What's New

July 14, 2014 – The 2014 Ontario Budget announced the expansion of the Aboriginal Loan Guarantee Program (ALGP) envelope by $250 million to $650 million.

To date, the Aboriginal Loan Guarantee Program (ALGP) has leveraged significant investments, with $130 million in approved loan guarantees supporting the investments of eight communities, representing over 10,000 First Nation people, in four projects that have invested over $2.8 billion in the province.

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July 30, 2012 – Ontario Increases Support for Aboriginal Energy Projects

Ontario is expanding the Aboriginal Loan Guarantee Program to encourage First Nation and Métis participation in the province's clean energy economy.

To date, the program has received applications totalling $250 million for projects that are expected to bring over 600 megawatts of clean, renewable energy online, which is enough to power 45,000 homes and create up to 2,800 new jobs. The expansion will make an additional $150 million available under the loan program.

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January 29, 2010 – The Application Form and User Guide for the Aboriginal Loan Guarantee Program are now available on the Ontario Financing Authority website.

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September 4, 2009 – Creating Jobs and Promoting Economic Sustainability for Aboriginal People with the Aboriginal Loan Guarantee Program

The $250 million Aboriginal Loan Guarantee Program supports Aboriginal participation in new renewable green energy infrastructure like wind, solar and hydroelectric.

By participating in renewable energy projects, First Nation and Métis communities can benefit from jobs and training as projects are developed and from dividends once projects come into service. The program includes both energy generation and electricity transmission projects.

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