Marathon’s business community is flourishing! At Marathon Economic Development Corporation (MEDC), we recognize the importance of our 200 entrepreneurs and small business owners, and can connect you with a variety of programs and initiatives that will get your business growing.
The Marathon Economic Development Corporation (MEDC), the Town of Marathon and the local Community Futures Development Corporation (CFDC), work in collaboration to help entrepreneurs and new and existing businesses to maintain a positive environment for economic success.
The Thunder Bay & District Entrepreneur Centre offers free and confidential small business counselling services to new entrepreneurs and small businesses. Download a copy of their Starting a Business Guide which provides comprehensive information about starting a business in Northwestern Ontario.
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There are a variety of available programs and services that serve to assist businesses in the community.
Marathon Economic Development Corporation (MEDC): MEDC staff have considerable experience in marketing and understanding the Marathon economy. For new businesses, they are an excellent resource for general business advice and brainstorming possible ideas. For more information about the assistance available to businesses through the Marathon Economic Development Corporation, please contact Bob Hancherow at: firstname.lastname@example.org or (807) 229-1340 ext. 2226
Superior North CFDC: Superior North CFDC provides support to new and existing businesses by offering assistance on accessing financing, business planning and general business advice. If you’re thinking about starting a business in Marathon, Superior North CFDC should be on your list of stops. The organization also supports community economic development by assisting municipalities located within its catchment area to strengthen and diversify their economies. As a community-based, non-profit organization, Superior North CFDC is run by a board of local volunteers. It is staffed by professionals who encourage entrepreneurship and the pursuit of economic opportunities.
Thunder Bay and District Entrepreneur Centre: The Thunder Bay & District Entrepreneur Centre is funded through a partnership between the Province of Ontario and the City of Thunder Bay. It offers free and confidential small business counselling services to both new and existing small businesses. Offices are located in Thunder Bay for businesses in the region.
Services range from providing information on various business topics to one on one consultation with a Small Business Counsellor. Other business services include:
- Small business seminars
- Guides and information packages specific to starting a business in Northwestern Ontario
- Information on government programs and services and other financial programs
- Assistance with preparing a business plan
- Referrals to various agencies and resources
- Programs including Summer Company and the High School Business Plan Competition.
Canada-Ontario Business Service Centre: This organization provides excellent access to information on starting a business, particularly in key areas like finance, organizational management and marketing. It will also generate up-to-date market reports for use in conducting research on the viability of an expansion or new business start-up.
Business Development Bank of Canada: The Business Development Bank of Canada (BDC) is a financial institution owned by the government of Canada. It delivers financial and consulting services that complement those of private sector financial institutions. The BDC is different than regular charted banks in that it offers both financing solutions (long term financing, venture capital, subordinate financing) and consulting services. BDC’s innovative term financing features fixed or floating rates and repayment schedules up to 20 years, tailored to your working capital needs. Project-based financing and a comprehensive approach to risk assessment allow BDC to help businesses who financial needs exceed the parameters of traditional financing.
Service Ontario – Gateway for Starting a Business: Service Ontario’s Starting a Business website provides information on starting a small business and links to resources available to small business. Some topics include: business types (i.e. incorporating), business plan creation, marketing, financing options, funding programs, E-Business and regulations.
Other Financial Institutions:
- Scotiabank – Chartered Bank with a branch in Marathon
- TD-Canada Trust – Chartered Bank with a branch in Marathon
- Superior Credit Union – branches in Marathon and Schreiber
- CIBC – Chartered Bank with a branch in Terrace Bay
- Bank of Montreal – Chartered Bank with a branch in Schreiber
- Royal Bank of Canada – Chartered Bank with a branch in Nipigon