$1,600,000 to support northern small businesses

Government funding supports business development and growth in the superior east region

SooToday file photo of MP Terry Sheehan. Darren Taylor/SooToday

NEWS RELEASE

FEDNOR

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WAWA - Terry Sheehan, Member of Parliament for Sault Ste. Marie, on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development, and Minister responsible for FedNor, today announced an investment of $1,600,000 in support of small business development and growth in the region that includes Wawa, Dubreuilville, White River and Chapleau.

The FedNor contribution will enable the Superior East Community 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.
Based in Wawa, the Superior East Community 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

“The Government of Canada recognizes the important role that small and medium-sized enterprises play in helping grow the economy, spur innovation and create jobs right across the country. By working in partnership with grassroots organizations, such as the Superior East Community Development Corporation, we are helping our rural communities achieve their economic development goals.” The Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development, and Minister responsible for FedNor

“The Superior East Community Futures Development Corporation has a long track record of helping grow the local economy, one small business at a time. The Government of Canada is proud to assist this dedicated, community-focused organization in its efforts to strengthen the regional economy and create jobs that will benefit area businesses and residents alike.” Terry Sheehan, Member of Parliament for Sault Ste. Marie

“We welcome the Government of Canada’s continued support which enables us to keep working hard with businesses and entrepreneurs in the area and to champion regional economic diversification and development initiatives that will pay dividends now and into the future.” Tom O’Shaughnessy, Chair, Superior East Community 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

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