The Government of Canada is investing $45,500 to help Magnetawan First Nation capitalize on opportunities associated with the planned four-laning of Highway 69 through its community.
A comprehensive capital planning study will enable the First Nation to identify economic development opportunities, as well as anticipate future infrastructure and social needs.
Navdeep Bains, Minister of Innovation, Science and Economic Development, and Minister responsible for FedNor, announced the funding May 25. The investment will assist with economic development-related activities such information gathering, community consultation, infrastructure planning and engineering.
"Our government is committed to helping First Nations maximize economic development opportunities through investments in strategic projects,” Bains said, in a press release.
“This initiative will assist Magnetawan First Nation to determine its best investment options that will lead to sustainable growth, economic diversification and job creation."
"We would like to thank the Government of Canada for its support, through FedNor, that is helping us steer a course toward economic prosperity,” said William Diabo, Chief of the Magnetawan First Nation.
“Planning is essential for us to prioritize projects and ensure that we pursue those opportunities that will give us the greatest return.”
The funding is provided through FedNor’s Northern Ontario Development Program, which supports projects that promote sustainable community economic development, enhance business development and growth, and facilitate innovation throughout the region.
