News & Events

NORDIK INSTITUTE RECEIVES $ 250K FUNDING TO LEAD NORTHERN PARTNERSHIP TO SUPPORT SOCIAL ENTERPRISE GROWTH

Wednesday, May 31, 2017, Sault Ste. Marie, ON – NORDIK Institute, Algoma University’s community based research institute, announced today that they have recently been awarded $ 250,000 to lead a Northern Region Social Enterprise Partnership initiative funded by Ontario’s Ministry of Economic Development and Growth.

Announced by the province last week, Ontario is investing $ 1 million in Regional Social Enterprise Partnerships across Ontario. NORDIK, together with the Northwest Regional Innovation Center in Thunder Bay, the Timmins Economic Development Corporation’s Business Enterprise Center, YouLaunch with the Sault Ste. Marie Innovation Center in Sault Ste. Marie and PARO Center for Women’s Enterprise in Thunder Bay will partner to support social enterprise development in Northern Ontario.

“Through this project, we will demonstrate that social enterprises are a viable opportunity to expand the Northern economy,” says Dr. Gayle Broad, Director of NORDIK. “Not only will it assist in overcoming challenges to launching and / or expanding Social Enterprises but it will also address providing culturally appropriate services. Many communities and economic development services are looking for more resources to assist them in better serving social enterprises and entrepreneurs, and this program is designed to do that. ”

Social Enterprises engage citizens and spark change through developing innovative ideas and employment opportunities while meeting communities’ social, cultural and environmental needs. Social enterprises differ from other small businesses in that they use the “triple bottom line” (People, Planet, Profit) to assess their success and their governance structure often reflects community and / or collective control, eg, cooperatives, non-profits.

“As a partner in the Northern Region Social Enterprise Partnership, we are excited to continue to help pave the way for Social Enterprises in Northern Ontario,” says Maggie Matear, Director, Community Economic Development of the Timmins Economic Development Corporation. Through this regionally-tailored approach, we are able to ensure the unique environment of Northern Ontario is adequately covered in scaling-up and growing Social Enterprise. ”

The Northern Region Social Enterprise Partnership project catchment area stretches throughout Northern Ontario from Parry Sound to the Manitoba border and all areas in between.

NORDIK is Algoma University’s community based research institute whose goal is to build Northern Ontario’s capacity to conduct research that contributes to social, economic and environmental justice in rural, Indigenous and northern communities and provides evidence for informed policy and decision making.

For more information about NORDIK Institute or

the Northern Region Social Enterprise Partnership, please contact:

Erika Luoma, Communications Coordinator, 705-949-2301, ext. 4393 or visit  www.nordikinstitute.com .

Available in French

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Media Contacts:  Dr. Gayle Broad , Director, NORDIK Institute, 705-949-2301 , ext. 4351

Erika Luoma , Communications Coordinator, 705-949-2301 , ext. 4393

Provincial Backgrounder:

https://news.ontario.ca/medg/en/2017/05/helping-social-enterprises-scale-up.html
https://www.ontario.ca/page/one-social-enterprise-partnerships

Press release

For immediate publication

NORDIK INSTITUT RECEIVES $ 250,000 IN FUNDING TO LEAD NORTHERN PARTNERSHIP TO SUPPORT SOCIAL ENTERPRISE GROWTH

On Wednesday, May 31, 2017, Sault Ste. Marie, ON – NORDIK Institute, a community-based research institute at Algoma University, today announced that they have recently received $ 250,000 to lead a North Region Partnerships for Social Entrepreneurship funded by the Department of Economic Development and growth.

Announced by the province last week, Ontario is investing $ 1 million in social enterprise partnerships across Ontario. NORDIK, as well as the Regional Innovation Center in the Nor-West region in Thunder Bay, the Timmins Business Center Economic Development Corporation, YOULAUNCH at the Sault Ste. Marie and the PARO Center for Women’s Enterprise in Thunder Bay are teaming up to support social enterprise development in Northern Ontario.

“Through this project, we will demonstrate that social enterprises are a viable opportunity to develop the economy of the North,” says Dr Gayle Broad, Director of NORDIK. “Not only will it help her overcome the difficulties of starting and / or expanding social enterprises, but it will also focus on providing culturally appropriate services. Many communities and economic development departments are looking for more resources to help them better serve social enterprises and entrepreneurs, and this program is designed to do so. ”

Social enterprises engage citizens and spark change by developing innovative ideas and employment opportunities while responding to cultural, social and ecological communities. Social enterprises are distinguished from other small enterprises in that they use the “triple bottom line” (population, planet, profit) to assess their success and their governance structure often reflects community and / or collective control, eg cooperatives , non-profit organizations.

“As a partner in the Northern Region of the Social Enterprise Partnership, we are pleased to continue to help pave the way for social enterprises in Northern Ontario,” said Maggie Matear, Director, Community Economic Development from the Timmins Economic Development Corporation. Through this regionally tailored approach, we are able to ensure Northern Ontario’s unique environment is adequately covered in the intensification and growth of social enterprise. ”

The Northern Region of the Social Catchment Enterprise Project stretches across northern Ontario from Parry Sound to the Manitoba border and all areas in between.

NORDIK is a community-based research institute at Algoma University whose goal is to build Northern Ontario has the capacity to conduct research that contributes to social, economic and environmental justice in rural, rural communities Indigenous and northern communities and provides evidence for policy and decision making.

For more information on NORDIK Institute or The Northern Region of Social Enterprise Partnership, please contact:   Erika Luoma, Communications Coordinator, 705-949-2301 , ext 4393 or visit  www.nordikinstitute.com .

Available in English language

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Press contacts:  Dr Gayle Broad , Director, NORDIK Institute, 705-949-2301 , ext. 4351 or

Erika Luoma , Communications Coordinator, 705-949-2301 , ext. 4393

Communicated by the province:  https://news.ontario.ca/medg/fr/2017/05/aider-les-entreprises-sociales-a-prendre-de-lessor.html

Partnerships for social entrepreneurship under the Ontario Network of Entrepreneurs:

https://www.ontario.ca/en/page/partenariats-pour-lentrepreneuriat-social-dans-le-cadre-du-reseau-ontarien-des-entrepreneurs?_ga=2.120718024.1303548413.1496171651-1983691532.1490991457