Nickel Basin Federal Development Corporation is an incorporated, not-for-profit organization with a mandate to administer a community loan fund in support of small and medium-sized businesses.

Funded through Industry Canada and FedNor, Nickel Basin promotes economic growth and diversification that creates and maintains jobs in and around the City of Greater Sudbury.

Since its September 2000 inception, Nickel Basin has authorized loans totaling over $40 Million and maintained and created 4,950 full time and part time jobs.

Nickel Basin can assist businesses that are located in the City of Greater Sudbury. This area includes as far north as Cartier, east to Wahnapitae, west to Beaver Lake and south to Estaire.

  • Nickel Basin’s main objectives are to:

    • Provide financial support to small and medium-sized businesses
    • Support business innovation and growth
    • Work in partnership with other financial institutions and government agencies to create innovative financing solutions for small businesses.
    • Promote the participation of local groups with regard to identifying employment problems and opportunities in designated areas
    • Identify employment opportunities suitable for support by government programs, private sector programs/partnerships, or a combination thereof