Parry Sound Region Economic Development Community


Are you starting a new business in the Parry Sound Area?  Are you looking to expand an existing one?  Below you can find information, tools, and funding to do so.


Nipissing Parry Sound Business Centre

The Business Centre Nipissing Parry Sound Inc. is a partnership between the City of North Bay, the Ministry of Economic Development and Trade, the Ministry of Northern Development, Mines and Forestry, and various community partners.  The office assists in the start-up of new and the expansion of existing businesses.


Parry Sound Area Community Business & Development Centre

This guide has been produced by the Parry Sound Area Community Business & Development Centre Inc. (CB&DC) to assist the entrepreneur wishing to start a business in Parry Sound and surrounding area.

The Parry Sound Area CB&DC is a federally supported not-for-profit Community Futures Development Corporation governed by volunteers in partnership with FedNor / Industry Canada. The services provided by the CB&DC are to promote and assist the economic growth and community development of the Parry Sound region. The centre focuses on job creation by community strategic planning and providing funding and advisory services to area businesses, new and existing.


Northern Ontario Heritage Fund Corporation

The Northern Ontario Heritage Fund Corporation (NOHFC) is working to build strong, prosperous northern communities and we are pleased to offer seven unique programs to help foster hope and opportunity across Northern Ontario.  We’re ready to invest in you. Together we can build a brighter future for all northerners.

Are you an ambitious northerner with a new entrepreneurial idea and the drive to develop your own business? The NOHFC is proud to support northern entrepreneurs, with up to $125,000 funding per project.


For too long, one of Northern Ontario’s most precious resources, its youth, has been exported never to return home. The NOHFC Young Entrepreneur program aims to mobilize a new generation of entrepreneurs and community builders in the North, securing a more prosperous future for tomorrow’s northern families and workers.


Job creation and economic growth in Northern Ontario must be driven by a strong private sector with small and medium-sized businesses positioned to succeed. Through this program the NOHFC provides financial assistance to the private sector to help bring new jobs and economic prosperity to the North.



Canadian Youth Business Foundation (CYBF)

Are you a young entrepreneur, aged 18 – 34, ready to start your own business?  If so, the Canadian Youth Business Foundation (CYBF) is your ‘go to’ resource and we can help you bring a business idea to life! From pre-launch to growth and expansion, CYBF supports young entrepreneurs throughout the life-cycle of their businesses by providing pre and post-launch coaching, financing, mentoring and business resources.

We know that you are as unique as the business ideas you have. That’s why we offer different programs to support you, based on your individual needs. Check out the variety of programs presented below to see which approach is the best fit for you.

Self-Employment Assistance (SEA)

By helping business owners work through their ideas and map out a plan for success, the Ontario Self Employment Benefit (OSEB)/Self Employment Assistance (SEA) Program has helped hundreds of businesses navigate through the first year of business start up.

If you are unemployed, meet certain criteria and would like to start your own business, the OSEB/SEA program offers financial and business support for up to 42 weeks of business start up.

Participants who are accepted into the program develop and implement their business plan to start and operate their businesses.  During the program, they receive financial assistance, business advice and support through seminars, workshops, coaching and mentoring sessions to help them be successful.  Participants also meet other business owners and benefit from mutual support and networking.


NECO – Community Development Futures Corporation

NECO is an independent, not-for-profit corporation supported by the Government of Canada, governed by volunteers in partnership with FedNor / Industry Canada, which encourages the development and diversification of the local economy.  NECO CFDC's jurisdiction extends to Novar in the South, Tilden Lake in the North, Mattawa in the East and Loring/Port Loring in the West.

Individuals or groups who would like to apply for funding assistance to help get their project up and running are encouraged to fill out our Local Initiative Project Fund application form. Applicants are also strongly encourages to read our LIP Application Guidelines.


Other Tools:

Labour Market Group

  • Northern Ontario Growth Plan
  • Tools for the Trades
  • Apprenticeship Information


The Nipissing Parry Sound Business Centre (Downloads)

  • How to Write a Business Plan – Outline
  • How to Write a Business Plan - Step By Step


Human Resources and Skills Development Canada


Service Ontario

  • Register your business online