NOHFC presentation by John Guerard

2021 FONOM Conference hosted by the City of Timmins, held on Tuesday, May 18th, 2021.

The Northern Ontario Heritage Fund Corporation (NOHFC) was established in 1988 with a mandate to promote and stimulate economic development initiatives in Northern Ontario by providing financial assistance to projects that stabilize, diversify and foster economic growth in the region.

The NOHFC is an operational service agency established under the enabling legislation of the Northern Ontario Heritage Fund Act. The NOHFC has an appointed Board of Directors, chaired by the Ministry of Energy, Northern Development and Mines. NOHFC’s objectives are set out in the Northern Ontario Heritage Fund Act as follows:

to advise and make recommendations to the Lieutenant Governor in Council on any matter relating to the growth and diversification of the economy of Northern Ontario;
to promote and stimulate economic initiatives in Northern Ontario; and
to commission studies and enter into contracts in connection with the objects set out in clauses (a) and (b) above.
The NOHFC provides economic development funding toward approved projects in the territorial districts of Northern Ontario, namely Algoma, Cochrane, Kenora, Manitoulin, Nipissing, Parry Sound, Rainy River, Sudbury, Thunder Bay and Timiskaming.