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Northern Development Fund

Northern Affairs

Last Verified: 2005-05-16

The Northern Development Fund contains a set of initiatives to stimulate economic development in northern Saskatchewan and encourage diversification and job creation.  The purposes of the fund are to: support community economic and northern business development, help ensure that benefits from resource developments contribute to the long-term economic development of the North, contribute to increased participation by northerners in economic development decision making, and improve the coordination of economic development activities among residents, communities, entrepreneurs, businesses, industries and institutions.

Eligibility Criteria

Programs under the fund are open to northern Saskatchewan residents who have lived in the North for 10 years.  Corporation, partnerships, co-operatives and economic development organizations will be considered eligible if they are at least 51 per cent owned by northern residents.

Summary

The Northern Development Fund includes a loan program, grants for research and development, and grants for community economic development.  The loan program focusses on: business related to the resource industry, business contributing to northern economic diversification, essential retail and service businesses, fishing, trapping and wild rice harvesting.  The delivery of business skill development initiatives is also supported.  The Northern Development Fund is advised by a Northern Review Board composed of Northerners.

Saskatchewan Contact(s):
Mr. Glenn McKenzie
Northern Affairs
P.O. Box 5000
La Ronge, Saskatchewan  S0J 1L0
Telephone: (306) 425-4295
Fax: (306) 425-4267
Toll-free (information): 1-866-663-4065




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