Northern Ontario Heritage Fund
Encyclopedia
The Northern Ontario Heritage Fund is a division of the Ministry of Northern Development, Mines and Forestry in the Canadian
province of Ontario
, whose purpose is to provide funding and program support to foster economic development
in the economically disadvantaged Northern Ontario
region.
The NOHF concentrates on six key funding programs: job creation, technology
research and development, infrastructure
and community development
, youth entrepreneurship
, youth internship and cooperative education
, and generation and conservation of renewable energy.
Canada
Canada is a North American country consisting of ten provinces and three territories. Located in the northern part of the continent, it extends from the Atlantic Ocean in the east to the Pacific Ocean in the west, and northward into the Arctic Ocean...
province of Ontario
Ontario
Ontario is a province of Canada, located in east-central Canada. It is Canada's most populous province and second largest in total area. It is home to the nation's most populous city, Toronto, and the nation's capital, Ottawa....
, whose purpose is to provide funding and program support to foster economic development
Economic development
Economic development generally refers to the sustained, concerted actions of policymakers and communities that promote the standard of living and economic health of a specific area...
in the economically disadvantaged Northern Ontario
Northern Ontario
Northern Ontario is a region of the Canadian province of Ontario which lies north of Lake Huron , the French River and Lake Nipissing. The region has a land area of 802,000 km2 and constitutes 87% of the land area of Ontario, although it contains only about 6% of the population...
region.
The NOHF concentrates on six key funding programs: job creation, technology
Technology
Technology is the making, usage, and knowledge of tools, machines, techniques, crafts, systems or methods of organization in order to solve a problem or perform a specific function. It can also refer to the collection of such tools, machinery, and procedures. The word technology comes ;...
research and development, infrastructure
Infrastructure
Infrastructure is basic physical and organizational structures needed for the operation of a society or enterprise, or the services and facilities necessary for an economy to function...
and community development
Community development
Community development is a broad term applied to the practices and academic disciplines of civic leaders, activists, involved citizens and professionals to improve various aspects of local communities....
, youth entrepreneurship
Entrepreneurship
Entrepreneurship is the act of being an entrepreneur, which can be defined as "one who undertakes innovations, finance and business acumen in an effort to transform innovations into economic goods". This may result in new organizations or may be part of revitalizing mature organizations in response...
, youth internship and cooperative education
Cooperative education
Cooperative education is a structured method of combining classroom-based education with practical work experience. A cooperative education experience, commonly known as a "co-op", provides academic credit for structured job experience...
, and generation and conservation of renewable energy.