Timmins Economic Development Corporation

Name

Timmins Economic Development Corporation

Legal name

Timmins Economic Development Corporation

Website

https://timminsedc.com

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Economic Development Services

NAICS

Administration of Economic Programs (9261), Business Associations (813910), Civic and Social Organizations (813410)

SIC

Services-Management Services (8741), Services-Engineering, Accounting, Research, Management (8700)

akta.pro primary industry

Economic Development & Business Licensing (Local) (BPAIACAN)

akta.pro secondary industries

Economic Growth, Trade & Private Sector Development Programs (BPADABAF), Refugee & Migrant Integration Enterprises (Livelihoods, Services) (BPAGALAN), Program & Project Implementation (TA Delivery) (BPADAEAA)

Keywords

• Economic development services
• Business consulting services
• Immigration pilot programs
• Investment attraction services
• Community development programs

Headquarters

HQ city

Timmins

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Municipal Funding: TEDC is funded through municipal sources as the economic development team for the City of Timmins, facilitating economic and social activity that supports job creation, diversifies the economy, and improves quality of life.
2. Tourism Development Fund (TDF): The Tourism Development Fund is administered by TEDC and supports tourism initiatives that attract visitors to Timmins. The program is funded through municipal accommodation tax revenues collected from hotels and short-term rentals. Eligible organizations may apply for up to $100,000 in funding for projects that align with the City of Timmins' tourism priorities.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

Timmins Economic Development Corporation (TEDC) is the official economic development team for the City of Timmins, providing free business consulting, mentorship, and community development support to local businesses, entrepreneurs, non-profits, and social enterprises. It operates two core divisions—Business Development & Retention (BD&R) and Community Economic Development (CED)—and administers multiple government-funded programs including the RCIP-FCIP immigration pilots, Tourism Development Fund, Starter Company Plus grants, and BOOST cost-share funding. Services are delivered bilingually in English and French.

Product overview

Timmins Economic Development Corporation (TEDC) is a non-profit community economic development organization that provides a portfolio of interconnected services rather than a unified technology product. The core offerings consist of Business Development & Retention (BD&R) and Community Economic Development (CED) services. These are complemented by three divisions: the Business Enterprise Centre (providing free business consulting and the Starter Company Plus grant program), Link North (innovation advisory and the BOOST cost-share funding up to $10,000), and Invest Timmins (investment attraction). Additional programs include the RCIP-FCIP immigration pilots, the Tourism Development Fund (up to $100,000 grants), and the Timmins Diversity Awareness Project with its Workplace Inclusion Charter. Together, these services facilitate economic growth, job creation, and community development for the City of Timmins.

Differentiator

Problem solved

Functional benefit

Brands

• The Business Enterprise Centre: Provides free business consulting, support and mentorship in the Timmins area and region
• Link North
• Invest in Timmins

Products and services

• Business Development & Retention (BD&R) Economic development service focused on creating, attracting, and retaining business and investment opportunities in Timmins and the surrounding region. Provides free consulting, support, and mentorship to businesses, non-profits, and social enterprises.
• Community Economic Development (CED) Community building service focused on helping non-profits, social enterprises, and other organizations build capacity and achieve their mission through dedicated consulting and program support.
• Business Enterprise Centre Free business consulting, support, and mentorship service providing assistance with business planning, funding navigation, and startup guidance for entrepreneurs in Timmins and the Cochrane District. Bilingual service in English and French.
• Link North Innovation and business advisory service helping companies develop roadmaps to meet business objectives, access BOOST cost-share funding up to $10,000, and offering workshops for entrepreneurs across Northern Ontario.
• Invest Timmins Investment attraction service promoting Timmins as a destination for businesses, highlighting skilled workforce, low corporate tax rates, and streamlined planning and approvals for prospective employers and investors.
• Timmins Regional Rural and Francophone Community Immigration Pilots (RCIP-FCIP) Employer-driven immigration pathway program enabling skilled workers to obtain permanent residence in Timmins and surrounding communities through designated employer job offers, administered in partnership with regional municipalities and IRCC.
• Tourism Development Fund (TDF) Tourism funding program supporting events and initiatives that attract visitors to Timmins, offering grants up to $100,000 for sports events, cultural events, conferences, and conventions aligned with City of Timmins tourism priorities.
• Starter Company Plus Entrepreneurship program offering training, mentorship, and grants up to $5,000 for entrepreneurs launching, expanding, or purchasing a business across sectors including agriculture, industrial supplies, and professional services.
• Timmins Workplace Inclusion Charter Diversity and inclusion program providing businesses with resources and tools to promote inclusive workplaces, structured around 16 commitments across five categories.
• Timmins Diversity Awareness Project Community initiative fostering welcoming and inclusive environments through video series, workplace resources, and addressing racism and discrimination, delivered in partnership with Timmins and District Multicultural Centre and Indigenous partners.

Quantifiable outcome

• 268+ businesses supported through immigration pilots
• +6 more outcomes

Named customers11 records

Segments6 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

15 partnerships are on record, tiered major, core and flagship.

