FedNor funding to help create and maintain more than 1100 of jobs through business expansion, community growth and economic activity
October 1, 2026 - Thunder Bay, ON - Federal Economic Development Agency for Northern Ontario - FedNor
The global economy is rapidly changing, and many Canadians are feeling the effects. In response, the Government of Canada is focused on what it can control: helping businesses start up and scale up, while creating jobs, growth and a stronger economy.
Today, the Honourable Patty Hajdu, Minister of Jobs and Families and Minister responsible for FedNor, and Member of Parliament, Thunder Bay-Superior North, announced a FedNor investment of $20,533,121 to support of 22 projects led by Community Futures Development Corporations (CFDCs) across Northern Ontario.
Specifically, the FedNor funding will help strengthen communities, support businesses and start-ups, create local jobs and support economic development and growth across Northern Ontario. These targeted investments will also pave the way for communities and businesses expand and prosper, while helping to create or maintain over 1,200 jobs in Northern Ontario. Last year alone, the Community Futures Program supported 1,092 businesses and more than 1,100 jobs across the region.
Across the country, Community Futures Development Corporations (CFDCs) are helping entrepreneurs start or expand their businesses and investing in communities to strengthen the economy. In Northern Ontario, 24 of these community-based, not-for-profit organizations are working hard to create jobs and provide a full range of business development services, including access to capital, mentoring, information and referrals, as well as support for community economic development and special projects.
For a complete funding breakdown and project details, please see the associated backgrounder.
