TEMISKAMING DEVELOPMENT FUND COR

Projects which DO NOT qualify include:

retail or service sector and non-profit/charitable organizations unless significant regional economic benefit is proven
Municipal infrastructure

Temfund is an aggressive, yet selective lender to new and existing businesses in the Resource and Industrial sector within the provincial electoral boundaries of the District of Temiskaming. The primary goal is to promote economic growth within Temiskaming. Temfund's mandate is to provide assistance to project proponents who preferably have the capacity and initiative to:

create new jobs for Temiskaming residents
enhance opportunities for Temiskaming's labour force to remain in our area
offer niche service or product which displaces imports to Temiskaming
provide value added and export potential

ELIGIBILITY GUIDELINES

Temfund will consider providing repayable loans to private sector companies, with preference given to projects which provide:

a demonstrated regional economic benefit
import replacement opportunities
strategic partnership linkages

Temfund will not assist companies in cases which would provide unfair competitive advantage to other similar existing companies within the area.