Community Opportunity Readiness Program (CORP) Regional Process
Program Category:
Built Environment, Community Infrastructure
Program Sub-Category:
Economic Development
Status: Open
Funder
Indigenous Services Canada (ISC)
Funder Organization Type
- Federal Government
The Community Opportunity Readiness Program (CORP) provides project-based funding to First Nation and Inuit communities for a range of activities to support communities’ pursuit of economic opportunities and leverage private sector resources necessary to realize the full potential of these opportunities. Where First Nation and Inuit communities, or their representative organizations, identify opportunities and lack the financial resources to pursue them, CORP provides communities an opportunity to submit proposals to obtain additional funding.
The CORP Regional Process is designed to support proposals requesting up to $250,000. Projects requesting over $250,000 are ranked and reviewed through the national CORP Prioritization Framework Process, which is designed to support projects with the most optimal economic opportunities.
CORP Regional Process
• An annual call out letter for applications. The applications are reviewed in compliance with the National CORP Guidelines and ranked on a regional project ranking scale.
Eligible Community
"Eligible recipients" are:
- First Nation and Inuit communities and their governments, including Tribal Councils;
- Organizations and associations controlled by First Nation and Inuit communities, except for those with charitable or religious purposes;
- Non-Aboriginal organizations and associations, except for those with charitable or religious purposes, who plan to provide economic development services for the benefit of First Nation and Inuit communities;
- The Province of Ontario, in relation to the Canada-Ontario Resource Development Agreement; and,
- The Minister may, in exceptional circumstances, make contributions with respect to Aboriginal Business Development to other recipients for projects having a significant impact on First Nation and Inuit Business Development.
Type of Funding
- Grant
Description of Funding
Funding is up to $250,000.
CORP Annual Regional Budget:
- Approximately $2.8 million
Annual CORP Prioritization Framework Budget:
- Budget 2023 proposes to invest $5 in new funding over the next fiscal year to support Indigenous entrepreneurs and economic development. This investment, through the Community Opportunity Readiness Program, will help First Nations and Inuit communities build business plans, and provide funding to expand existing Indigenous-led businesses, and launch new Indigenous-led start-ups.