FedNor Your partner in Northern Ontario FONOM Northeastern - - PowerPoint PPT Presentation

FedNor

Your partner in Northern Ontario FONOM Northeastern Municipal Conference Sudbury, May 9, 2019

Prosperity and Growth Strategy for Northern Ontario

2

Federal Support for Regional Growth Strategies

In 2018-19, the Government of Canada:

• Launched four new programs to de delivered by Canada’s RDAs:
• Regional Economic Growth through Innovation (REGI)
• Steel and Aluminium Initiative (SAI)
• Women Entrepreneurship Strategy (WES)
• Canadian Experiences Fund (CEF) – Tourism

3

Prosperity and Growth Strategy for Northern Ontario

All FedNor projects in fiscal 2018-19 were aligned with the focus of the PGSNO. This represented:

• $72 million in authorized assistance
• 149 projects

In total, these investments leveraged $125.5 million in funding from other sources for projects benefiting our region.

4

Prosperity and Growth Strategy for Northern Ontario

5

PGSNO

3 Priority Areas 11 Strategies/Actions

❑ Regional innovation ecosystems ❑ Talent attraction & retention ❑ Indigenous business growth ❑ Sector development ❑ Program access ❑ Technology adoption ❑ Scale-up and export development ❑ Regional clusters ❑ Women entrepreneurship

Innovation Companies Communities

❑ Bilingual workforce ❑ Municipalities and Indigenous communities

Supporting Innovation – Regional Innovation Ecosystems

Programming REGI – Regional Innovation Ecosystems Stream Funding to non-profit organizations to provide program and other supports to foster innovation, growth and competitiveness in entrepreneurs and businesses. Investments

• Technology centres
• Example: $1 million for Canadore College’s ICAMP
• Regional Innovation Centres

6

Growing Companies – Scale-Up and Export Development

Programming REGI – Business Scale-up and Productivity Stream Provides funding for businesses to accelerate their growth, expand and/or diversify their productivity and competitiveness, including the Accelerated Growth Service (AGS) Investments

• PDAC – $690,000, 110 businesses
• Royal Agricultural Winter Fair – $564,000, 50 businesses
• The Bucket Shop (Timmins): $1 million
• Crofters Food: $1.7 million for 5 projects
• Legend Boats: $200,000 to adopt new technology

7

Growing Companies – Indigenous Business Growth

Programming Provide support and services to encourage entrepreneurship and business development and growth in First Nations communities Investments

• Support for the establishment of an Indigenous Centre of Excellence

in Mining and Mineral Development with Waubetek CFDC

• Funding for business projects:
• MagnetawanFirst Nation for a new rock quarry
• Z’gamokEntreprises Inc. for ore-haul business opportunity with Vale

8

Growing Companies – Women Entrepreneurship

Programming Women Entrepreneurship Strategy (WES) / NODP

• Women Entrepreneurship Fund – supports business activities that focus on

market opportunities, expansion and growth.

• WES Ecosystem Fund – supports non-profit organizations to address gaps

and build capacity in the entrepreneurship ecosystem for women

• Northern Ontario Development Program – supports initiatives

that provide economic opportunities for women entrepreneurs. Investments

• $950,000 to support 11 businesses owned or led by women
• $3 million to PARO to continue to support women entrepreneurs

in building productive, competitive and well-managed firms

9

Growing Companies– Bilingual Workforce

Collaboration

• Lead role in supporting and developing Official Language Minority Communities

(OLMCs) in Northern Ontario

• Ongoing collaboration with IRCC in promoting Francophone immigration

programs Programming Economic Development Initiative (EDI) Investments

• $1.3 million in 5 projects to support OLMC and francophone events
• Place des Arts: $3 million from FedNor, $9.5 million from Heritage

10

Building Stronger Communities - Municipal and Indigenous Communities

Programming Support to municipalities, First Nations and not-for-profit organizations to help them mobilize their resources, enhance business growth, and exploit new opportunities for economic development and diversification. Investments

• $12.6 million for 15 initiatives designed to build regional competitiveness
• $1 million to expand Kirkland Lake industrial park
• $2.1 million for 8 projects to help communities

implement economic development strategies (CIINO)

11

Building Stronger Communities – Talent Attraction / Retention

Programming Support to communities attract and retain skilled workers Collaboration Worked closely with Immigration, Refugees and Citizenship Canada (IRCC) on the new Northern and Rural Immigration Pilot Investments

• $900,000 to support 24 internships
• $2.6 million for software testing and training centre for

Indigenous students (PLATO)

• $50,000 to the NPI to match up employers and potential immigrants

12

Next Steps – Supporting Innovation

• Regional Cluster Development
• Mining
• ICT/Digital
• Agri-Food
• Biotech
• Continue to support stakeholders to grow the innovation ecosystem
• Support to the private sector for the development and marketing
• f innovative products and services.

13

Next Steps – Growing Companies

• Provide new funding for innovative business opportunities - REGI
• Enhance programming for digital technology adoption
• Support for export initiatives
• Deliver Women Ecosystem Strategy projects
• Deliver Steel and Aluminum Initiative

14 14

Next Steps – Building Stronger Communities

• Continue to support new Minister of Rural Economic Development and the

development of the federal Rural Economic Development Strategy

• Ongoing collaboration with federal and provincial partners, including in the

areas of rural broadband connectivity planning and implementation, the Ring

• f Fire and Indigenous Enterprise Growth
• Support community readiness for immigration
• Deliver the Canadian Experiences Fund in support
• f tourism initiatives
• Continued support for Community Economic Development

infrastructure

15 15