Assessments in Northern Ontario Realizing the importance of operational assessments in…
The Federal Economic Development Agency for Northern Ontario (FedNor) provides government funding support for building strong and sustainable communities in Northern Ontario through their Community Economic Development initiative. This initiative is a major component of the Northern Ontario Development Program (NODP), which provides Canadian Government funding to accelerate the progress of Northern Ontario’s economic priorities….
The Northern Ontario Development Program (NODP) is the flagship program of the regional economic development agency for Northern Ontario (FedNor). NODP features several programs and initiatives to stimulate economic investment and innovation in Northern Ontario communities. NODP Program Funding Grants for Small Business Development The Northern Ontario Development Program features 3 key initiatives that provide…
The Federal Economic Development Agency for Northern Ontario (FedNor) has teamed up with Innovation Initiatives Ontario North (IION) to develop the Step Forward Entrepreneurs Program (SFEP). SFEP offers non-repayable grant funding for small business owners in Northern Ontario to expand their sales and product offerings through several funded activities. Step Forward Entrepreneurs Program (SFEP) –…
FedNor, Canada’s regional development organization for Northern Ontario, offers Canadian Business Grants for SMEs looking to improve their productivity and competitiveness through the Northern Ontario Development Program (NODP). The NODP offers an Innovation Initiative, which provides repayable grant funding for businesses and research institutions to improve their research capacities and strengthen their partnership alliances. FedNor…