Government Funding to Economic Development

Vic Fedeli, MPP for Nipissing announced that the Ontario government is positioning rural Ontario for increased economic development and prosperity by launching a new intake under the Rural Economic Development (RED) program.

The funding opens doors to rural economic development through:

· funding assistance to address barriers to economic development and labour force challenges, better position rural communities to attract or retain investment, and enhance economic growth

· funding to build community capacity and support for economic development in Ontario’s rural communities

· investments in rural communities to help diversify and grow local economies – making economic growth more inclusive so rural Ontario continues to share in the province’s economic prosperity

 The intake opened on January 21, 2024, and closes on February 21, 2024.