Investing in Regional Diversification (IRD)
What is Investing in Regional Diversification (IRD)?
The Investing in Regional Diversification (IRD) initiative supports the long-term development of stronger, more diverse economies in southern Ontario communities. IRD leverages unique regional assets and local expertise to attract new investment and opportunities for economic growth and development.
The initiative brings not-for-profit organizations and private sector/community partners together to build on economic strengths, respond to challenges, and develop ways to create competitive and resilient communities.
Who can apply?
IRD is open to incorporated not-for-profit organizations located in southern Ontario whose mandate includes economic development. To be considered, applicants must be working with private sector and other community stakeholders on projects that address capacity building or on-the-ground efforts to support the local economy, leading to enhanced opportunities for growth.
How is IRD delivered?
IRD is delivered by the Federal Economic Development Agency for Southern Ontario (FedDev Ontario). The Agency was launched in 2009 to work with the region's communities, businesses and not-for-profit organizations to actively promote the region and build a strong foundation of partnerships and relationships to secure Canada's long-term prosperity. Today, the Agency continues to deliver programs aimed at strengthening the economy and positioning the region to compete globally by helping create and grow businesses, cultivating partnerships and building strong communities.
Contact FedDev Ontario for more information.
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