General Information
| Name of transfer payment program |
Northern Aboriginal Economic Opportunities Program - voted |
| Start date |
April 1, 2014 |
| End date
|
Ongoing |
| Type of transfer payment |
Contribution |
| Type of appropriation |
Annually through Estimates |
| Fiscal year for terms and conditions |
2013-14 |
| Strategic Outcome |
Developed and diversified territorial economies that support prosperity for all Northerners |
| Link to department's Program Alignment Architecture |
Northern Aboriginal Economic Opportunities Program falls under the Agency's program Economic Development with its two programs streams split at the sub-program level:
- Entrepreneurship and Business Development fund under Business Development sub-program 1.1.1; and
- Community Readiness and Opportunities Planning fund under Community Development sub-program 1.1.2.
|
| Description |
Through Northern Aboriginal Economic Opportunities Program, CanNor supports increased participation by Indigenous communities and businesses in the territories in economic opportunities. The Program comprises of two streams:
- Community Readiness and Opportunities Planning fund, which provides project-based support to Indigenous communities and organizations for capacity and readiness activities so that communities are able to plan for, pursue and participate in economic opportunities; and
- Entrepreneurship and Business Development fund, which assists Indigenous entrepreneurs, businesses and organizations in the pursuit of economic opportunities for the benefit of Indigenous people. The stream includes project-based support for activities that facilitate the establishment or expansion of Indigenous businesses.
This transfer payment program may be conditionally or unconditionally repayable. Considerations for repayability are outlined in the Program's Terms and Conditions. |
| Expected results |
Community Readiness and Opportunities Planning aims to:
- enhance the economic development capacity of Indigenous communities; and
- increase economic development by supporting Indigenous communities in their pursuit of, and participation in, economic opportunities.
Entrepreneurship and Business Development aims to:
- increase the number of viable Indigenous businesses and to provide a supportive business environment;
- cultivate a culture of entrepreneurship in the Indigenous community and improve access to economic opportunities;
- establish, expand and diversify the network of Indigenous financial and business development organizations;
- enhance access to capital for Indigenous businesses;
- improve the capacity of Indigenous financial and business development organization; and
- increase Indigenous participation in economic benefits from resource development.
Performance Measures and Indicators
- increased northern business activity: percentage of Northern and Indigenous (individual or community owned) businesses supported by the Agency still operating after three years
- economically sustainable northern communities: increase in business investments relative to Indigenous economic development community planning investments
|
| Fiscal year of last completed evaluation |
Not applicable – new program. |
| Decision following the results of last evaluation |
Not applicable |
| Fiscal year of planned completion of next evaluation |
2018-19 |
| General targeted recipient groups |
Indigenous communities, organizations, and businesses in the territories. |
| Initiatives to engage applicants and recipients |
Northern engagements and consultations were held in the territories during program development. CanNor continues to collaborate with Indigenous financial institutions, community economic development organizations and other Indigenous partners and stakeholders on program implementation. |