(Toronto, ON – October 19, 2022) Ontario Regional Chief Glen Hare issued the following statement welcoming the Government of Ontario’s $25 million investment over the next three years to support economic development in First Nations communities:
“I am pleased to announce the Government of Ontario’s $25 million investment over the next three years to support economic development in First Nations communities,” said Ontario Regional Chief Glen Hare. “This investment will stimulate post-pandemic recovery and build prosperous First Nations communities. It is also an opportunity to create long-term solutions rooted in mutual respect and collaboration, to ensure First Nations are successful on a local, regional, national and global level.”
Funding for 2022-23 will flow through established programs and leverage Indigenous partnerships. Over three years, funding will include the following:
- $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.
“It is through a strategic, First Nations-led mechanism called the First Nations Economic Growth and Prosperity Table (Prosperity Table), a joint table with the Government of Ontario, which enabled us to secure this investment and move forward on our shared priority of achieving economic growth for all Ontarians.
Our partnership through the Prosperity Table allowed us to achieve this milestone and support First Nations-led economic development, prosperity, and wealth creation that respects the diversity of First Nations communities, Treaty, and inherent rights.
I look forward to continuing our important work on our shared priority of achieving economic growth for First Nations and all Ontarians and strengthening our growing relationship with Premier Ford and his Cabinet.”
Ontario Regional Chief Glen Hare
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The Chiefs of Ontario support all First Nations in Ontario as they assert their sovereignty, jurisdiction and their chosen expression of nationhood. Follow Chiefs of Ontario on Facebook, Twitter or Instagram @ChiefsOfOntario.
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