Prosperity for the North OFNEDA Conference February 8-10, 2010 Thunder Bay, ON

Background The Corporation was established on June 1, 1988 with $30 million per year, for 12 years. NOHFC current annual budget is $90 million. The mandate of NOHFC is to partner with northerners to create jobs and strengthen the northern economy. Together with its northern partners, the NOHFC is exploring new innovations in emerging technologies mobilizing motivated entrepreneurs providing exciting career opportunities for northern youth forging strong private and public sector partnerships enhancing the vital infrastructure that makes Northern Ontario a vibrant place to live and work encouraging innovative solutions to alternative renewable energy generation

NOHFC Priority Themes and Programs Growing Jobs Youth Community Development Energy Emerging Technologies & Telecommunications Enterprises North Job Creation Program Entrepreneur Program Youth Internship and Co-op Program Young Entrepreneur Program Infrastructure and Community Development Emerging Technology Program Northern Energy Program Programs Themes

Enterprises North Job Creation New and existing enterprises that will create jobs in Northern Ontario Capital construction costs, leasehold improvements, purchase of new or used equipment/machinery, staff training, marketing, land servicing and intellectual capital that results in job creation in Northern Ontario. Assistance to any one project generally will not exceed 50 % of eligible capital costs up to $1 million. Up to one-half of NOHFC funding may be in the form of a conditional contribution with the remainder in the form of a repayable loan. NOHFC Funding Types of Assistance What is Eligible Who is Eligible

Northern Ontario Entrepreneur Program Capital costs related to starting a new business and marketing costs totalling up to 20% eligible project costs. Conditional contributions Assistance generally will not exceed 50% of eligible costs up to $125,000. Residents of Northern Ontario who are plan to start their own for-profit business in the North. NOHFC Funding Types of Assistance What is Eligible Who is Eligible

Northern Ontario Young Entrepreneur Program Capital costs related to starting a new business such as office furniture, fixtures and equipment. Conditional contributions Assistance generally will not exceed 85% of eligible costs up to $25,000. Residents of Northern Ontario 18 to 29 years old (inclusive) who are planning on starting their own business in the North. NOHFC Funding Types of Assistance What is Eligible Who is Eligible

Emerging Technology Program Information and communications technology Infrastructure High speed Internet expansion projects Cellular expansion projects Centres of excellence Film and development production Value added products Biotechnology and life sciences projects This program has both public and private sector components. What is Eligible Who is Eligible

Emerging Technology Program (continued) Public sector component provides for conditional contributions, forgivable performance loans and repayable loans. The private sector component is a combination of conditional contributions and repayable loans . Public Sector Emerging Technology Generally, up to 50% for capital projects in the form of conditional contributions, forgivable performance loans and repayable loans normally not to exceed $1 million. Private Sector Emerging Technology Generally, up to 50% for capital projects normally not to exceed $1 million. May provide up to $100,000 non-repayable contributions for research and developmental technical projects. NOHFC Funding Types of Assistance

Northern Ontario Youth Internship and Co-op Program Co-op placements and internships Health Care Social Services Value Added Manufacturing Telecommunications Bio-technologies Environmental sciences Other activities that will result in an economic development advantage for Northern Ontario A wide range of both private sector and public sector employers located in Northern Ontario. What is Eligible Who is Eligible

Northern Ontario Youth Internship and Co-op Program (continued) Conditional contributions Co-op Placements Generally will not exceed 50% of a wage subsidy to a maximum of $6.00 per hour to hire post-secondary students from Northern Ontario. Internships Generally will not exceed 50% to a maximum of $27,500 annually for private sector employers 90 per cent to a maximum of $27,500 annually for public sector employers to hire recent college and university graduates from Northern Ontario. NOHFC Funding Types of Assistance

Northern Energy Program Renewable energy planning, renewable energy capital cost differential assistance, new internal generation projects and energy conservation pilot projects. Businesses and non-profit organizations. Forgivable performance loans or conditional contributions. Types of Assistance What is Eligible Who is Eligible Renewable Energy Planning Generally will not exceed 50% of eligible costs up to a maximum of $100,000. New Internal Energy Generation Projects Generally will not exceed 50% of eligible costs up to a maximum of $250,000. NOHFC Funding

Infrastructure and Community Development Program Municipalities, First Nations, not-for-profit corporations and educational institutions may apply individually or in partnership with businesses and other government related agencies. This program will assist in the provision of essential and strategic community infrastructure necessary for the creation of jobs in Northern Ontario. Conditional contributions, forgivable performance loans and repayable loans. Infrastructure Projects Generally not to exceed 50% for capital projects up to a maximum of $1 million. Community Development Initiatives Generally not to exceed 50% for community development initiatives up to a maximum of $50,000. NOHFC Funding Types of Assistance What is Eligible Who is Eligible

Application Process for NOHFC Programs NOHFC Executive Director, management and staff review applications based on the NOHFC’s published program guidelines. All applicants receive a written response from the NOHFC. Eligible private sector applications are evaluated by NOHFC’s due diligence provider (Deloitte & Touche). Eligible public sector applications are evaluated by the Ministry of Northern Development, Mines and Forestry. NOHFC Committees review the evaluations and make recommendations to the Board. The NOHFC Board makes the final decision regarding NOHFC approvals.

