Ontario Putting resources into Monetary Advancement Drives in First Countries People group

Abdur Rahman Khan

New partnership providing training and support to promote economic growth

The Ontario government is building major areas of strength for a by cooperating with the Ontario First Countries Monetary Engineers Affiliation (OFNEDA) to help people and organizations in First Country people group set out and extend financial open doors.

The territory is giving $6.8 million to assist OFNEDA with conveying preparing for Financial Advancement Officials and subsidizing to First Country people group to help the enrollment and maintenance of qualified people.

“Financial Improvement Officials in First Country people group offer basic help that assists Native business people and organizations with flourishing. Greg Rickford, Minister of Indigenous Affairs, stated, “Working with OFNEDA will help us ensure that Economic Development Officers and Indigenous business leaders receive the training and support they need to promote economic growth in their communities.” This partnership exemplifies how we are advancing our commitment to Indigenous communities’ prosperity and growth.

The funding of $6.8 million is the result of recommendations made by the Chiefs of Ontario-led First Nations Economic Growth and Prosperity Table. The funding is part of a $25 million investment made by the province over three years to support the economic growth of Indigenous peoples, which includes:

  • $10 million for Indigenous businesses and entrepreneurs to increase access to low-interest loans and grants.
  • $2.5 million to support digitization and e-commerce for Indigenous businesses.
  • $800,000 to better understand issues within Ontario’s First Nation supply chain and grow First Nation businesses.
  • $4 million to support skills training and Indigenous apprentices.
  • $900,000 to support the work of the First Nations’ Economic Growth and Prosperity Table.

OFNEDA has supported Indigenous businesses through training workshops and conferences as well as assistance in government procurement, proposal writing, strategic planning, and marketing since its inception in 2009. Leaders in the industry, Indigenous business professionals, and government officials have access to the association to network and discuss upcoming business initiatives.

Adam Pawis, Chair of the Ontario First Nations Economic Developers Association, stated, “On behalf of the Board of Directors, we are excited and empowered by the new $6.8 million three-year funding agreement with the Government of Ontario.” Skills training, community and industry research, procurement readiness, and the capacity to write proposals and business plans are just a few of the ways in which this much-needed funding will contribute to the capacity building that will take place within our communities. Not only will our communities be able to find strong candidates for Economic Development Officer positions, but they will also be able to provide them with the tools, training, and support they need to succeed in their positions. We would like to express our gratitude to Minister Rickford and his staff for their efforts and dedication in achieving this funding agreement. We anticipate developing strong working relationships in the years to come as we put these initiatives into action.

Ontario is working to advance economic prosperity in Indigenous communities and is bolstering relationships with Indigenous partners. By encouraging economic expansion, lowering the cost of doing business, attracting new investments, and expediting the construction of crucial infrastructure, the government of Ontario is building the province for today and the future.

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