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Canadian Northern Economic Development Agency CanNor Yukon Region

Canadian Northern Economic Development Agency CanNor Yukon Region. First Nations Bioenergy Workshop March 2016. Why CanNor?. Our Mandate To contribute to building a strong, diversified and sustainable economy for the North that contributes to Canada’s prosperity. How does CanNor do this?.

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Canadian Northern Economic Development Agency CanNor Yukon Region

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  1. Canadian Northern Economic Development AgencyCanNor Yukon Region First Nations Bioenergy Workshop March 2016

  2. Why CanNor? Our Mandate To contribute to building a strong, diversified and sustainable economy for the North that contributes to Canada’s prosperity

  3. How does CanNor do this? Through: • meaningful partnerships • the delivery of economic development programs and services

  4. CanNor is…. • Part of the federal gov’t’s Innovation, Science & Economic Development (ISED) portfolio • 1 of 6 regional economic development agencies across Canada • 4 offices and 84 staff • Yukon Region delivers approximately $7.5M annually.

  5. Partners & Stakeholders • Territorial governments • Self-governing First Nations • First Nations organizations • Communities and businesses • Other federal government departments and agencies

  6. Contribution Programs • Northern Aboriginal Economic Opportunities Program (NAEOP) • to build capacity and support economic development within Indigenous communities and businesses • Yukon delivers approx. $1.1M annually

  7. Contributions Programs 2. Strategic Investments in Northern Economic Development (SINED) • Focuses on strengthening key sectors; • Promotes economic diversification • Encourages Northerners’ participation in territorial economies • Yukon delivers approx. $6.5M annually

  8. NAEOP NAEOP has 2 programs: • CROP – Community Readiness and Opportunities Planning • EBD - Entrepreneurship and Business Development • Funding is capped at 80%

  9. NAEOP - CROP Projects that will contribute to : • increasing community employment • Enchancing the use and increase value of resources under community control • generating more community government revenue from economic development …cont’d next

  10. CROP(cont’d) • Creating a better climate and environment for community economic development • Increasing capacity within indigenous community governments to take advantage of future economic opportunities • Generating more investment in community.

  11. NAEOP - EBD Goals: • To provide financial support to Aboriginal entrepreneurs, businesses and commercial entities to expand their businesses • To help applicants purse economic opportunities that benefit aboriginal people • To provide project based support for activities that help to establish or grow Aboriginal businesses.

  12. SINED • Targeted Investment Program (TIP) • Innovation and Knowledge (I&K) • Partnership and Advisory Forum (PAF) • Pan-Territorial Fund (PTF) Seeking SINED renewal for April 1, 2016

  13. How are projects assessed? • Cost sharing and leveraging • Expected economic benefits/outcomes • Meeting criteria & objectives of Terms & Conditions of the programs • On-going benefits to territory & Canadian economies after project completion …cont’d

  14. How are projects assessed? • Investments that avoid market disruptions • Fit regional strategies & consistency with federal priorities • Types & levels of assistance commensurate with assessment of risk involved & applicant’s resources • Consider other sources of funding available to recipient.

  15. Examples of projects • Kluane First Nation – potential Wind energy • Dena Nezzidi Development Corp – potential Geothermal Development • Champagne & Aishihik First Nation – Aboriginal Forestry Initiative and Resource Development Policies • CYFN-Land Titles Registry • Govt of Yukon – Energy Mines Resources (with NRCan) Forest Sector Support Program • Yukon Chamber of Mines – Yukon Geoscience Forum and Trade Show

  16. Questions? CanNor Contacts: Verdun Noel 667-3339 Jacine Fox 667-3378 James Pugsley 667-3313 Joe Bradley 667-3891 Polly Thorp 667-3346

  17. Questions? CanNor office location: Elijah Smith Building, 4th floor 400 - 300 Main St. Website: www.cannor.gc.ca

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