Friday, August 21, 2009

FEDNOR Funding Announced

More than $1.5 million dollars from FEDNOR has been announced for the Rainy River district.

The bulk of the money will go to the Rainy River Future Development Corporation.

$900,00 will allow it to continue offering business services and access to capital for small and medium-sized businesses, and as well as continuing with a number of community development projects for the next three years.

An additional $225 thousand will be used by the corporation to support smaller scale, regional economic development initiatives.

Atikokan's Community Futures Development Corporation received $75-thousand to support a variety of small, regional economic development projects.

The town of Fort Frances will use $170-thousand for the purchase of web and video-conferencing equipment for its library and technology centre.

The town of Rainy River received $65-thousand to hire consultants to work on its investment readiness strategy.

Atikokan Youth Initiatives and the Rainy River Future Development Corporation also received fednor funding to hire youth interns.