Kasabonika Lake, Ontario – Greg Rickford, Canada’s Minister of Natural Resources and Minister for the Federal Economic Development Initiative for Northern Ontario (FedNor), announced today a Government of Canada investment to support economic and business growth, jobs and long-term prosperity in Kasabonika Lake First Nation.
“Our government is committed to working closely with Aboriginal communities to support their efforts to diversify, grow and create jobs. Today’s announcement will help Kasabonika Lake First Nation create an economic roadmap that will guide its efforts to maximize economic opportunities, including those related to resource development projects such as the Ring of Fire,” stated Minister Rickford.
“This project will help our community develop a cohesive planning approach that will prepare us to benefit from emerging business opportunities. On behalf of the members of our First Nation, I welcome and appreciate this strong show of support from the Government of Canada,” commented Chief Eno H. Anderson Kasabonika Lake First Nation.
The FedNor investment of $151,000 will enable Kasabonika Lake First Nation to develop a five-year economic and business strategic plan for three of the community’s business entities, including the Kasabonika Lake First Nation Resources LP, Kasabonika Resources Corporation, and the Kasabonika Community Development Corporation. The project will involve the development of an economic development strategy, an integrated corporate business plan, as well as governance and leadership sessions.
Identified as a local priority, this strategic initiative will help Kasabonika Lake First Nation capitalize on emerging business and economic development opportunities related to forestry, energy generation and mining, including the Ring of Fire development.
Quick Facts
- Kasabonika Lake First Nation’s traditional territory is situated on the western edge of the Ring of Fire region, a resource-rich area which holds substantial business and economic growth opportunities for communities and businesses throughout Northwestern
- The funding announced today 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
- Since 2006, through FedNor’s Northern Ontario Development Program, the Harper Government has invested $343 million in support of more than 1,645 projects. These investments have supported more than 21,500 jobs throughout Northern
