The Aboriginal Economic Development Fund (AEDF) is investing $25 million over three years in Indigenous businesses and communities. The AEDF is a program of the Jobs & Prosperity Fund, a 10-year, $2.5 billion fund that helps Ontario compete to attract new business and form partnerships to secure investments that focus on job-creating innovation, productivity and going global.
A funding stream of the AEDF, the Economic Diversification Grant (‘Stream 2’) is designed to promote economic activity in multiple new and emerging sectors. The Grant promotes the development of economic diversification strategies to help communities broaden their economic base and identify new or emerging areas of economic opportunity. Grants also facilitate the implementation of economic strategies by supporting forward-looking planning that identifies high-potential economic opportunities within a wide range of sectors. Grants also support feasibility studies and project funding for initiatives that contribute to economic diversification as well as employment, business and/or training opportunities.