Northern Ontario Heritage Fund Results Since October 2003 through December 2010 The NOHFC has assisted 3,651 projects. The NOHFC has approved more than $597 million in funding. The NOHFC has leveraged more than $2 billion from other project partners. The NOHFC has helped to create or sustain 14,993 jobs and over 455 co-op positions.

Highlighted Projects 950305 - Nipissing First Nation Fish Processing Facility 910248 - Ready-to-Move Home Manufacturing Facility and Pole Peeling Operation 950044 - Moose Factory Island Small Business & Youth Opportunity Centre 950309 - Neskantaga Community Multi-purpose Centre 920166 - Remote North Western Ontario First Nation Broadband Infrastructure Project 920097 - Temagami First Nation Network Infrastructure Project

950305 - Nipissing First Nation Fish Processing Facility The Nipissing First Nations have established a new federally-regulated fish processing facility. Promote local fisheries and create new business opportunities. Provide locally caught whitefish and walleye to restaurants and businesses in the surrounding area. Improve the collection of fish harvest data to help inform sustainability efforts and prevent overfishing. NOHFC is providing $70,000 to this project under its Infrastructure and Community Development Program.

910248 - Ready-to-Move Home Manufacturing Facility and Pole Peeling Operation Wincrief Forestry Products Limited has bought, renovated and equipped an existing plant in Kenora. Begun manufacturing modular homes for First Nations and other nearby communities and plans to begin manufacturing untreated wood poles for utility companies and log home manufacturers. Creating skills training, employment and economic development opportunities for local First Nations. Half of the plant's 20 current full-time employees are members of the Wabaseemoong Independent Nation communities of One Man Lake, Swan Lake and Whitedog. When fully operational the company expects to have about 40 full-time employees. The province is investing more than $700,000 in this initiative through the NOHFC and the Forest Sector Prosperity Fund. In addition the company has received a $500,000 NOHFC loan through the Enterprises North Job Creation program. Photo credit: www.wincrief.com

950044 - Moose Factory Island Small Business & Youth Opportunity Centre John R. Delaney Small Business and Youth Opportunity Centre will help small business grow and provide space for both on and off-reserve youth to participate in specialized programs and to initiate small business ventures. Moose Cree First Nation expects nearly $3 million in economic spin-offs over a 10-year period as a direct result of construction of the new complex. Building the complex will create about 25 jobs in the community during the construction phase of the project and 10 new positions once the centre begins operating. The complex will have 16 offices to be shared equally by businesses, community organizations and youth entrepreneurship programs and will contain a fitness room and snack bar/lounge The NOHFC has approved investments of $882,000 through its Infrastructure and Community Development program Photo credit: John R. Delaney Small Business and Youth Opportunity Centre

950309 - Neskantaga Community Multi-purpose Centre Neskantaga First Nation celebrated the grand opening of their new Community Multi-Purpose Centre in July 2010. The Neskantaga Community Multi-Purpose Centre was completed inv February of 2010 and is replacing the former recreation centre that burnt down. The new 7,154 square foot centre features a hall with a stage, a fitness room, as well as a boardroom and offices available for rent to outside agencies and companies NOHFC provided $1 million through its Infrastructure and Community Development program Neskantaga First Nation is a remote, fly-in community of 283 on-reserve and 79 off-reserve members situated approximately 155 kilometres north of Pickle Lake. Photo credit: Matawa Messenger August 2010

920166 - Remote North Western Ontario First Nation Broadband Infrastructure Project An estimated $81-million initiative that will bring a state-of-the-art backbone fibre optic network to 26 Nishnawbe Aski Nation (NAN) communities in Ontario's Far North. A collaborative approach with participation from private and public sectors to build a backbone network that will provide these NAN communities with enhanced and more reliable broadband services. New network replaces dated satellite and microwave technology that delivered Internet and other broadband services to these 26 remote communities This new infrastructure will help create network service jobs, improve access to high-speed Internet for all users, open new economic opportunities and enhance quality of life for the region's First Nations. The Initiative consists of five projects to be completed over four years and will span more than 2,300 kilometres when complete. The new network will cover a geographic area of roughly 490,000 square kilometres, equivalent to the surface area of Canada's five smallest provinces and builds on a previous initiative that brought fibre optic technology to Red Lake in 2008.

920097 - Temagami First Nation Network Infrastructure Project The Temagami First Nation purchased additional work stations and installed a virtual network that gives residents and businesses access to video conferencing and virtual classrooms within learning institutions through partners such as Contact North. The network provides improved access to the web that will help to create new opportunities for education, health and economic activities locally. The network is now available to more band training facilities and other buildings. The NOHFC provided $31,500 to this project under its Public Sector Emerging Technology Program. Photo credit: www.temagamifirstnation.ca

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