NEWS
July 23, 2020
Ontario Supports Indigenous Businesses During COVID-19
Ontario Together Fund Investment will Help Deliver Online Tools and Supports to Entrepreneurs and Business Owners
TORONTO — The Ontario government is providing the Canadian Council for Aboriginal Business (CCAB) with $110,000 from the Ontario Together Fund to deliver online tools and resources that will support Indigenous businesses as the province implements its made-in-Ontario plan for renewal, growth, and economic recovery.
“We are actively working with businesses to understand the unique challenges they face due to COVID-19,” said Vic Fedeli, Minister of Economic Development, Job Creation and Trade. “By partnering with the Canadian Council for Aboriginal Businesses, we are providing Indigenous businesses access to valuable information, training and programming that will help them recover safely and quickly.”
CCAB is a not-for-profit organization that works to strengthen and enhance a prosperous Indigenous economy across Ontario and supports almost 500 Indigenous and non-Indigenous business members province-wide. The funding provided through the Ontario Together Fund will help the CCAB:
- Produce a data-driven report to assess the effects of COVID-19 within the Indigenous business community.
- Enhance CCAB’s online resource platform, Tools and Financing for Aboriginal Businesses, that provides practical guides, training, networks, and a forum to connect and share best practices.
“Our government acknowledges the unique challenges and obstacles Indigenous businesses face and we are working together to ensure Indigenous businesses and entrepreneurs are supported during this difficult time,” said Greg Rickford, Minister of Indigenous Affairs. “Building on our longstanding partnership with the Canadian Council for Aboriginal Business, we are proud to provide this critical funding to ensure the Indigenous business community has access to the support they need to recover and grow.”
The impact of COVID-19 on businesses varies in sectors and communities across the province. Through gathering accurate information to assess the effects of COVID-19 within the Indigenous business community, tailored online tools will help these businesses adapt during the safe and gradual reopening of the province.
QUICK FACTS
- Ontario Together web portal to help businesses retool their operations to produce PPE and develop technology-driven solutions and services for businesses to reopen safely.
- In June, the province announced $10 million in capital support, available through Aboriginal Financial Institutions, to provide Indigenous businesses access to loans of up to $50,000.
- The province announced a $150 million investment to help deliver improved broadband and cellular access to communities across the province where there is a need for better service. Telecommunications service providers, Indigenous communities, municipalities, and not-for-profits are invited to submit their applications for the Improving Connectivity for Ontario program.
ADDITIONAL RESOURCES
Learn more about Stage 3 of reopening Ontario
See how your organization can help fight COVID-19
Information and advice to help your business navigate the economy during COVID-19
-30-
MEDIA CONTACTS Robert Gibson
Minister Fedeli’s Office
robert.m.gibson@ontario.ca
Kwok Wong
Communications Branch
kwok.wong@ontario.ca
647-504-2774
ontario.ca/economy-news Disponible en français