Metis Economic Development Fund (MEDF)
In March 2011, The Province of Manitoba Minister of Aboriginal and Northern Affairs and the Manitoba Metis Federation established a corporation without share capital incorporated under The Corporation Act (Manitoba). The Province of Manitoba, Minister of Aboriginal and Northern Affairs has agreed to initially capitalize the Fund $10 million over a 5 year period, commencing in 2011. The Metis Economic Development Fund is an equity investment fund intended to stimulate economic development activities of the Metis people throughout Manitoba by providing equity and capital for Metis entrepreneurs and businesses to support economic development initiatives. As a non-profit self-sustaining entity, all revenue generated by the fund will be reinvested back into the fund to grow its supply of capital for investment in other Métis-owned enterprises.
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