Ottawa, January 30, 2019 – The Assemblée de la francophonie de l’Ontario (AFO) is proud to announce the launch of Effet multiplicateur (Multiplier Effect), a new program offering non-refundable financial assistance provided by the Federal Economic Development Agency for Southern Ontario (FEDDEV). This $1.2 million, three-year program targets the capacity for economic development within Franco-Ontarian businesses and organizations in eastern, central and southwestern Ontario. Non-refundable grants varying from $2,500 to $25,000 per year will be awarded to eligible businesses and community organizations.
The program’s long term goal is to create or maintain jobs and to carry out more community and economic projects. “Reinforcing partnerships and establishing new collaborations promotes growth within Ontario’s Francophone community,” says Carol Jolin, president of the AFO. “This program offers a marvelous opportunity to encourage innovation, entrepreneurship and collaboration in Franco-Ontarian businesses and organizations. It’s great news for Ontario’s French-speaking population.”
Ottawa-Vanier Member of Parliament Mona Fortier agrees: “This funding will foster economic growth here in Ottawa and throughout Ontario by responding to the unique needs of Francophone communities. This project will foster economic development and diversification, attracting investors and creating good well-paying middle class jobs.”
The funds provided by the federal government aim to stimulate the economic potential of Ontario’s Francophone community. In New-Brunswick, for example, a Conference Board of Canada study estimates that bilingualism generates $1.4 billion in export revenues. Ontario has three times as many Francophones and could bolster its economy by leveraging the potential of its 744,000 French-speaking citizens. “Mobilizing Ontario’s Francophone advantage means ensuring Ontario’s economic development,” said AFO president Carol Jolin.
The AFO offers resources, such as an application guide and webinars, to help interested businesses and organizations submit a request for funding. To find out more about the Effet multiplicateur program or to submit an application, visit the website monassemblee.ca.