Today, Minister Jeff Wharton announced that the Manitoba government is re-opening the Communities Economic Development Fund (CEDF) Business Loan Program to support northern economic development.
The CEDF Business Loan Program provides repayable loans for high-impact economic development opportunities where traditional funding may not be available. The loans of up to $2 million are available to business entities in northern Manitoba, Indigenous entities or partnerships that promote or enhance Indigenous economic development outside the city of Winnipeg.
Eligible projects include:
- Natural resource initiatives such as mining, forestry, and commercial fishing.
- First Nations partnerships
- Strategic infrastructure
Applicants must present business plans that demonstrate the strategic benefit of the project for the community, province, or northern Manitoba, including local employment impacts.
For more information about this press release, please visit https://news.gov.mb.ca/news/index.html?item=58981&posted=2023-04-21 or if you are interested in applying to the Business Loan Program, visit https://cedf.mb.ca/business-loans/