Program directory · Federal Economic Development Agency for Northern Ontario
Business Development
- Program code
- BYL01 (FEDNO)
- Core responsibility
- Economic Development in Northern Ontario
- In Departmental Plans
- 2022-23 – 2026-27 · New since an earlier plan
What it does
This program promotes growth and expansion of small- and medium sized enterprises in Northern Ontario. This includes direct-to businesses support provided under the Community Futures Transfer Payment Program.
Source: the department's Program Inventory, via GC InfoBase.
History and lineage
First appears in GC InfoBase's actual spending by program in 2021-22. The data does not record when a program was created; it may be older than its first appearance here, which is limited by the sources (program spending starts in 2010-11, Departmental Plans in 2018-19).
| Program | Relation | Years with data | Actual spending over those years |
|---|---|---|---|
| Business Development | This program | 2021-22 – 2028-29 | $193M |
No earlier or later program in the same department has a similar name.
Significant changes in scope and budget
Detected from the data: renames between plans, programs it appears to replace, merge with or split into (matched by name), year-over-year changes in spending of at least 25% and $5M, or in employees of at least 20% and 25 FTEs, linked budget measures, and results indicators added or dropped.
| Year | What changed | Source |
|---|---|---|
| 2022-23 | Spending $72.4M, against $57.3M in 2021-22 (+26%). | Actual spending (GC InfoBase) |
| 2023-24 | Employees (FTEs) 35, against 0 in 2022-23 (—). | FTEs (GC InfoBase) |
| 2023-24 | Spending $35.8M, against $72.4M in 2022-23 (−51%). | Actual spending (GC InfoBase) |
| 2026-27 | Indicators added: Amount of additional support from external sources per dollar invested by FedNor in business development projects | Departmental Results Framework (GC InfoBase) |
| 2026-27 | Indicators dropped: Leverage effect per dollar invested by FedNor in business development projects | Departmental Results Framework (GC InfoBase) |
| 2026-27 | Planned spending $10.6M, against $25.2M in 2025-26 (−58%). | Latest Departmental Plan |
Success criteria
The program's indicators from its department's Departmental Results Framework: the target set in each year's plan, and the result reported the following year. Source: GC InfoBase.
Historical: targets against results
Bars: result reported. Dashed line: target.
| Report year | Target | Due | Result | Status |
|---|---|---|---|---|
| 2022-23 | ≥ $2 | 2023 | $2 | Met |
| 2023-24 | ≥ $2 | 2024 | $1 The following factors contributed to the leverage result: 1) Under the Community Futures Program (CFP), in some cases, we saw fewer partnerships in loan deals, where traditional lenders are providing all of the required financial assistance. In other cases, the CFP is often the only lending mechanism available to businesses in rural and remote regions, requiring Community Futures Development Corp… | Not met |
| 2024-25 | ≥ $2 | 2025 | $2 The following factors contributed to the leverage result: 1) Under the Northern Ontario Development Program there were several projects with not-for-profit organizations that provide services to businesses and host major networking or tradeshow events to assist with growth and/or the development of a particular sector or group (e.g. Agri-food, Mining, Indigenous entrepreneurs) leading to lower le… | Not met |
Current: the 2026-27 plan's targets
Bars: result reported. Dashed line: target.
| Report year | Target | Due | Result | Status |
|---|---|---|---|---|
| 2026-27 | ≥ $2 | 2027 | — | Planned |
Future goals: targets due after 2026-27
No targets with a later due date.
Spending and employees: planned against actual
Spending
Show the numbers
| Fiscal year | Planned | Actual |
|---|---|---|
| 2021-22 | — | $57.3M |
| 2022-23 | $0 | $72.4M |
| 2023-24 | $37.2M | $35.8M |
| 2024-25 | $24M | $27.7M |
| 2025-26 | $25.2M | — |
| 2026-27 | $10.6M | — |
| 2027-28 | $10.5M* | — |
| 2028-29 | $10.4M* | — |
Employees (FTEs)
Show the numbers
| Fiscal year | Planned | Actual |
|---|---|---|
| 2022-23 | 0 | 0 |
| 2023-24 | 50 | 35 |
| 2024-25 | 38 | 31 |
| 2025-26 | 30 | — |
| 2026-27 | 15 | — |
| 2027-28 | 16* | — |
| 2028-29 | 15* | — |
Planned spending, plan by plan
Each row is one year's Departmental Plan and its forecast for the next three fiscal years; read a column down to see how the forecast for one year changed. The last row is what was actually spent. Click an amount for its source. Biggest changes in federal spending plans
| Plan | 2022-23 | 2023-24 | 2024-25 | 2025-26 | 2026-27 | 2027-28 | 2028-29 |
|---|---|---|---|---|---|---|---|
| 2022-23 plan | $0 | $0 | $0 | ||||
| 2023-24 plan | $37,225,333 | $19,534,288 | $21,449,338 | ||||
| 2024-25 plan | $23,985,451 | $26,006,699 | $25,305,781 | ||||
| 2025-26 plan | $25,231,045 | $22,475,813 | $22,469,142 | ||||
| 2026-27 plan | $10,617,446 | $10,531,126 | $10,447,860 | ||||
| Actual | $72,385,334 | $35,784,906 | $27,704,580 |
Actual spending is from Departmental Results Reports and the Public Accounts, as published in GC InfoBase. FTEs are full-time equivalents.
