Indigenous People. Image credit: Unsplash Ian Macharia
Scugog: Economic development in Ontario’s Indigenous communities is being supported by the government’s grant of $25 million over the next three years.
This funding would facilitate Indigenous businesses’ and communities’ recovery after the COVID-19 pandemic, modernize business processes, remove barriers for Indigenous people pursuing an apprenticeship, and provide training opportunities.
“Our government is proud to invest in Indigenous businesses…to provide lasting support by investing in local economies,” said Greg Rickford, Minister of Indigenous Affairs in a news release.
Established programs to leverage Indigenous partnerships would progress through funding for 2022-23 over three years.
Details are as follows
- $10 million to increase access to low-interest loans and grants for Indigenous businesses and entrepreneurs
- $2.5 million for capital to support digitization and e-commerce
- $800,000 to map and better understand issues within Ontario’s Indigenous supply chain and facilitate solutions to increase opportunities for Indigenous businesses in Ontario
- $7.7 million in funding to support economic development training opportunities in communities
- $4 million to reduce financial barriers for Indigenous apprentices.
#Ontario; #IndigenousCommunities; #EconomicDevelopment
