Ontario launches Aboriginal economic development fund.
The province has launched the $25-million Aboriginal Economic Development Fund, which will fund business, employment and training opportunities for First Nation, Metis and Inuit businesses.
A three-year initiative, the fund has the following goals:
* Help Aboriginal communities develop long-term strategies to diversify their economies.
* Improve community capacity for economic development.
* Provide access to financing to start and expand Aboriginal businesses.
* Enable communities to collaborate on region-wide employment and skills training projects.
The AEDF was introduced in the 2014 Budget as part of Ontario's Jobs and Prosperity Fund and is a part of Ontario's Treaty Strategy.
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