New fund will assist Nuu-chah-nulth businesses seeking large loans
Officials with the Nuu-chah-nulth Economic Development Corporation (NEDC) can now start assisting some businesses with grand and costly plans.
Established in 1984, the NEDC is an Aboriginal Financial Institution (AFI) which has been providing loans to small- and medium-sized Indigenous businesses throughout Vancouver Island.
Earlier this month it was announced that $10 million had been advanced to the NEDC through the Indigenous Growth Fund (IGF), a new initiative created and managed by the National Aboriginal Capital Corporations Association (NACCA).
