FedNor funding for 32 businesses and organizations in the northeast

FedNor is supporting over 30 small and medium sized businesses and organizations in the northeast with funding to help them recover from the impacts of COVID-19.

Nearly $6 million is flowing from the Regional Relief and Recovery Fund to bridge the financial gap caused by the pandemic.

The North Bay and District Chamber of Commerce and Innovation Initiatives Ontario North are among the recipients.

IION expects to provide direct support to more than 25 local companies, while helping to maintain more than 25 jobs in the region.

“Our government is proud to help businesses and organizations bridge the gap and help ensure that they make it through these challenging times. Today’s announcement supports our phased plan for a robust and lasting recovery that supports good jobs here in Northeastern Ontario and across the country. We will continue to do everything in our power to keep Canadians healthy, safe and solvent,” says Terry Sheehan, Parliamentary Secretary to the Minister of Economic Development and Official Languages and Minister responsible for FedNor.

“Small and medium-sized businesses are the backbone of the Nipissing-Timiskaming economy,” says Anthony Rota, Member of Parliament for Nipissing-Timiskaming. “By acting quickly to come to the aid of businesses and organizations through the Regional Relief and Recovery Fund and other federal initiatives, we are helping to safeguard businesses and protect local communities from the long-term economic impacts of the COVID-19 pandemic.”

“Innovators and jobs creators are facing unprecedented challenges and this investment will allow us to deliver immediate COVID-19 support through our Step Forward Entrepreneurs Program. As a result of this funding, we expect to provide direct support to more than 25 local companies, while helping to maintain more than 25 jobs in the region, “ says Rob Deline, Executive Director, Innovation Initiatives Ontario North

The RRRF is still accepting applications: http://fednor.gc.ca/eic/site/fednor-fednor.nsf/eng/h_fn04591.html

FedNor’s allocation is $71.8 million.

(File photo by station staff)