FedNor is the Government of Canada’s economic development organization for Northern Ontario. Through its programs and services, and through its financial support of projects that lead to job creation and economic growth, FedNor works with businesses and community partners to build a stronger Northern Ontario.
Small Business Loans: FedNor supports a network of 24 Community Futures Development Corporations (CFDCs) in Northern Ontario. These local, not-for-profit organizations provide business financing, as well as business planning and other services. For the Parry Sound District, the organizations are:
Parry Sound Area CBDC – https://cbdc.parrysound.on.ca
Muskoka CFDC – https://www.muskokafutures.ca
NECO CFDC – https://neco.on.ca
Youth Internship Program: Targets businesses that are interested in hiring a recent graduate (persons under 30 years of age) for eligible roles under the Northern Ontario Development Program or Economic Development Initiative guidelines. Funding of up to $31 500 is available to a maximum of a 50% contribution (for businesses) and 90% contribution for not for profit organizations.
Regional Economic Growth through Innovation (REGI)
Supporting the growth of Canadian businesses, their expansion into new markets and their adoption of new technologies and processes.
Northern Ontario Development Program (NODP)
Supporting communities’ efforts to plan and mobilize their resources, enhance business growth, and exploit new opportunities for economic development and diversification.
Community Futures Program (CFP)
Encouraging the growth of small and medium-sized businesses via a network of 24 Community Futures Development Corporations spread out across the region.
Economic Development Initiative (EDI)
Enhancing the economic viability of the region’s Francophone communities through support for innovation, economic diversification and business growth initiatives.
Canadian Experiences Fund (CEF)
Investing in projects that capitalize on Northern Ontario’s strength to grow the region’s tourism sector.