Government Funding to Economic Development

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.

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