FedNor funding is supporting more than 100 businesses across the north, including our area, with expansion and modernization.
Over $1.8 million is going to Northern Ontario Angels, a not-for-profit group that links private investors with northern businesses.
The goal is to stimulate investment opportunities in the region.
FedNor says the three-year project is anticipated to result in 750 new jobs and over $13 million invested in northern companies by 2027.
“Investments in Northern Ontario businesses ensure the sustainability of our regions while helping improve quality of life for people in Sudbury, in Nickel Belt, and across the North,” says Marc Serré, Member of Parliament for Nickel Belt. “By supporting increased access to investments for our local small and medium sized businesses, FedNor is helping to build a resilient regional economy that will enhance the growth and vitality of our communities.”
Plans include a marketing and branding strategy for the Northern Ontario Angels, the development of an Indigenous business strategy, increased support for life sciences and mining innovation companies, and more.