Friday, January 21, 2011

FedNor Money Announced


The Federal Government is adding just over $1.1. million to FedNor.

Industry Minister Tony Clement says the investment will help continue to grow business and create jobs in the northwest.

"Big banks in the big cities are sometimes good at loaning money in the big cities," says Clement, "but sometimes less successful at making loans available to small businesses in rural and northern Canada."

Clement says there will also be some small changes to FedNor coming that will see it focus more on economic growth.