Our History
The fund was established on April 4, 1990 by an agreement between Dofasco Inc., Northern Ontario Heritage Fund Corp. and the Temiskaming Development Fund Corp.
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It was designed as an incentive loan program established in response to the $4 million donation from Dofasco and Cliffs of Canada toward financial incentives for business diversification and growth in the Temiskaming area to mitigate job losses as a result of the closure of the Sherman and Adams mines.
Goals
Our primary goal is to promote economic growth within Temiskaming. Temfund is registered as a non-profit Ontario corporation without share capital.
How I Do It
Temfund will consider providing loans to Temiskaming companies and entrepreneurs whose businesses fall under our mandate.
What's in It for You
A more streamlined and efficient application and approval process. Credit decisions are made locally, enabling quicker responses and more flexible terms regarding extenuating circumstances in certain fluctuating economic conditions.