The Waubetek Business Development Corporation on Manitoulin Island will develop a fishing strategy for 27 First Nations across Northeastern Ontario after receiving funding from FedNor.
The Whitefish River-based organization received $44,306 from the funding agency on March 18 and will use the funds to enhance First Nations involvement in commercial fisheries, aquaculture, fish processing, and related industries through a fisheries strategy.
“Today's announcement demonstrates the government of Canada's commitment to work with First Nations to build a strong economy in Northern Ontario,” said Tony Clement, minister responsible for FedNor, in a news release. “By supporting this strategy, we are helping to increase the capacity of existing Aboriginal businesses, which will result in greater economic benefit for First Nation communities.”
The long-term strategic plan for fisheries will outline steps to enhance business capabilities and identify new business ventures, as well as value-added opportunities, according to the release.
“With this FedNor support, we will consult community members to develop business and employment opportunities in fishery-based industries,” Waubetek chair Martin Bayer said in the release. “This comprehensive strategy will help us to lay the groundwork for strategic alliances, opening doors to markets.”
Funding for the project was flowed through the Northern Ontario Development Program, which funds projects focused on economic development, business growth, and innovation.
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