Madam Speaker, again, we thank the member opposite for his concern.
However, we need to remember the facts. As we have said consistently, this money came with the condition that if the promised jobs are not created in northern Ontario, then the loan needs to be repaid. We have made that clear to the company, and the company has informed FedNor on several occasions that it understands this condition.
We made this money available because we are committed to supporting entrepreneurs in northern Ontario. We do that by continuing to invest in Canadian entrepreneurs and business to ensure they have the funding they need to benefit from cutting-edge opportunities and to help them provide opportunities in northern Ontario, to forge rewarding, high-paying careers in emerging high-tech fields.
This funding was available even before COVID-19, and we have continued to support these vital sectors of the economy since the pandemic began.
I can assure the member that we will continue to be there, to grow northern Ontario's economy and create good jobs in the region after the pandemic is over.