Description

To take advantage of economic opportunities, an Indigenous community must be ready in a number of ways. They may need start-up funds to undertake pre-development activities. They may need a partner or business leader who understands the involved industry. Or, they may need in-house expertise and management skills.

The Community Opportunity Readiness Program addresses the financial needs of Indigenous communities when they are in pursuit of, and wish to participate in, an economic opportunity. The program is a consolidation of the former community economic opportunities program, the major projects investment fund, and the community-based components of the Indigenous business development program.

By helping communities become equipped to participate in an economic opportunity, Indigenous Services Canada (ISC) can increase the participation of Indigenous people in Canada’s economy overall and improve the prosperity of Indigenous communities and individuals.

Eligibility

  • First Nation and Inuit communities and their governments, including tribal councils
  • Organizations and associations controlled by First Nation and Inuit communities, except those with charitable or religious purposes
  • Non-Indigenous organizations and associations (except those with charitable or religious purposes) that plan to provide economic development services for the benefit of First Nation and Inuit communities
  • The Province of Ontario, as per the Canada-Ontario Resource Development Agreement

In exceptional circumstances, the Minister may also allow Community Opportunity Readiness Program contributions to other recipients for projects which have a significant impact on First Nations or Inuit communities.

How to Apply?

Application requirements include, but are not limited to the following project information:

  • full name, address, phone number and description of the applicant
  • information on the applicant’s financial situation
  • a description of the management and organizational capacity of the applicant
  • a detailed description of the proposed project and description of activities to be undertaken, including:
    • project description
    • project objectives
    • project timelines
    • project scope
    • project deliverables
  • relevant documentation related to any partnership agreements or commitments
  • a cost forecast of the project, including:
    • details of financing from all sources
    • uses of funds
    • identification and justification of costs
    • identification of other sources of funding, including applicant equity, commercial financing and other sources of government funding
  • project organizational structure
  • anticipated economic benefits of the project, including:
    • expected outcomes
    • proposed performance measures to be used at the end of the project to assess community economic benefits
  • where appropriate:
    • compliance with laws and regulations
    • environmental effects and proposed mitigation measures
    • land tenure requirements
    • operating, maintenance and repair plan

The application must be complete and in detail in keeping with the level of funding being sought. Applicants may submit a brief Statement of Intent prior to submitting a full application. After reviewing the Statement of Intent, ISC will indicate whether the project meets program criteria, and will advise the applicant on the development of the full application.

Funding Amount

ISC’s funding levels for approved eligible projects will be based on the following criteria:

·         it will not exceed $3 million for community economic infrastructure proposals.

·         it will not exceed $1 million for business innovation/growth proposals.

·         it will be directly related to the community economic benefits for First Nation and Inuit communities.

·         it not exceed 66.67% of the total eligible project cost for implementing community economic infrastructure projects.

·         it will not exceed 80% of the total eligible project cost for all other projects.

·         it will be limited to the need for funding that has been demonstrated by the eligible recipient.

Potential funding recipients should also note that financial assistance will be commensurate with an assessment of the risk involved, the resources of the recipient, and the benefit to the First Nation and Inuit community. ISC will also generally determine funding on the basis that the amount and level are the minimum required to ensure that the project can proceed. In addition, assistance will only be provided toward initiatives that, in the opinion of the Minister, would not otherwise proceed in the proposed location, proposed scope, or proposed time without such assistance.

The stacking limit maximum level of funding to a recipient from all sources (including federal, provincial/territorial, and/or municipal) for any one activity, initiative, or project is 100% of eligible costs.

Contact Information

Community Opportunity Readiness Program (CORP)

Atlantic

Maritime Centre, 1505 Barrington Street
16th Floor, Suite 1600
Halifax NS B3J 3K5
Telephone: (902) 426-0663
Email: aadnc.developpementeconomique-at-at-economicdevelopment.aandc@canada.ca

Québec

320 St-Joseph St East, Room 400
Place Jacques Cartier Complex
Quebec QC G1K 9J2
Telephone: 1-800-263-5592 option 6
Email: aadnc.qctdeledqc.aandc@canada.ca

Ontario

655 Bay Street, Suite 700
Toronto ON M5G 2K4
Telephone: (647) 920-9516
Email: aadnc.ledontario.aandc@canada.ca

Manitoba

365 Hargrave Street, Suite 200
Winnipeg, MB R3B 3A3
Telephone: (204) 250-1801
Email: aadnc.mbppdeconomicdevelopment.aandc@canada.ca

