FedNor funds will help the local community futures development corporation support new growth and stability and expansion of the current market
January 10, 2024 - Atikokan, ON - Federal Economic Development Agency for Northern Ontario - FedNor
Marcus Powlowski, Member of Parliament for Thunder Bay-Rainy River, today announced a FedNor investment of $1,000,000 in the Atikokan Economic Development Corporation (AEDC). The announcement was made on behalf of the Honourable Patty Hajdu, Minister of Indigenous Services and Minister responsible for FedNor.
FedNor funds will support the AEDC's Investment Fund, which is used to assist entrepreneurs in creating new small- or medium-sized enterprises and to assist existing enterprises in stabilizing or expanding operations. In particular, the Investment Fund can be used to address increasing demand in the mining and energy sectors, which have been identified as areas of growth for Northern Ontario and the Atikokan region.
This investment will enable the AEDC to better respond to opportunities and challenges faced by the community.
