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Wawa & Area Funders’ Forum June 6, 2013 Partnership. Prosperity. Progress.

Wawa & Area Funders’ Forum June 6, 2013 Partnership. Prosperity. Progress. Partenariat. Prospérité. Progrès. FedNor. The Government of Canada looks to FedNor to deliver its and mandate in Northern Ontario. economic development. business growth. FedNor. FedNor Programs.

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Wawa & Area Funders’ Forum June 6, 2013 Partnership. Prosperity. Progress.

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  1. Wawa & Area Funders’ Forum June 6, 2013 Partnership. Prosperity. Progress. Partenariat. Prospérité. Progrès.

  2. FedNor • The Government of Canada looks to FedNor to deliver its and mandate in Northern Ontario. economic development business growth

  3. FedNor FedNor Programs • Northern Ontario Development Program2013-2014 Investment Budget - $35.5M • Community Futures Program2013-2014 Investment Budget - $8.36M • Economic Development Initiativein support of official language minority communitiesLaunching in Fall 2013

  4. Northern Ontario Development Program • FedNor’s Northern Ontario Development Program (NODP) helps to strengthen , enhance and facilitate in communities across Northern Ontario. community economic development • Our priorities are: • Community Economic Development • Business Growth and Competitiveness • Innovation business growth innovation

  5. Northern Ontario Development Program Community Economic Development FedNor is committed to working with economic development and industry stakeholders to build strong and sustainable communities in Northern Ontario. • plan and mobilize their resources • enhance business growth • exploit new opportunities for economic development and diversification

  6. NODP: Community Economic Development Eligible activities • Strategic and business planning • Marketing and engineering studies • Workforce attraction and retention strategies • Industrial/business parks • Downtown revitalization • Waterfront development • Youth internships

  7. Northern Ontario Development Program Business Growth & Competitiveness FedNor is committed to fostering economic growth and increased competitiveness of businesses in Northern Ontario. • Improve productivity • Reach new markets • Facilitate access to capital • Encourage entrepreneurship

  8. NODP: Business Growth & Competitiveness Eligible activities: • business management capacity development • access to new markets outside Northern Ontario • investment attraction • industry collaboration and support for SMEs • development, promotion and expansion of business associations • youth internships

  9. Northern Ontario Development Program Innovation FedNor is committed to supporting communities and businesses to become more innovative, productive and competitive. • commercialization of new technologies • technology linkages: businesses and institutions • advancing technological research & development • promoting community innovation initiatives

  10. NODP: Innovation Eligible activities: • proof of concept, engineering design, product testing • technology development, acceleration • creating, acquiring or enhancing assets to support technological innovation • linking stakeholders in the innovation system • studies related to innovation, including business plans and feasibility studies • youth internships to assist with projects related to innovation

  11. Youth Intern Enhancements • Not-For-Profit Applicants: $31,500 or 90 percent toward employee salary and benefits. • Private Sector Applicants: $31,500 or 50 percent toward employee salary, benefits, and professional/business skills development and associated travel costs. • On an exceptional basis where conditions warrant and activities being undertaken build economic development capacity, the internship period for small municipalities and First Nation communities may be up to 24 months to match project work plans.

  12. Northern Ontario Development Program Application Process Phase One - Initial application • simplified form outlining concept • easy to complete • timely decisions on project concepts Phase Two - Detailed submission • requirements based on project complexity • expedited due diligence Youth Internships • stand-alone, simplified application form

  13. Northern Ontario Development Program Other Considerations NODP project applications are reviewed based on several criteria, including: net economic benefit to Northern Ontario, especially in the short- to medium-term (up to five years); development, growth and increased competitiveness of SMEs; alignment with community economic priorities; need for assistance to make the project viable; requested assistance complements and does not displace other funding programs; and, opportunities to leverage investment from other funding sources.

  14. FedNor We should talk… For more information on FedNor’s Programs, please visit our Website. Or, call a FedNor officer in your region. FedNor.gc.ca 1-877-333-6673 Pour obtenir de plus amples informations au sujet de nos programmes, visitez notre site Web. Ou communiquez avec un agent de FedNor dans votre région. (Cette présentation est disponible en français)

  15. By working in partnership with local stakeholders, FedNor is bringing progress and prosperity to Northern Ontario.

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