(CPAC)

By David Opinko (Lethbridge News Now)

PM SPEAKS SATURDAY MORNING

$306 million announced to support Indigenous businesses

Apr 18, 2020 | 10:53 AM

The Government of Canada has announced a new fund to support businesses owned by Indigenous communities.

Prime Minister Justin Trudeau says $306 million is being invested to allow companies to access short-term interest-free loans and non-repayable contributions.

Funding will be provided through Aboriginal financial institutions and administered by the National Aboriginal Capital Corporations Association.

Trudeau says this will allow many entrepreneurs to survive through the COVID-19 pandemic and recover once the pandemic is all over.

“Today’s investment will help thousands of businesses bridge to better times, including many that are owned and run by Indigenous women.”

Icy Roads

RCMP says travel not recommended on QEII north of Red Deer

Dec 21, 2024

University Magazine

RDP ranked 17th among top culinary schools in Canada

Dec 21, 2024

JANUARY 21 ONLY

Ponoka starting Christmas tree pick up in January

Dec 20, 2024

“These businesses employ people right across the country in small communities and big cities alike. They create good jobs in a whole range of sectors, so when we support them, we are supporting families and workers too.”

He reiterated also that there is access for many to already-existing support programs such as the Canada Emergency Business Account, Employer Wage Subsidy, and the Canada Emergency Response Benefit.

“We’re focused on helping you,” he said.

Added Marc Miller, Minister of Indigenous Services: “Some Indigenous businesses who are already facing unique challenges, including being in rural or remote locations and having less access to capital, are disproportionately affected by this unprecedented situation. The support provided will allow for maximum flexibility in supporting local businesses, whether they be entrepreneurships, cooperative businesses, or any of the many industries across Canada to continue contributing to their communities.”

The Prime Minister promised that more supports for Indigenous businesses will be announced soon.

Trudeau’s Saturday morning announcement (not including media questions) can be viewed below.