FedNor’s investment through the Community Investment Initiative for Northern Ontario will enable recipient communities and First Nations to increase the number of community and/or regional economic development initiatives implemented leading to increased business investment; job creation; and increased regional collaboration and partnerships among communities.
Community Investment Initiative for Northern Ontario ( CIINO ) investments are anticipated to:
- Create jobs;
- Increase the number of community and/or regional economic development initiatives implemented (e.g., waterfront development, downtown diversification, etc.) leading to investment attraction, economic growth and sector development, and/or innovation;
- Increase regional collaboration and partnerships among communities.
- Rural municipalities, First Nation communities in Northern Ontario;
- Community Futures Development Corporations ( CFDCs ) and Tribal Councils on behalf of several communities.
Applicants would need to meet the following criteria, stating that:
- They do not have a dedicated full-time economic development officer position.
- They have either an existing economic plan or strategy with a concrete economic opportunity requiring support to implement or an identified economic opportunity to capitalize on, develop and implement
- They can demonstrate administrative capacity to undertake the project, including establishing work objectives and monitoring project outcomes.
Note: Regionally-based projects may include communities or First Nations with an economic development officer that do not have the capacity to lead a regional effort.
Eligible Project Activities
- An economic opportunity is one that supports investment attraction, economic growth and sector development, innovation and/or job creation.
- Implementation of economic opportunities identified in community and/or regional economic development plans that demonstrate strong achievable economic results.
- Activities that strengthen communities’, First Nations and/or regional economic foundation.
Communities, First Nations and organizations with limited resources and assets will be encouraged to partner with neighbouring communities or First Nations to share resources and make linkages in order to maximize regional economic impact.
Eligible costs include all expenses directly related to the project and deemed reasonable and necessary for its execution.
- Salary and Benefits;
- Travel (related to meeting the above activities);
- Applicants are expected to cover all associated administrative costs.
- FedNor will contribute up to 90% of eligible costs to a maximum of $100,000 annually for a period of up to three years.
- A regional project may be eligible for increased funding up to $170,000 depending on the number of partner communities and geographic coverage.
- Contributions will be non-repayable.
FedNor is committed to providing quality service to all applicants and funding recipients in the official language of their choice.
Our goal is to:
- acknowledge receipt of an application within (3) working days (FedNor has, on average, met this service standard in the 2021/22 fiscal year 100% of the time); and,
- provide a decision on applications within eighty (80) working days of receipt of a fully completed application (FedNor has, on average, met this service standard in the 2021/22 fiscal year 80% of the time)Footnote 1.
- render a payment decision on claim submissions within thirty-five (35) working days (FedNor has, on average, met this service standard in the 2021/22 fiscal year 86% of the time).