2021.EX28.16

Background

“The planned 22,000 sq. ft. Indigenous Centre for Innovation and Entrepreneurship facility will be situated in a commercial space located at 200 Dundas Street East. The first of its kind in Ontario, when it opens in 2023 the Indigenous Centre for Innovation and Entrepreneurship will become one of only a handful of incubators in Canada dedicated to Indigenous economic empowerment and business development. As such, the Indigenous Centre for Innovation and Entrepreneurship presents a significant opportunity to support and connect First Nations, Inuit and Métis entrepreneurs across Toronto, Ontario and Canada to critical resources and each other.”

Source: City of Toronto

Item Description

This item “proposes that adequate and appropriate funding to cover the City's portion of Indigenous Centre for Innovation and Entrepreneurship start-up costs and to provide an annual contribution for the Indigenous Centre for Innovation and Entrepreneurship's annual operating expenses be recommended for Council's consideration as part of the 2022 budget process.”

Source: City of Toronto

Proposed by

Executive Committee