Two local First nations are among 10 First Nations to benefit from the province’s Aboriginal Business Investment Fund in 2023-24.
Both Goodstoney and Bearspaw First Nations will receive support from the fund. Goodstoney will see $370,000 to support renovations for the Goodstoney Meadows development.
Bearspaw will see $170,140 to help purchase new service vehicles to increase service offerings and business opportunities for Stoney Nakoda Telecom.
The funding is part of the provincial governments promise to invest $390 million to increase availability of high-speed internet to rural, remote, and Indigenous communities.
A matching investment has been pledged by the Federal government, for a combined $780 million.
Alberta government officials have said , the cost of reaching 100 per cent connectivity throughout the province can be estimated at $1 billion.
The Aboriginal Indigenous Investment Fund up to $750,000 in capital grants to help Indigenous-owned businesses develop and grow.
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