Business Development Services

In Elliot Lake, we have a long history of working with new and potential businesses. If you have a business idea or are thinking about relocating your business to a more hospitable area, the City's Economic Development Office can help you. Whether it's putting you in touch with flexible financial options or discussing building and staffing needs, we are here to help you see what so many others have figured out - Elliot Lake is a great place to do business.

In addition to our Economic Development office, local and regional business development assistance is available through various organizations and government offices.  Some of them are listed below.


Elliot Lake & North Shore Corporation for Business Development (ELNOS)

ELNOS is a full-service business development corporation that was established to stimulate economic growth in the ELNOS Region through new business development and investment.  ELNOS provides any form of debt or equity product on fully flexible terms and conditions (up to a maximum of $250,000).  Support services are also provided to complete a successful transition and to encourage continued business growth.  Elliot Lake is one of five communities served by ELNOS.   


ELNOS Telecommunications Centre
31 Nova Scotia Walk, 3rd Floor
Elliot Lake, ON
P5A 1Y9

Tel: (705) 848-0229
Toll Free: 1-800-256-7299
Fax: (705) 848-1539

 East Algoma Community Futures Development Corporation

The East Algoma Community Futures Development Corporation (CFDC) is a federally sponsored operation that provides advice and financial assistance to small businesses within the region.  Loans are geared to the needs of small businesses that have been unable to secure funds through conventional sources.  The CFDC also offers bookkeeping and various consulting services.   

East Algoma CFDC

Tel: (705) 356-1152
Toll Free: 1-888-227-3569
Fax: (705) 356-1711

Lakewood Place
1 Industrial Park Road East, Suite 106
P.O. Box 398
Blind River, ON


Ministry of Northern Development and Mines (MNDM) / Northern Ontario Heritage Fund Corporation (NOHFC)

The Northern Ontario Heritage Fund Corporation is an initiative of the Ontario government to create employment opportunities in northern communities. This is done through various funding programs. Elliot Lake and region's Northern Development Officer is only a phone call or email away and can be a wealth of information for business owners and entrepreneurs regarding various provincial programs and services.

Ministry of Northern Development and Mines
Robert Sjonnesen

Tel: (705) 848-5969
Fax: (705) 848-2408

50 Hillside Dr. North
Elliot Lake ON
P5A 1X4