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