Notice
This website will change as a result of the dissolution of Indigenous and Northern Affairs Canada. Consult the new Crown-Indigenous Relations and Northern Affairs Canada home page or the new Indigenous Services Canada home page.
This website will change as a result of the dissolution of Indigenous and Northern Affairs Canada. Consult the new Crown-Indigenous Relations and Northern Affairs Canada home page or the new Indigenous Services Canada home page.
Effective: April 1, 2014
The Community Opportunities Readiness Program (CORP) provides project-based funding for First Nation and Inuit Communities for a range of activities to support communities' pursuit of economic opportunities. Where First Nation and Inuit communities, or their representative organizations, identify opportunities and lack the financial resources to pursue them, the CORP will allow them to submit proposals to seek additional funding.
The CORP is expected to increase economic development by providing proposal based financial support to First Nation and Inuit Communities to assist in their pursuit of, and participation in, economic opportunities. Aboriginal Affairs and Northern Development Canada (AANDC) assesses proposals based on their immediate or future ability to attract private sector funding and on their community economic impacts, and supports projects that will leverage the most from other funding sources, including the private sector, and that will have the greatest impact on their community.
The expected results of the CORP align with the long-term objective of which is for First Nation and Inuit communities to implement economic and business development opportunities, while leveraging private sector funding and opportunities.
"Eligible recipients" are:
Any non-aboriginal organization or association seeking financial assistance under the CORP will require approval from the National Aboriginal Economic Development Board (NAEBD), prior to AANDC project approval.
Eligible initiatives under the CORP include:
For CORP proposals seeking financial support for planning or advisory services (soft costs) for a community-owned business, such as business plans, feasibility studies, engineering/architectural designs, marketing or product development strategies, legal costs, environmental costs, etc., the applicant should submit their CORP proposal to AANDC. However, since Aboriginal Financial Institutions (AFI) have the authority to receive and fund community proposals up to $250,000, the applicant community has the flexibility to submit their application to an AFI. In either case, the AANDC regional office should be made aware of all community business development proposals, especially those that will lead to an application for the capitalization of a community business, and for which a proposal seeking more than $250,000 will ultimately be submitted to an AANDC regional office.
For capital costs related to the start-up, acquisition or expansion or a community business, if the amount of financial support requested is greater than $250,000, First Nation and Inuit communities are expected to submit their proposal to their AANDC regional office. If the amount requested is below $250,000, communities will be required to submit their applications to the AFI serving their respective territory. For a list of AFIs, please refer to the list below.
Eligible Projects | Where to apply | Maximum Funding ($) | Maximum Funding (%) | Examples (not limited to) |
---|---|---|---|---|
Economic Opportunities | CORP | $3,000,000 | 80% |
|
Community Economic Infrastructure | CORP | $3,000,000 | 66.67% |
|
Equity Gap | > 250k, CORP < 250k, AFI |
$1,000,000 | 30% (acquisitions expansions) 40% (start-ups) |
|
Business Planning and Advisory Services | CORP / AFI | $250,000 | 80% |
|
"Eligible expenditures" in relation to "eligible projects" include:
Ineligible expenditures include:
Application requirements include, but are not limited to the following project information:
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, AANDC will indicate whether the project meets program criteria, and will advise the applicant on the development of the full application.
Project assessments will be based on the following criteria:
Project approvals will be based on the following criteria:
Assistance will be commensurate with assessment of the risk involved, the resources of the recipient, and the benefit to the First Nation and Inuit community. Assistance will generally be determined on the basis that the amount and level of funding are the minimum required to ensure that the project can proceed. Assistance will be provided only to those initiatives that, in the opinion of the Minister, would not otherwise proceed in the proposed location, proposed scope, or proposed time without such assistance.
AANDC will determine funding levels for approved eligible projects using the following criteria:
Funding limits are per project, not per recipient. 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 per cent of eligible costs.
Recipients will be requested to submit data, schedules, plans, and reports in sufficient detail to enable AANDC to:
A monitoring plan will be developed for each project. The purpose of the monitoring plan will be to provide periodic information regarding the progress of the initiative against the milestones proposed in the application and to identify unanticipated risks or impediments to achieving intended results. The proposed level of monitoring will correspond to the level of risk associated with the project.
Reporting requirements will be determined by AANDC for each project or initiative. Progress and financial reports will be required at a minimum on an annual basis by recipients. Recipients will also be required to submit a final report at the conclusion of a project, in accordance with the terms of the funding arrangements. In addition to year (or project) end reporting, proponents may be required to report on performance indicators (e.g. job creation, government revenues, etc.) for specific projects funded in previous years via their annual Community Profile Report (Section D).
Sarah Hechavarria
1505 Barrington Street, 5th Floor
Halifax NS B3J 3K5
Telephone: (902) 426-0656
Fax: (902) 426-0665
Stéphane Greffard
320 St-Joseph St East Room 400,
Place Jacques Cartier Complex
Quebec Quebec G1K 9J2
Telephone: (418) 951-2281
Fax: (418) 648-3930
Chad Aramburo
25 St. Clair Avenue East, 8th Floor
Toronto, ON M4T 1M2
Telephone: (416) 973-6214
Fax: (416) 954-3189
Dustin Remillard
365 Hargrave Street, Suite 200
Winnipeg, MB R3B 3A3,
Telephone: (204) 984-3502
Fax: (204) 983-2936
Tara Acoose
1827 Albert Avenue
Regina SK
S4P 2S9
Telephone: (306) 502-3964
Fax: (306) 780-6128
Email: aadnc.skecdev.aandc@canada.ca
Derek Green
630 Canada Place
9700 Jasper Avenue
Edmonton, AB T5J 4G2
Telephone: (780) 495-2787
Fax: (780) 495-4088
Tracy Dunsford
1138 Melville St, Suite 600
Vancouver, BC V6E 4S3
Telephone: (604) 666-5097
Fax: (604) 775-7149
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.
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)
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)
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 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)
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)
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