Title:
Community Futures RRRF Delivery
Agreement Number:
2021-CN-000459
Agreement Value:
$3,933,334.00
Agreement Date:
Apr 1, 2020 - Mar 31, 2021
Description:
The purpose of this Project is to address the COVID-19 impacts on rural and remote communities in Yukon, contributing to their short-term stability and readiness for economic recovery. Specifically, this Funding will make available additional investment capital to the Yukon Government to focus on the following two objectives:
1) increasing the capacity of SMEs and Social Enterprises within Yukon, particularly in remote communities, to mitigate challenges related to COVID-19 through liquidity supports; and
2) providing ongoing support for the survival of SMEs and Social Enterprises within Yukon affected by COVID-19.
Organization:
Canadian Northern Economic Development Agency
Expected Results:
The Recipient shall create, capitalize and manage a Regional Relief and Recovery Fund Pool from which it will make repayable loans to eligible SMEs and Social Enterprises in need of working capital or technical aid related to COVID-19. Priority will be given by the Recipient to SMEs and Social Enterprises that are unable to access other federal relief measures available under Canada’s COVID-19 Economic Response Plan or unable to obtain a loan/credit from traditional financial institutions, and are struggling with working capital needs or technical aid as a result of COVID-19.
Location:
WHITEHORSE, Yukon, CA Y1A 2C6
Reference Number:
2021-CN-000459
Agreement Type:
Contribution
Report Type:
Grants and Contributions
Recipient Type:
Government
Recipient's Operating Name:
8134 - GOVERNMENT OF YUKON
Recipient's Legal Name:
8134 - GOVERNMENT OF YUKON
Federal Riding Name:
Yukon
Federal Riding Number:
60001
Program:
Regional Relief and Recovery Fund
Program Purpose:
The Fund provides targeted relief and stabilization support in key sectors including, but not limited to, tourism, fisheries, the mining supply chain, local food production and processing, regional innovation ecosystems and community infrastructure, as well as support to Community Futures Networks in Nunavut and Northwest Territories and relevant stakeholders in Yukon.