FedNor has received a high number of applications for this funding program and demand significantly exceeds the amount of funding available. The program is now closed and further applications will no longer be considered.
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The Jobs and Growth Fund provides funding to businesses and organizations to help create jobs and position local economies for long-term growth. The Fund, delivered by Canada's regional development agencies (RDAs), provides $700 million nationally over three years, which includes up to $70 million dedicated to businesses created after January 2020 that meet eligibility criteria.
In Northern Ontario, FedNor is investing $26.6 million to help job creators and the organizations that support them to future-proof their businesses, build resiliency and prepare for growth by transitioning to a green economy, fostering an inclusive recovery, enhancing competitiveness, and creating jobs in every corner of the country.