Saskatchewan

1827 Albert Avenue
Regina SK S4P 2S9
Telephone: (306) 502-3964
Email: aadnc.skecdev.aandc@canada.ca

Alberta

630 Canada Place
9700 Jasper Avenue
Edmonton, AB T5J 4G2
Telephone: (780) 495-2787
Email: aadnc.abecdev.aandc@canada.ca

British Columbia

1138 Melville St, Suite 600
Vancouver, BC V6E 4S3
Telephone: (604) 562-6865
Email: aadnc.bcecdev.aandc@canada.ca

Northern British Columbia

300 Main Street, Room 415C
Whitehorse, YT Y1A 2B5
Telephone: (867) 667-3391
Email: anyes.dimsdale@canada.ca

Aboriginal Financial Institutions

Atlantic

Ulnooweg Development Group Inc.
835 Willow Street
P.O. Box 1259
Truro NS B2N 5N2
Telephone: (902) 893-7379
Fax: (902) 893-0353
Email: info@ulnooweg.ca
Web: Ulnooweg Development Group Inc.

Québec

Tewatohnhi’saktha Business Loan Fund Ltd.
P.O. Box 1110
Kahnawake QC J0L 1B0
Telephone: (450) 638-4280
Fax: (450) 638-3276
Email: Keda@mck.ca

Corporation de développement économique montagnaise (CDEM)
Suite 110
1005 Laure Blvd.
Sept-Îles QC G4R 4S6
Toll-free: 1 800-463-2216
Telephone: (418) 968-1246
Fax: (418) 962-2449
Email: info@cdem.ca

Société de crédit commercial autochtone (SOCCA)
2936, Faune Street
Suite 200
Wendake QC G0A 4V0
Telephone: (418) 842-0972
Fax: (418) 842-8925
Email: administration@socca.qc.ca
Web: Société de crédit commercial autochtone (SOCCA)

Ontario

Waubetek Business Development Corporation
General Delivery
Whitefish River Community Centre
Birch Island ON P0P 1A0
Telephone: (705) 285-4275
Fax: (705) 285-4584
Email: waubetek@waubetek.com
Web: Waubetek Business Development Corporation

Nishnawbe Aski Development Fund (NADF)
106 Centennial Square, 2nd Floor
Thunder Bay ON P7E 1H3
Telephone: (807) 623-5397
Fax: (807) 622-8271
Email: gbuoncore@nadf.com
Web: Nishnawbe Aski Development Fund (NADF)

Manitoba

Louis Riel Capital Corporation (LRCC)
Floor 3, suite 340
150 Henry Avenue
Winnipeg MB R3B 0J7
Telephone: (204) 589-0772
Fax: (204) 589-0791
Email: lrcc@mmf.mb.ca
Web: Louis Riel Capital Corporation (LRCC)

First Peoples Economic Growth Fund (FPEGF)
315 – 260 St. Mary Avenue
Winnipeg, MB R3C 0M6
Telephone: (204) 942-6026
Toll free: 1-888-942-6026
Fax: (204) 942-6441
Email: info@firstpeoplesfund.ca

Saskatchewan

Saskatchewan Indian Equity Foundation Inc. (SIEF)
202A Joseph Okemasis Drive
Saskatoon, SK S7N 1B1
Telephone: (306) 955-8570
Fax: (306) 373-1969
Email: info@sief.sk.ca
Web: Saskatchewan Indian Equity Foundation Inc. (SIEF)

SaskMétis Economic Development Corporation (SMEDCO)
1630 Quebec Avenue
Saskatoon, SK S7K 1V7
Telephone: (306) 477-4350
Fax: (306) 373-2512
Email: smedco@smedco.ca
Web: SaskMétis Economic Development Corporation (SMEDCO)

Alberta

Apeetogosan (Metis) Development Inc. (AMDI)
Suite 302
12308 111 Avenue NW
Edmonton AB T5M 2N4
Toll-free: 1 800-252-7963
Telephone: (780) 452-7951
Fax: (780) 454-5997
Email: office@apeetogosan.ab.ca
Web: Apeetogosan (Metis) Development Inc. (AMDI)

British Columbia

Nuu-chah-nulth Economic Development Corporation (NEDC)
7563 Pacific Rim Highway
Port Alberni BC V9Y 7M2
Telephone: (250) 724-3131
Fax: (250) 724-9967
Email: nedc@nedc.info
Web: Nuu-chah-nulth Economic Development Corporation (NEDC)

Tale’awtxw Aboriginal Capital Corporation (TACC)
Suite 508, 100 Park Royal South
West Vancouver, BC V7T 1A2
Toll Free: 1-800-779-7199
Telephone: (604) 926-5626
Fax: (604) 926-5627
Email: info@tacc.ca
Web: Tale’awtxw Aboriginal Capital Corporation (TACC)

All Nations Development Corporation
520 Chief Eli LaRue Way
Kamloops, BC V2H 1H1
Telephone: (250) 828-9770
Fax: (250) 372-2585
Email: antco@antco.bc.ca
Web: All Nations Development Corporation

Processing Fee

NA

Location/Classification

Canada
Community Services

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