• TelesatmajorStrategic or Co-development Partner · 16 October 2025Telesat purchased land on Laforest Road from the City of Timmins to develop a Landing Station for the Telesat Lightspeed Low Earth Orbit (LEO) satellite network. This represents a major infrastructure investment in Timmins and positions the city as a hub for satellite communications in Northern Ontario.
• Partner Municipalities (Hearst, Kapuskasing, Cochrane, Kirkland Lake, Temiskaming Shores)coreStrategic or Co-development Partner · 6 February 2025Regional municipalities participating in the Timmins Regional Rural and Francophone Community Immigration Pilots (RCIP-FCIP). These municipalities collaborate under the pilot program to attract skilled workers to the region, extending from Calstock to the east along Route 101 to the Quebec border, south to Temiskaming Shores, and west to Foleyet.
• Immigration, Refugees and Citizenship Canada (IRCC)coreOthersFederal government department responsible for immigration programs. IRCC oversees the Rural Community Immigration Pilot (RCIP) and Francophone Community Immigration Pilot (FCIP) under which TEDC operates the Timmins Regional programs.
• The Business Enterprise Centre (Northeast BEC)coreOthersA service of TEDC providing free business consulting, support and mentorship for entrepreneurs in Timmins and the Cochrane District. Co-located with TEDC, it helps businesses start, expand, or purchase operations.
• Link NorthcoreOthersRegional innovation center serving as one of 18 Regional Innovation Centres in Ontario. Provides innovation support, BOOST cost-share funding up to $10,000, and business advisory services. Co-located with TEDC.
• Invest TimminscoreOthersInvestment attraction initiative promoting Timmins as a destination for businesses. Provides information on workforce, tax rates, and planning/approvals for companies looking to establish operations in Timmins.
• Timmins and District HospitalmajorStrategic or Co-development PartnerPartner in physician recruitment campaign addressing shortage of more than 40 physicians. The hospital works with TEDC and the Timmins Physician Recruitment and Retention Committee to attract healthcare professionals to the region.
• Timmins Physician Recruitment and Retention Committee (TPRRC)coreStrategic or Co-development PartnerRegional collaborative including TEDC and Timmins and District Hospital working together on physician recruitment initiatives supported by funding from Ontario Ministry of Agriculture, Food and Rural Affairs' Rural Economic Development program.
• Green Infrastructure PartnersflagshipOthersDiamond sponsor of the 2nd Annual Timmins Reception during PDAC 2026, supporting the event that showcased mining excellence and Timmins' mining supply and services sector.
• Canadian Mining Expo, Levert, Northern College, OK TireflagshipOthersPlatinum sponsors of the 2nd Annual Timmins Reception during PDAC 2026.
• Destination OntariocoreOthersLacey Rigg, Coordinator of Meetings, Conventions, and Sports Tourism at TEDC, serves on the Board of Directors for Destination Ontario, supporting tourism promotion for the region.
• Timmins and District Multicultural CentrecoreStrategic or Co-development PartnerPartner in the Timmins Diversity Awareness Project and manages the Timmins, Together initiative addressing discrimination. Contact point for organizations wishing to use the Timmins, Together logo.
• Indigenous Advisory Committee and Partner CommunitiescoreStrategic or Co-development PartnerPartners including Mattagami First Nation, Flying Post First Nation, Matachewan First Nation, Timmins Native Friendship Centre, and other Indigenous organizations collaborating on economic development and diversity initiatives.
• Government of Canada (Department of Canadian Heritage)coreOthersFunded the Timmins Diversity Awareness Project through the Anti-Racism Action Program (ARAP), supporting video series and workplace-focused initiatives for inclusive communities.
• Ontario Ministry of Agriculture, Food and Rural AffairscoreOthersProvider of Rural Economic Development (RED) program funding supporting the physician recruitment campaign in Timmins.

Scale indicators9 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Edmonton Global: Regional economic development corporation for the Edmonton Metropolitan Region, delivering investment attraction, talent, and export services. Comparable as a Canadian municipal/regional EDC with workforce-attraction and immigration-adjacent programs.
• Montréal International: Non-profit economic development agency for Greater Montreal, funded by public and private partners, focused on foreign direct investment, international organizations, and skilled talent attraction. Closely matches TEDC's structure and bilingual talent-attraction focus.
• Calgary Economic Development: Municipal economic development corporation for Calgary, delivering business attraction, retention, and workforce development services. Directly comparable as a Canadian city-level EDC with similar mandates in investment attraction and business support.
• Invest Ottawa: Economic development agency for Ottawa, providing business advisory, investment attraction, and innovation programming including an entrepreneur support center. Comparable as a city-level EDC combining investment attraction, entrepreneurship support, and innovation services.
• Toronto Global: Toronto's investment attraction and global talent organization funded by municipal, provincial, and private partners. Comparable operating model — public-mandated EDC focused on attracting investment and skilled talent to a specific Canadian city.
• Hamilton Economic Development: Municipal economic development office for the City of Hamilton delivering business retention, expansion, and investment attraction services. Comparable in scope and mandate to TEDC at the city level.
• Invest Alberta: Provincial crown corporation delivering investment attraction and business development services across Alberta. Comparable as a publicly funded investment attraction agency working closely with municipal EDCs.

Others

• Futurpreneur Canada: National non-profit providing mentorship, financing, and support to young entrepreneurs in Canada. Comparable as a complementary entrepreneur-support program alongside TEDC's Starter Company Plus and Business Enterprise Centre.

Emerging players

• Ontario Centre of Innovation: Provincial innovation agency supporting Ontario Regional Innovation Centres (including Link North, TEDC's co-located innovation arm). Directly comparable as the umbrella organization for the innovation-support programming TEDC delivers through Link North.

Broad incumbents

• Business Development Bank of Canada (BDC): Federal Crown corporation providing financing, advisory, and growth services to Canadian small and mid-sized businesses. Comparable as a publicly funded capital and advisory provider for Canadian SMEs that TEDC's clients access.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/TimminsEDC
• Facebookfacebook.com/TimminsEDC
• LinkedInlinkedin.com/company/timmins-economic-development-corporation
• Instagraminstagram.com/timminsedc

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Timmins Economic Development Corporation