HARPER GOVERNMENT INVESTS TO SUPPORT SMALL BUSINESS DEVELOPMENT AND GROWTH IN THE LAKE OF THE WOODS REGION
KENORA, Ontario, July 24, 2012 — The Honourable Rob Nicholson, P.C., Q.C., M.P. for Niagara Falls, Minister of Justice and Attorney General of Canada, accompanied by Greg Rickford, Member of Parliament for Kenora, today announced, on behalf of the Honourable Tony Clement, Minister for FedNor, a Government of Canada investment that will help create jobs, and support small business development and growth in the Lake of the Woods region.
“Today’s announcement further demonstrates how the Harper Government supports the hardworking families and business owners in the Kenora region,” said Minister Nicholson. “By ensuring that small and medium-sized enterprises have access to the tools they need to grow and prosper, we are helping create a strong and diversified economy.”
“Our government is focused on creating the right conditions for entrepreneurs to succeed and create jobs,” said MP Rickford. “Working with community partners, such as the Lake of the Woods Business Incentive Corporation, is delivering positive economic results, one small business at a time.”
A FedNor investment of $300,000 will enable the Lake of the Woods Business Incentive Corporation (LOWBIC) to provide small and medium-sized businesses with access to capital and business counselling services, as well as support for regional community economic development and planning activities for a one-year period. An additional investment of $157,500 will help LOWBIC coordinate training and networking opportunities for the nine Community Futures Development Corporations (or CFDCs) that are part of the Northwestern Ontario CFDC Network.
Based in Kenora, LOWBIC is one of 24 CFDCs funded by FedNor to serve Northern Ontario businesses and communities. The community-based, not-for-profit organizations are run by volunteer boards, and staffed by experienced business and economic development professionals.
“Thanks to this FedNor funding, we can continue to provide critical services to support business and economic development throughout our catchment area,” said Anita Webb, Chair, Lake of the Woods Business Incentive Corporation.
The funding announced today is provided through FedNor’s Community Futures Program, which supports projects that strengthen community economic development, enhance business growth, and create jobs in the region.
To learn more about FedNor and the Community Futures Program, visit: fednor.gc.ca.